Sir/Madam,
Is there any rule that the basic salary would be 50% only (and not more than that) of gross salary , if gross salary reached at certain limit???????????????

Dear Sir,

One of my client deals in land development and for the financial year 2020-21 he has sold land amounting to Rs. 1,35,00,000/- but has incurred loss of Rs. 80,00,000/- due to construction costs of other land purchased.

I want to know is Tax audit required to be done in this case. He has not earned any profit that year.

Please help regarding this matter.

Regards,
Divyesh Jain

In part A general, Return is filed by Representative assessee but the pan quoted in representative assessee field is not same as the pan who is trying to upload return.

I have selected Whether this return is filed by a Representative assessee? YES and filled detail of KARTA.

I have checked PAN no. of karta is same as filled for representative detail.

I have also checked with " whether this return is filled by a presentative assessee ? " - NO


Same message appearing .
I am unable to fix the error to resolve the issue.
kindly suggest resolution.

X Ltd. has 5,000 AC in stock on 31st March, 2019. The cost of each AC amount
to `10,000. There is firm commitment of sale of 1,000 AC by the company in
April, 2019 @ `15,000 per AC. However, the general price of this AC at year end
amounts to ? 9,500 per AC. Calculate the Value of Closing Stock as per AS-2

I have paid my vendor Rs. 92 Lakhs from Apl to Jul-21 out of which 55 Lakhs paid against last year outstanding and the balance against the purchases made in current year.

Total purchases made from him in current year is Rs. 37 Lakhs

Is TDS u/s 194q applicable ? if applicable at which amount and also share rules or guidelines

Regards
Vipul Acharya

Dear Sir
Kindly advice me to deduct TDS or not On Bill of ABC TRAVELS PVT. LTD. Bill Description is hotal booking at H.P. with room and meal plan.
We are a pvt. ltd. company and hotel booked for its Directors

Please advise tds will be deduct or not if yes under section ?
Thanks & regards

In one of the subsidiary companies the agm is being conducted late so there is a need of consent of shareholders to convene the agm with shorter notice for which MGT-7 has been already filed for FY 2020. One of the shareholder is an outsider who is not ready to give consent for that notice . Legally either shareholder which is a company, the company secretary or any director can sign .1) So can any one else be authorised on their behalf ? or else is there any other way to resolve this as my AOC-4 xbrl is stuck for this. 2) Is the consent mandatory for AOC-4 XBRL?

Greetings of the day Team

An amount of Rs. 1.07 lacs [rounded off] has been deducted from my PF settlement on 22nd June 2020 - 13 months back, by PF authorities, Bengaluru.

The same is not yet reflected in my Form 26AS for the financial year 2020-21

Have raised multiple requests, grievances [including PM grievance cell] but the same copy paste response from PF authorities for the past 1 year - there was some technical issue in uploading Q1 20-21 [now we are in Q1 of 21-22!] once this is fixed [without any expected date of closure] I will be able to see this in my Form 26AS

I am a retired finance person [3 decades of private service], and hence unable to understand and accept this same excuse/response

Can anyone suggest what needs to be done now (or) how to proceed further ? Please.

Thanks in advance. With warm regards
G.DEVARAJ
[devarajan.gopalakrishnan@gmail.com]

After 5 years blocked period (16/03/2016 to 15/03/2021) received Rs. 1976100/- from the RBI. Is the amounts received exempted income for reporting purpose in ITR? If not, what type of income is? How to show the amounts in balance sheet in ITR? Is it current (deposit) assets in balance sheet of ITR? Kindly send your valuable reply. Regards, Limpa Chakraborty

I cleared my ippc 2nd group in November 2012.. after that i did 2 months articleship in April n may…. After that i left as i conceived…. Just needed help how n where shud i start….. i have lost all tracks n need to start fresh….. please help