Guest
09 September 2023 at 10:44

Restrictions on NRE account remittance

For remittance under LRS, I see there are restrictions (e.g. the foreign currency cannot be used for trading options in US market)
https://www.rbi.org.in/Scripts/FAQView.aspx?Id=115#Q2

Are there any such restrictions for remittance made from NRE account?


RAMESH VEERA
07 September 2023 at 22:18

NEW PARTNERSHIP COMPANY CREATION

Me and my 2 other partners have planned to start a partnership company . For example, company name is xxxxxx marketing. if its a private limited (directorship) ,I know that i need to check in registrar of company for name availability. likewise for partnership companies should we check in any other government portals like GST, INCOME TAX ,etc. Kindly give me suggestions.


SHAISY



professional-tax-return-filing-problem : Error while file upload. Period key in file and portal are not same. Period in file is 2305. Please suggest a solution for resolve this problem


Mahboob Alam
06 September 2023 at 17:42

EPF Filling

Hi,
Kindly light on following given case study...
If all employee's salary not paid by company in one shot, for particular month some employees (it paid in phases ) or salary paid on amount wise i.e in 1st week of month salary paid 20 employee's and next week paid 15 employee's etc.
How can be EFP filled in these situation kindly guide please.


Kalyani Srinivas
06 September 2023 at 06:03

TDS paid & refund

Purchased asset and transfered xxx amount from our savings acc to sellers acc without deducting 1% TDS.we paid that 1% TDS, let' say 12,000 from our savings acc to IT for TDS.Later seller refunded that 12,000 amount by cash to us.

How we have to record journal entries this entire process in book of accounts.plz reply experts.


PRITESH SARKALE
04 September 2023 at 17:12

TDS DEDCTION QUERY

Hello sir,
I have a question for you,
one of my client have individual proprietorship firm, which turnover was 1.25 cr in f.y. 2022-23 & i have filed income tax return in 44a/d,now can i deduct on tds liability ?


ila

interest on fixed deposit in bsnk of sinking fund of a housing society can it be treated as general income like maintenace ,parking charges? Or it should transfer to sinking fund reserve and reinvested . Eg.. a cooperative housing society having fd for sinking fund RS. 1500000
Sinking fund reserve RS.1500000
interest on above fd 100000
Surplus of income and expenditure Rs. 35000(without considering interest on fd).
This interest on fd . RS.100000 is to be added in surplus on it should be added in sinking fund reserve?


Mihir Shah
01 September 2023 at 23:12

Not Approved DIN in V3 Portal

I am unable to incorporate company in new V3 portal, The error shows "Enter an approved DIN" but my director DIN is shown as approved DIN when checking in V2 Enquire DIN Status, But in New V3 Enquire DIN status (In FO Services) it shows error message that "Enter an Approved DIN". DIR-3 KYC for year is already done in the new portal and DIN is active.


suryadipsinh mori
01 September 2023 at 18:35

About Sarafi Co-operative Group

Helo Professionals,
I want to know about Sarafi Financial Institutions, (Sarafi Sahkari Mandali) And their services, I am first time hearing such Institutions.
Are they safe for taking loan or any services ?
Please let me know


Rajesh
01 September 2023 at 17:35

Unsecured Loan by Partnership Firm

Can A partnership firm engaged in trading activities grant unsecured loan to another partnership (not related in any any manner).
Is there any legal issue under money lending Act and any other Act ???





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