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sankar ponnan
This Query has 1 replies

This Query has 1 replies

08 September 2020 at 16:03

Tax Deducted at Source

SIR
We are having two GTA - One is A - It is a Private Ltd, Other One is B - It is a proprietorship. No one has own trucks.
B agreed with their parties to provide transport services and is doing. B has to receive the bills from its sub-contractors for availing the trucks.
But the sub-contractors have issued the bills to A (Co.)instead of issuing to B by mistake.
Again A (Co.) issued bills to B by the same value of invoice issued by the Sub-contractors.
At the time of payment, A (Co.) has deducted tds @ 1% on the payments made to the sub-contractors.
In this case, B has to deduct tds @2 % on the payments to be made to A(co.)?

guide me plz
Adv thanks


KAKKADRAVI@YAHOO.COM8802495161
This Query has 1 replies

This Query has 1 replies

please guide me to know what is the limitation for maintaining the books of account in Partnership firm.
as my turnover in the last year is below 2500000/- and expected income on it is 350000/-. is it necessary or i have to maintain books of account for my partnership firm.


GURLEEN KAUR
This Query has 3 replies

This Query has 3 replies

05 September 2020 at 17:25

Tds on advertisement

we have to pay 30600/- for advertisement? is this amount liable to deduct TDS?


Ajani Denish
This Query has 1 replies

This Query has 1 replies

04 September 2020 at 23:06

Who can become a Member of HUF

Dear colleague,

One of my client wants to create HUF, his Son presently slatted in USA and having one daughter who is born in USA, so She is not an Indian citizen, so Grandchild of Karta (Who is USA citizen) can become a member in HUF ?


Shiv Karwa
This Query has 4 replies

This Query has 4 replies

04 September 2020 at 15:03

Which class of dsc required for IEC CODE

Plz tell us which class of digital signatures required for filing import export code licenses application filing. Dgft.gov.in


Kollipara Sundaraiah online
This Query has 1 replies

This Query has 1 replies

Assess property value Rs: 50 lacs.this property gift to son.
1. Assess sales of property received amount after transferred to cash gift to son.
2.assess property gift to son.
Question:
Above two transactions better in I.t. act.


Naresh Bhardwaj
This Query has 2 replies

This Query has 2 replies

29 August 2020 at 22:10

Concealment of information

ABC Ltd. took loan worth Rs. 50 crores from bank against mortgage of property worth Rs. 100 crore. Company failed to repay the loan and interest. Bank issued notice under Sarfaesi Act and fixed a date. Company did not adhere to it. Bank has again issued a notice under the above Act and fixed a date which is yet to come. Company while sending annual results ended March and quaterly results ended June to the stock exchanges did not include above information in the results nor auditors were informed about above notices so they did not mention it in their report.

If a shareholder brings the above information to the knowledge of stock exchanges what action they can take against the company.


Anand Ch
This Query has 3 replies

This Query has 3 replies

25 August 2020 at 20:23

Selling a pvt ltd company

CIN U74140TG1997PTC028220
Company Name MAHEESUTA BAUXITE MINES PRIVATE LIMITED
ROC Code RoC-Hyderabad
Registration Number 028220
contact:-
vejayanandch@gmail.com


sankar ponnan
This Query has 1 replies

This Query has 1 replies

24 August 2020 at 11:35

Fastag

SIR
We are GTA Private Limited company and we recharge fastag by our bank and pay toll charges to the vehicles of sub-contractors by fastag. We are passing journal entries as,
While recharging fastag,
Dr Fastag
Cr Bank
at the time of toll payment,
Dr Sub-Contractor
Cr Fastag

Is it correct sir?
guide me plz
thanks in adv


Sonali gusain
This Query has 1 replies

This Query has 1 replies

22 August 2020 at 11:42

Articleship working days calculation

Does below mentioned leave includes or excludes for counting of leave from 156 days
In Leave taken continuosly (i.e. exam leave) consisting of- sunday; Festival/ gazetted holidays; 2nd and 4th saturday off (Provided by Firm policy);1 day compenatory leave every month (provided by firm policy) are included or excluded for calculating leave..???
=>In my firm we work for 8 hours in a day excluding lunch and 1st and 3rd saturday are also working.






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