Neha
04 December 2021 at 14:50

TDS professional exceed Threshold limit

Sir/Madam
Please provide guidance
A partnership firm pays an individual professional fee of Rs 15000 in the month of May 2021. No TDS was deducted as it was below threshold limit.
Now same individual has to be paid professional fees of Rs. 30000 this month.
How to deduct and deposit TDS in this case.
Will I have to deposit TDS on previous bill of May 21 along with interest.TDS Quarterly return of Q1 2021-22 is already filed. So is correction of Q1 TDS return has to be also done?
Please guide on right way of dealing this situation
Thanks in advance


Kollipara Sundaraiah

SIR,
one of the it assessee agrilculture income rs:2,80,115/- and agrilculture
expenses rs :110000/- showing in books.
Question:
1.Agrilculture expenses claimed allowed any limit applicable in it act and expenses debited to agrilculture income account correct procedure.
2.above transactions agrilculture income rs:2,80,115/- or rs: 170115/- showing in it act.


Mousumi Baneerjee
04 December 2021 at 13:55

Goods and Services Tax

Mr A teaching in a college as a visiting/guest faculty on a monthly honorarium based on a fixed amount per hour taught and registered for GST on voluntarily basis for his own practice as a professional.
The college is a University affiliated college and exempted from Goods and Services Tax.
Whether Mr A have to pay GST on the honorarium he gets from the said college. And if not , what is the clarification?
Someone can shed a light on the above


Jalindar Borawade
04 December 2021 at 13:29

JV IN TALLY

WE RAISED THE INVOICE AGAINST LABOUR AND FULL FILL HIS MATERIAL AND LABOUR BILLING ON BEHALF OF THE CONTRACTOR AND WE NEED TO DEDUCT EXPENSES AND CLAIM EXPENSES ON HOW TO MAKE JOURNAL ENTRIES.


Kavita R
04 December 2021 at 13:07

CAN A LOAN BE GIVEN TO A SHAREHOLDER ?

Can a loan be given to a shareholder in case of a Private Limited company, if yes then which section states that under CA 2013? if not which section restricts the same. Please clarify....


Piyush
04 December 2021 at 12:12

Stamp Duty paid - 80C

Stamp Duty paid for Purchase of Residential property can be claimed under sec80C.
Can we claim Stamp Duty Paid for purchase of shop as deduction under Sec 80C?


ARUN GUPTA

I have purchased mobile phone and paid gst on it. Can i claim itc on gst paid. I am trading in steel and fabrics items. Pl advise impact of ITC?


CA Parul Saxena

Tax comparison report downloaded from portal...but formula is not working there..#value error is there while calculating..
The reason is numbers there working as text...how to convert it to numbers...I have tried everything but does not working like...format cells,data text to column..
When i remove commas from numbers one by one then only formula is working..
Please suggest some other quick way to convert this text to numbers..


pavel
04 December 2021 at 00:21

Partnership Deed with Registration

I want to make a partnership deep also want to register it. Can anyone take this professional work? I am from Mumbai Suburbs, Maharashtra.
Here A and B are Partners in the Ambulance Business. A contributed Cash of Rs.4,50,000/- and B took a loan of 9,00,000 on himself. The thing is the ambulance is in the name of Partner B.

I want to make a partnership deed on the above case. If anyone can do it then please drop me an email at pavel1356@gmail.com.


Vivek Trivedi
03 December 2021 at 23:22

GST allowable or not ?

Is GST paid by normal tax payer allowed as expense under Income Tax Act ? Please give reasons. Then why is it so allowed in case of composite supplier ?






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