suppose i (partnership firm - registered in GST, TAN, coming under statutory audit) am a labour service (for packaging or any other services) provider to a pvt ltd company. company has a canteen; facility is extended to my workers. for this facility company is raising an monthly tax invoice on me for the food consumed by my employees at declared rate. while paying against the tax invoice of canteen facility to the company; am i required to deduct TDS? at what rate (2%?)?

Read more at: https://www.caclubindia.com/forum/tds-of-canteen-service-497936.asp

Dear Experts, i am about to get a new sub contract from a contractor of SEZ. The Contractor is asking for LUT number from us to get contract so that services and supply could be tax fee when we raise invoices. Here i want to know that i am having proprietorship firm can i be sub contractor with the contractor of SEZ? Can i apply for LUT or Bond? Also tell me the process by which i could follow it and could get LUT or Bond.

Thanking you in advance

If 1 PAN number have 2 companies and collecting TCS on sales, how to file tcs return with 1 TAN. Or they required to take 2 TAN ????

Dear Sir For a private Ltd company tax audit should be done or not whose turnover is 4lacs PLZ LET ME KNOW. With Regard SANDEEP VERMA

Dear Sir,
please suggest Can I opt 44AD For Partnership Business.

Suppose:(FY 2017-18)
Sales/ TO : Rs.75,00,000/-
Net Profit (After Deducted Remuneration and Interest To Partner) is 8.10% on TO=75,00,000*8.10%=6,07,500/-
Profit to Mr. (50%) - Rs.3,03,750/
Profit to Mr.B( 50%) - Rs.3,03,750/

Can reply can i opt 44AD ??

THANKING YOU
BIKASH RAI

Hi,
I have purchased Plant & machinery in Apr.18.(27.04.18) but bill is received in Jun.18.As bill is received in Jun.18 it is capitalized in books in Jun. input GST credit is taken in June & also tax is deducted in Jun and paid in July on installation charges.

Now to avoid capitalization & depreciation implication, can i make such entry in Fixed asset register in Apr.18 instead of Jun ? without changing in books of accounts to calculate and charge depreciation correctly in books?

Glow sign board for bank should be debited from which head fixed assets or charges advertisement

A firm has got Bank guarantee issued by bank for purchasing goods.pls guide journal entries?. Also whether creditor account will be credited on receipt of goods?.

Dear sir.
Our company purchases raw material from supplier. In that invoice the supplier mention insurance cost which shows separately from the basic material cost . my questions is the insurance cost should be treated as direct or indirect cost.

Please tell the accounting head and journal entries.

Dear Sir,

i am working in educational institute

my question in which expenses comes under infrastructure augmentation

1) revenue which debit to profit and loss account ?
2) Capital expenditure which directly appear as capital addition or WIP?

Thanks