Our partner is getting salary from another company not from the firm where he is partner. Profession Tax is deducted from his salary as well as being a partner he is paying PT under PTEC.
Means double tax is paid. What he can do to avoid this double deduction.

I have raised a Advance COVID PF claim (Form 31) on April 13 and received a message on April 19th saying "Your claim is under process and will be settled shortly". However, it is almost now 2 weeks, and the status is still showing "Under process" (from April 13). How much time does it take to settle COVID advance claim (which was supposed to be within 5 days as per EPFO website)?

hi i need urgent help... as i registered myself in TCS back with someone else PAN number beacuse that time i didnt have PAN.. now that person wants to register herself in TCS but while registering its showing dupliacate profile...kindly help

we are a educational institute and we may start 7th pay from Apr 2022
so if my question is

1) 7th pay say salary increment is 3% every year Jan or July - so do i need to calculate increments for those exist before year 2016- from 2016 to july 2021?

request you to give a example also


thanks in advance

What is included in PF basic salary

My bank HDFC is confused if there will be a Tds deduction if my LLP entity has to make any invoice payment to a USA company (or to any foreign company) for taking their services. The USA company has no office in India, they operate in USA. The services taken from them involve recruitment/identification of relevant persons who can be located anywhere in the world and scheduling phone interviews/discussions with them to discuss a project topic for 30-60 minutes. We need this discussion as part of primary research to gather info in order to deliver our research/consulting projects. I'm dealing with two USA entities both of who say they deal with multiple clients in India who do not need to deduct any tax and that they will not be able to use any such deduction as their input credit when they file their return at the end of the year.

Kindly share if in this case 15CA CB is needed and TDS is applicable or not?

I m partner in one ca partnership firm registered from 2008. Now I want to dissolve partnership firm and we two partners decided to form prop firm. I want to know what would be the status of new prop firm for bank audit whether partner eligibility and standing also account or only firm standing is count for bank audits. Kindly guide. What would be better for us.

Banks in India open various accounts under Small savings Schemes like PPF, Sukanya Samridhi and Senior Citizen Scheme on behalf of Govt. In the Balance sheet of banks , where the balance in these schemes is shown by banks.

Regards

Hi I completed my articles on 26/03/2021. I took excess leave and I did the excess leave work starting 21/12/2021. I submitted form 107 for excess leave but form got revert back for correction saying
"Your Form 107 has been sent back for correction by the regional office with remarks Form 107 should be execute on stamp paper. Frankin/stamp paper should be within 60 days from the date of supplementary registration. .

Kindly visit ICAI Self Service Portal for further details."

But I am unable to submit the form with backdated.

Please suggest how can I proceed further

Respected Sir,
Export Invoice of September 2021 which has not been realized as yet though more or less 8 months have passed and now in such a case I have to apply for RBI extension. I shall be highly obliged should you please guide me on this issue.