Dear Sir/Madam,

we are 6 members of family as directors in our pvt ltd company, out of these 6 directors, 4 of us have a property jointly registered for which we have taken a mortgage loan from bank.

I would like to know can we bring that money taken from mortgage loan and invest in the pvt limited company in which we are directors. If we can in what ways and sections of the law, what shall be the implications of the same in income tax and GST.

Request your suggestion on the same.

Thanks in advance.

Regards
MKG

what should be stock and debtor limit if cash credit limit is rs. 1000000.

Dear Sir,
Our PVT LTD company salary Rs.50000.00 has been paid from Director Proprietor CASH A/c
Confusion regarding Voucher entry in PVT LTD. Books
Journal Entry or Receipt / Payment should by passed for Salary in PVT. LTD.

Regards

party has raised following our purchase invoice ( EXAMPLE)
BELOW WHICH IS THE CORRECT ENTRY
MATERIAL COST 1000
FREIGHT 300
INVOICE AMT. 1300

1) PURCHASE A/C DR.1300
TO PARTY A/C CR 1300

2) PURCHASE A/C DR. 1000
FREIGHT A/C 300
TO PARTY A/C CR 1300

WHICH IS CORRECT & AUTHENTIC METHOD

Dear Sir ,
How to account for Plastic Dustbin ?? Whether to treat it as fixed asset or to account for as an expenditure??

Dear expert,
I am from Delhi and i have GSTIN of Delhi. I am about to get a contract work to be done in SEZ which is in Haryana. I want to ask you that my GSTIN of Delhi is enough to get the contract work done or would I need to take another GSTIN of Haryana for doing the contract work? One more thing please tell me that would it be considered a nil rated supply and services if i get a LUT from GST portal before starting contract work?
Please kindly reply me of my query..
Thanks in advance.

I had a puchase a non cocking coal from high court in auction tender and highcourt has given the order indicating that this coal is . Then i want to sale a this coal so how i made a invoices Can i collect a taxes and cess also or not Now i create a invoices as for total amount not mentioned any taxesIn court order has mentioned I.e abc corporation at the rate of basic 100 rs per MT (metric ton)As is where is basis So can i collect a GST AND CESS or not ?

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 ????