Dear team,
Kindly help us with this concern we are facing with ESIC.
We registered our company on March 2021 through a paid service portal
1. Its a private limited company with two directors, started as part of media & entertainment for YouTube purpose.
2. ESIC number is allotted when we created the company , which was done by the service portal CA.
3. We have a current account for the registered company , with avg balance maintained.

Currently , we received notice from ESIC to submit the below documents within Feb22,2022. Since, we don't have employers we are not sure what needs to be done further. We have inquired to that service portal & they are still looking into how to provide service and no clear answer from them.

Documents Required by ESIC SRO official:
1. Attendance/Salary Register from March 2021 to January 2022
2. Trial Balance Sheet & Profit&Loss account with schedules/Trial Balance with groupings-with reference to P&LAccount/GeneralLedger/Bills/VouchersforFY2021-22, allsegregatedasperheadsinledger
3. Contractors/outsourced work records.
4. Inspection Book under Regulation 102-A
5. Employees' Register under Regulation 31
6. Accident Book under Regulation 66.
7. All other documents pertaining to employment,payment of wages and payment of contribution under the ESI Act,1948 such as TDS and ECS statements.
8. Registration certificate copy providing the date of commencement
9. Bank Passbook 1st page copy of the company
10. PAN of the company

In ESIC portal handbook, we saw that company with less than 10 employees are not require to follow ESIC schemes.

Kindly help us what should be done from our end, to face this concern.

Hello Everyone,

I have already filed the return for F.Y. 2019-20 however one TDS amount reflected after return filing and Due date for revision has also been expired.

Can i get such TDS amount?

I have completed 20 years of service in a private company. I used to receive sales commission for certain months but not regularly. I understand that basic salary, dearness allowance and sales commission are eligible for gratuity calculation. Since the sales commission varies every month and also there was no commission in certain months. So how to calculate my eligible gratuity amount.

We have tried to update Bulk UDIN update by filing .csv file mentioning Form 3CBCD as FORM 3CB-3CD, but the same is rejected by saying Form code should be in valid format. Pl. let us know the valid format of Form 3CBCD.

Thanks!
CA Laxmi Mittal

sir,
a salaried person has filed is IT return under old scheme for a.y. 2021 22 his form 16 also is per old scheme. now for the same year if he changes his option to new scheme he is eligible for refund . hence can he file a revised return now for the same year claiming refund.

sir kindly advice as per new notification zomato is liable to pay gst for restaurant sales through it. restaurants are noy liable. how the bill may issued to zomato and how returns are filed. is it required to issue e invoice to zomato or not ?. all entries of restaurants

Dear sir,
In case of EPCG license application to DGFT, Which Proforma invoice to be submitted
1. our vendor Proforma invoice
2. Our vendor - supplier proforma invoice .
Kindly advise

Under section 123(1) 4 proviso it States that company shall not declare dividend if the carried over losses and depreciation has been set off with the profit of the current year ok
So i want to ask that it states against profit of current year ok now if I don't have profit in current year and i am declaring dividend as per 3 proviso read with rule3 which provides for set off that year loss not depreciation in which dividend is declared not the previous year depreciation and losses so if I declare dividend as per 3 proviso did I have to setoff previous years losses or depreciation kindly express your suggestion and views.

Can a private limited company have to file ADT-1 every year, even for ratification also?? If I file ADT-1 last year then can I have to file this year also ??

I have a query regarding Section 44AD.
Can we have more than one business for a single assessee, under the presumptive taxation u/s 44AD, where the turnover under each business is below Rs 2 Crores. For Example, Mr X has two businesses, one is trading of goods and another is consulting (not falling under the definition of professional). Trading business has turnover of Rs 1.90 crores and consulting business has turnover of Rs 1.75 Crores. Can he treat each business independently for the purpose of section 44AD and declare the taxable income as 8% or 6% under each business, although the combined turnover is more than Rs 2 Crores.
The relevant section reads as under:
Notwithstanding anything to the contrary contained in sections 28 to 43C, in the case of an eligible assessee engaged in an eligible business, a sum equal to eight per cent of the total turnover or gross receipts of the assessee in the previous year on account of such business or, as the case may be, a sum higher than the aforesaid sum claimed to have been earned by the eligible assessee, shall be deemed to be the profits and gains of such business chargeable to tax under the head "Profits and gains of business or profession"
Whereas, they have defined the key terms of eligible assessee and eligible business as follows:

"eligible assessee" means,—
(i) an individual, Hindu undivided family or a partnership firm, who is a resident, but not a limited liability partnership firm as defined under clause (n) of sub-section (1) of section 2 of the Limited Liability Partnership Act, 2008 (6 of 2009); and
(ii) who has not claimed deduction under any of the sections 10A, 10AA, 10B, 10BA or deduction under any provisions of Chapter VIA under the heading "C. - Deductions in respect of certain incomes" in the relevant assessment year;
(b) "eligible business" means,—
(i) any business except the business of plying, hiring or leasing goods carriages referred to in section 44AE; and
(ii) whose total turnover or gross receipts in the previous year does not exceed an amount of [two crore rupees]

Please reply. Thanks