Sir, could you please update cashflow statement of LLP. And please clarify cashflow is mandatory for llp

Sir / Mam

In a Pvt Ltd co, there is any limit to a director for maintaining his suspense account?

please reply

thanks in adv

Sir, can we deduct TDS@10% as per Article 12 of DTAA with Singapore even though equilisation levy applies to Linkedin because i heard that payee may not get credit for EL paid in India while paying tax in their home country

For one of my client GST audit is conducted for FY 2017-18. I have below queries

1. Is RCM applicable from July 20,2017 to Oct 13, 2017. If yes is it applicable on all the expenses including Salaries, Labour payment, Logistic expenses, URD purchases and Rent??
(Because he was asked for Expenses ledger for that period and also I informed like need to pay 18% tax on those expenses with int).

2. Client claimed around 32 Lakh(Actual ITC, payment made to vendors) IGST ITC, but according to 2A vendor filed GST for 17 Lakh. Now client asked to pay the remaining 15Lakh with 18% interest or asked to us talk with vendor and get the GST paid.
(One of the major vendor, client made payment of 17L IGST, but vendor filed the return only for 8L IGST according to 2A. Due to some deficiency in supplies, part of payment was not made but ITC claim is taken for that amount as well and the proceedings are going on court.)

I have been registered under gst and hired cab service from unregistered gst supplier of cab service at 6000 per day and to pay 60000 per month. Whether rcm is applicable to me and rate applicable

Dear Experts,
We have to make payment to Linkedin, based in Singapore for job posting. They have no PE in india and have provided Form 10F, TRC and Pan No, also their remittances are more than 5,00,000/- we will deduct tds@6% under EL
Is still we need to have form 15ca & 15cb ?
If yes, then under which article we can issue form 15ca/15cb

In my 26AS an amount of about 660000 is shown and remark is NIL. This amount shown is less than the 10 lacs as required for reporting. Also it is matching with amount of FD I had with the Axis Bank the reporting bank. The FD is not yet matured also though quarterly interest credit to SB Account which is about 9500 approx. First of all I am not able to understand what transaction is reported under this as the amount shown is not matching with any of my transaction also. In my return what I should show or what should be done. I filed my return based upon form 16 issued by the employer as there is no other income. This time due to this SFT 005 reporting found in my 26AS I am in confusion to understand what steps I need to do and file my return without any discrepancies. Please advise do I need to do anything or it could be taken as the reporting is just for my information and do nothing.

Thanks

K Rabadia

Hi experts,

My last working day at my previous company was on 7th Mar, 2021.
Due to covid restrictions, I couldn't travel to my base location to return company assets. So my Full and final settlement was on hold.

Finally, I returned the company assets on 30th Sep, 2021 and I received Full and final settlement payment (Feb & Mar salary + leave encashment) on 27th Oct, 2021.
Please confirm, "Should this Full and final settlement payment amount be counted as income in FY 20-21 or FY 21-22"? Thank you.

Thank you.

Dear Experts,

We have to make payment to Linkedin, based in Singapore for job posting. They have no PE in india and have provided Form 10F, TRC and Pan No, also their remittances are more than 5,00,000/- we will deduct tds@6% under EL

Is still we need to have form 15ca & 15cb ?

If yes, then under which article we can issue form 15ca/15cb

I received a demand of ₹600 for the current assessment year on 17/11/2021 by mail which I paid on the same day online with minor code 400. While submitting respose to outstanding demand on efiling portal, I tried to enter details of this challan, but everytime it is reflecting error like "an open challan with such details not available in the database for this financial year. " while this challan is correctly showing in my 26AS with minor code 400. What to do. I have also submitted grievance on efiling portal, but not solved as yet.