Latika

Buyer A and B finalized a property from Seller C and D for amount 80,00,000.
Buyer A and B have paid 40,00,000 each to Sellers C and D and registered the property
Now Buyers A and B need to fill 4 forms of 26QB (A->C; A->D, B->C, B->D).
In this scenario, I have below query:
In each of the forms, what should be filled in Total Amount Paid/Credited* field. Will this be total amount divided by 4 i.e. 20,00,000 or entire property purchase amount of 80,00,000 in all four TDS forms?


Avinash

I am sole proprietor of 'ABC' firm based on website development registered in Noida under GST and now I have moved to Delhi wants to open current accounts in delhi for same business. But banks will open current accounts based on registered address which is Noida (U.P.).

Q.1 My question is whether I can register new firm with similar name here in Delhi for same business?

In other words, Can person sole proprietor register two firm for same business in two different states?

Thanks in advance.


Daya

If expenses Incurred regarding Fixed assets on above Rs. 5000.(rs. Five thousand ) always should be capitalized, even incurred for repairs and maintenance Regarding, Any Fixed Assets.
or if any criteria then please reply also.


Surinder
13 February 2022 at 15:25

143(1) CPC

Sir,

I have received sms intimation for ITR processed.but yet no received any mail from department how can I check detail of 143(1) from IT portal.


Kollipara Sundaraiah
13 February 2022 at 14:36

It doubt for doctor

Sir,
A Doctor running a clinic purchase of medicines personal name and clinic name
used treatment purpose to inpatient and outpatient after fees collections from patients and accounting records maintained of cash basis.
Question:
1.A Doctor purchase of medicines individual name or clinic name is corrected procedure
2.purchases of medicines used treatment purpose tax liability applicable in gst act and purchase of medicines any limit provision applicable in it act.
3.Doctor depreciation claim on fixed assets and closing of medicines treatment in books for cash basis accounting records system.
4. A Doctor drug licence registered compulsory.


Amandeep Singh
13 February 2022 at 12:39

Share purchase expenses

Dear Sir

During purchase of share we have paid some expenses eg. Brokerage, Stamp duty,GST, STT please suggest entry in books of accounts and name of the group in which we create the ledger


Vaneet Monga
13 February 2022 at 12:32

ITR CPC SMS


Dear Sir,

i have received below SMS what is the meaning of SMS I don't receive any mail I have check my inbox and SPAM. Can it's serious issue from IT department

ITR for AY 2021-22 and PAN: xxxxxxxx has been processed at CPC. Intimation u/s 143(1) has been sent to your registered email ID. If not received check Spam



Anouja Thyagarajan
13 February 2022 at 12:24

Form 35-Appeal

Respected Sir/Madam,
I have received intimation u/s 200A for late filing fee of Form 26QB i.e. TDS u/s 194 IA, can I file an appeal before CIT(A), because while filing Form 26QB my date of payment was Oct21 & date of agreement was in Jan22 it showed error that we cannot file for future date so i was not allowed to make payment & I filed it in Jan22.


ARUN GUPTA
13 February 2022 at 10:47

Sale made to party

We purchased hardware materials from a party by gst bill. The party showed sales in gst return. After few days they purchased fabrics from us. We showed fabrics sales in our gstr returns. Now the party is denying purchase of fabrics from us although sales were made through eway bill. What should we do now? They are demanding fabrics payments from us. We have supplied more value of fabrics to them then their due payment. Please advise.


Pooja Prasad
13 February 2022 at 00:35

Article writing

Does uploading any article fetch income.i.e, will this monetized ?





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