Sirs

Ours is a private limited company and we have taken a premises on rent.
Owner of the property is an NRI. Monthly rent is Rs.105000/-.

Kindly clarify the applicable TDS rate and under which section. What returns/challans we have file for this.

Thanks.

Company had deducted less TDS on Salary of an employee, who left the company in Nov, 2021. Company had filed Salary TDS return for 3rd quarter with accurate details like Salary & TDS. Now company filing its 4th Quarter TDS Return for Salary. how can we rectify it.

in case of voluntary conversion, if opc is filing inc-6 with late fee (its late by 1 year),
the converted pvt ltd incorporate certificate will have resolution date or inc6 filing date?
my view--> i feel resolution date, right?

Before 10 year, I had to quit my ca course due to some personal issue...I had completed 10 months of my articleship. Now I want to restart my ca articleship but with another ca firm...status on ssp portal is lapsed. Portal is not showing any form like 109 etc...What will be the procedure to restart with new ca firm...plz tell me in detail including ssp portal activity.

Hello,
Please tell me about the skills which a qualified CA CS should know to get excel in thw corporate world.. I just want to know that apart from bookish knowledge, what practical approach a person should learn.

Thanks

What is the accounting treatment for input GST we have paid?
Will it be shown in P/L a/c or in the asset side of Balance sheet? (Note: there is no output GST liability)

My client turnover crossed 10Cr in Feb-2022

should be deducted TDS on purchase U/s194Q for March-2022 (month purchase) or should be started TDS from April (next financial year) onwards.

Please tell me

Dear Friends,
A small company has two directors who are also the promoters and the company has been paying a monthly remuneration of Rs 1.50 lacs to each since a long time.

From March 2020, the company has been facing a financial a cash flow crunch due to lockdown. The directors decided to a voluntarily reduction in their remuneration and draw a lower remuneration than 1.50 lacs.

In FY 2020-21 they drew full 1.5 lacs for first 5 months then half remuneration for rest of the year. In FY 2021-22 drew 40k each for 6 months and then full remuneration for rest of the year and for current FY 2022-23 they propose to draw 50% remuneration for 1st half and full remuneration for the next half year.

The auditor objects to this saying that you can't change the remuneration voluntarily as it will affect the TDS to be deducted from their salary. I personally disagree with the auditor as there is no restriction on payment of remuneration of Directors in a small Pvt. Company and that too when the directors want to help the company to manage the cash flow.

Please share your views :

1. Whether there is any problem in the voluntary reduction of salary by directors.

2. Can the company pass a single board resolution in the beginning of the each FY for a voluntary reduction in remuneration by the Directors without specifying the amount by specifying a reduction upto say 75% of their actual remuneration depending upon cash flow of the company .
Thanks & regards

PC Joshi

TDS deducted for logistics company comes under which (Section) nature of payment?
What is the difference between section 94c and 194c under TDS?

Mr. X is landlord and Mr. Y is builder
They have entered in to Joint Development Agreement
Mr. Y will Construct total 10 flats (7+3)
7 for builder and 3 for land lard
Here builder has to pay GST on all flats (7+3)
Each flat sale value is 15,00,000

doubt:
here builder will collect consideration for 7 flats due to he directly sales to customers and he can pay GST and he shows as sales in GSTR1 and GSTR3B

he is ready to pay GST on remaining 3 flats but he did not take any consideration from landlord, then where we can show this transation in GST Return