What is the cash limit for advance to employees as per the income tax

Why to invest in Edelweiss NCD IPO August 2021?

“If you don’t follow the bond market, you are missing some amazing drama.”
Ride the wave of capital preservation. Gather your friends and family. Call if you have to, but don’t miss out the bidding of the IPO bond. Edelweiss Financial Services is all set to open the gates for investors for IPO bidding on the August 17th this year.
Edelweiss is one of India's leading financial services conglomerates, offering a robust platform to a diversified client base across domestic and global geographies.

Copy this Link -- https://www.bondsindia.com/edelweiss_aug2021.html & Apply Now - Paste in your Browser

You can also go to - [https://client.bondsindia.com/IpoDirectDetails?code=BondsIndia&key=eyJraWQiOiJERUJDV1k1cUJ4V2V0VnJkZCtJcE9jVjdwZzU0Yl&issuereferenceid=4&action=apply] and Paste in your Browser

They are mainly in the business of providing credit to both retail and corporate, Investment & Advisory (Wealth Management, Asset Management) and Insurance (Life, General)
The Edelweiss IPO has been rated AA by independent credit rating agency and provides interest upto 9.70% and upto tenure of 120 months. All you need to do is set a reminder on BondsIndia website and place your bid as we send you a reminder when it goes live.

Edelweiss financial service’s Financial Performance

Key Strengths
1. Diversified business profile- The group has been diversifying within each of its key businesses, as well as entering new businesses over the past few years. It is now present in the retail and wholesale lending segments, securities broking, wealth management, asset management, insurance, stressed-asset management, and alternate assets. Many of these have now attained sizeable scale and are likely to lend greater stability to earnings

2. Demonstrated ability to build significant competitive positions across businesses
While the group remains a large player in the traditional broking business, it has also build a sizeable lending book. In the distressed assets segment, EARC remains the largest ARC in India. The established market position in capital market-related businesses should provide the group with a regular stream of fee-based income over the medium term

Credit Risks
1. Asset quality exposed to risks related to concentration in wholesale lending
The asset quality in the credit business has deteriorated in the last 18 months. While the asset quality in the retail loan book remained comfortable, the asset quality in the wholesale loan book deteriorated significantly Furthermore, given the current macro environment, asset quality of the group's exposures to loans against property (LAP) and loans to micro, SME sectors would be key monitorables. This stems from the sensitivity of borrowers of such loans to the current environment

2. Lower profitability than peers
Profitability has been lower than those of other large, financial sector groups. While profitability was on an improving trend over the past few fiscals, it has been significantly impacted in fiscal 2020. With higher credit costs, return on assets (annualised) and return on equity (annualised) fell sharply to 0.5% and 3.4%, respectively, during the first 9 months of fiscal 2020 (1.6% and 12.6%, respectively, in fiscal 2019). Provisioning costs, increased by 71% year-on-year (y-o-y) to Rs 651 crore during this period.

Why choose Bonds India?

Bonds India is an online platform for fixed-income securities such as IPOs, bonds, 54EC bonds, and fixed deposits. With a cumulative pedigree of 50+ years in the bond market, we aim to democratize the market for common investors by stationing detailed insights, expert advice, and keeping a close watch on the market sentiment. Bonds India brings up-to-date information when IPOs go live, fixed deposits with higher interests, and bonds with competitive price before anyone else.

Bonds India ditches the traditional ways of investing by offering a blockchain-based platform for investors that ensures instant online settlements and reduces counter-party risks. Choose Bonds India for its sleek interface, fail-safe communication and step-by-step guide to ensure a well-placed bid. You can apply for India Infoline IPO on BondsIndia’s website.

Offlate whenever I see a query or reply to a query, I see multiple answers being copy pasted. The reason it seems is the competition of number of likes or points.
Caclubindia is a wonderful learning platform where we can add value to our careers and knowledge. Kindly dont make it a some sort of competition. Correct the expert when he or she is wrong or add into his or her reply if you think something is lacking in the answer. But illogically copying and pasting the same replies wont help anyone. I am fed up of new notifications popping up and then just seeing same answer being copy pasted. I apologize for any inconvenience caused from this post. But being a part of this wonderful platform I hope you will understand my point.
I request @CACLUBINDIA to withdraw this competition. Only genuine replies will be there.

Dear Sir,

Suppose we get an electricity bill dated 8th April 2021 of our office for the period 07/03/2021 to 06/04/21. How should we pass this entry into our books of accounts ? Whether it should be divided into expenses payable / prior period expense or should we enter as current year expenses.

Look forward for your advice.

With best regards,

Vijay

Dear Sir

I want to purchase a CAR for my business name tours and travels but at present, we do not ensure for using the same car in rental s services.
May be possible i am using this car after 2-3 year using rental services.

so if today I purchase the above car in the name of my tour and travels business then RTO doing
the registration according to the commercial vehicle of a private vehicle?

If a person is director in more than one company then all the companies need to pay directors PT of rs 2500/- p.a or any one company paying PT for director is enough

Dear Sir,

As an employer what is the process to start an NPS for my employees. I want to contribute for my employees. So tell me What and all I should do for that. ?

Also once its started how to show in payroll records. Same should be added in Employees Gross Income/ or deduct from their Salary.?

Please answer my queries ASAP

Thanks in advance

Regards
Ratheesh

While doing with DSC we obtain signature fie but the moment we file zip file of TDS Return, a message appears on screen as below given below :

' PLEASE UPLOAD A VALID SIGNATURE FILE "

Please guide me and oblige.

I had cancelled my PTRC registration, becasue I had shut down my proprieorship, and hence cencelled my PTRC registration.

I have started a proprietorship again.
But now the option to re-register is not available on the dashboard, how do I re-register?

Dear Sir,
My relative is doing Trading business for branded furniture & has manufacturing hub for local manufacturing also. I have some query as follows:
1. From time to time business requires new machinery for capital expenditure purpose.No depreciation benefit allowable as per Tax Computation filed by the CA.
2.Business has CC & OD limit in Bank. Interest charged by the Bank is showing as expenses in books of account whether it is right or not?
3.Business also has Motor vehicles like Car & Two wheeler. If Business want to purchase through financier the above motor vehicle whether interest charged by the Bank will be booked in Business or not?
4. Now a days Govt has introduced new start company with maximum benefit in Tax etc. Please answer whether Proprietorship can go for avail this or not?
5. Whether Udyog Aadhar will be benefited to business if I will apply for this & what are the benefits.
6. Also give me comparison chart between Proprietorship Business Vs LLP/OPC with merit & demerit with less paper work.

Also let me know whether propertioship firm can introduced capital from time to time for business expansion of his own source / relative / friend etc. What is the capping for this, Is there any condition or limitation linked with Turnover etc.

What is the drawing limit for the proprietorship firm with capping if any.Can proprietorship firm use business money towards Tax Savings purpose & other purpose.