k.v.subrahmanyam
07 December 2021 at 10:39

Foreign contribution act and rules

Respected sirs
I have two quieries.
1. Is it madatory under the provisions of FCRA act or rules to appoint one MBA HR ?
2. Is it madatory under the provisons of FCRA act or rules to establish a purchase committee, record the contract awarded in resolution book of governing committee?
kindly advice
Adv Subrahmanyam


Jain Pankaj Bhalawat

Respected sir /medam
Is contribution given to RGhS i e Rajasthan govt health scheme deductible u/s 80 D plz clarify.


neha
06 December 2021 at 18:01

Offset interest on let out flat.

if flat is let out to tenant , and person is paying emi on home loan for that flat,is the max limit to offset that interest only 2 lakhs? which form should be used if more can be offset currently using itr1.


H Thakar
06 December 2021 at 17:20

RCM for Consultancy

I have hired advocate for consultancy of my property. I have received invoice for the same amounting to Rs 1.5 Lakhs.

Do i need to pay RCM on above. ?

I am individual and the payment will done from my personal account.

Also advice on TDS Compliance of the same


pawan bahl
06 December 2021 at 17:08

44 AD AUDIT

MY PROFESSIONAL RECEIPTS ARE 30.00 LACS AND FILING ITR UNDER SEC 44ADA SHOWING MORE THAN 60% PROFIT I.E. 18.00 LACS.
ALSO THERE IS FUTURE & OPTIONS BUSINESS HAVING TURNOVER OF 50.00 LACS BUT NET LOSS AT THE END OF YEAR IS 5.00 LACS.
NOW MY QUERY IS THAT WHETHER I HAVE TO AUDIT BOOKS IN CASE OF FUTURE & OPTIONS BUSINESS AS IT IS LOSS BEING APPLY SEC 44AD. (6% OR 8%) .

AND IF AUDIT APPLY WHETHER THE PROFESSIONAL RECEIPTS ARE TO BE ADDED IN THE TAX AUDIT OR NOT AND UNDER WHICH SECTION THE TAX AUDIT WILL BE DONE . (SEC 44AB/AD/ADA)

TOTAL TURNOVER LESS THAN 1 CRORE,.

PL GUIDE.


Manisha Makhija
06 December 2021 at 16:53

Gstr 1 iff qrmp scheme(urgent)

hello everyone

My firm has sold ct scan machine to a unregistered diagnostic center worth Rs 500000.
Now when we are filing our gstr1 under iff qrmp scheme only sale to registered person detail is been asked to fill.

how to show the above transaction in the return for nov month.

Thanks in advance


Support Quickforex

My mother died in august 2021. She was holding fix deposit @9.25% in a bank with the maturity date of in 2025. Being a nominee I don't want to break the fix deposit since the interest was on higher side. I want the same fix deposit to be transferred in my name with the same interest rate. Is is possible to do so. The bank is refusing to do the same. Please advice.


D Chourasiya
06 December 2021 at 16:01

Refund in wrong person's account

i have filed ITR of 49000, from that i received 29000 in my correct bank account (which was updated while filing ITR), after 2-3 days i received two messages with 2 amounts totaling to 21000 for my PAN card no. but credited in different bank account which is not mine.
what can i do now? please help.


Sanchit
06 December 2021 at 14:47

TDS & TCS on Purchase & Sale Transaction

Dear Sir,
We are a manufacuring company, our last F.Y.(2020-21) Turnover was less than 10 Crore but during this Financial year our Turnover Exceeds 10 Crore.
Whether for this F.Y. -TDS/TCS on purchase/sale of transaction will be applicable on us or not.


Kollipara Sundaraiah

SIR,
One of the business it assessee maintained single bank account books and it returns show.if assessee AIS and TIS information download recently another bank account detailes mentioned.2 nd bank account transactions entry passed in books after cash balance shortage in books.
Question:
1. Assessee maintained business accounts records single only.
2.How the adjustment cash balance shortage in books.






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