WE HAVE REGISTERED ONE PRIVATE LIMITED COMPANY WITH CAPITAL OF RS. 1 LAC. TOTAL 4 DIRECTORS SUBSCRIBED 25000 EACH GIVING 25000 CHQ IN THE NAME OF PRIVATE LIMITED COMPANY. . WHAT ARE THE JOUNRAL ENTRIES WE HAVE TO PASS IN BOOKS OF ACCOUNTS. WHETHER HAVE TO CREATE FRIST DIRECTORS ACCOUNTS UNDER SHARE CAPITAL (LIABILITY) AND THEN HAVE TO PASS ENTRIES
BANK ACCOUNT DR. 100,000/-
A'S DIRECTOR SHARE CAPITAL 25000 CR
B'S DIRECTOR SHARE CAPTIAL 25000 CR
C'S DIRECTOR SHARE CAPITAL 25000 CR
D'S DIRECTOR SHARE CAPITAL 25000 CR
IS THIS RIGHT ENTRY?

Is tcs required to be collected in case of advance received in october of Rs.58L and sale is made in March of Rs.85L?
If Yes, on which amount tcs is required to be collected?

An Indian employee working in India of an IT company headquartered in California USA .

In March 2021 he availed the ESOP facility and bought unlisted common stock of the company and paid in USD for the shares .

Now , the shares are being sold to a US citizen / Company based out of US though secondary market wherein the secondary market will charge commission and legal fee.

Another form was submitted to the buyer , being a tax form of US state , asking not to deduct tax before making the payment ; I.e full remittance to be made to the seller - Indian employee

1 . What would be the tax treatment in India ?

2. Is there any liability / obligation for tax to be paid in USA on the profit made in the transaction ?

There are LTCG ( both of gain and loss) and STCG (both gain and loss). Therefore, have to fill 4 items either in the form ITR-2 or ITR-3, but there are 2 filled for M/F and Equity Share. Will have to attach extra sheet and how? Kindly reply. Regards.

Dear Expert,

We are "A" ltd registered in Across PAN ( All the state ) and received renting of immovable property service from "B" from Bengalore and raised invoice from bangalore.
In this case the POS is in bengalore only hence the LL (B) charged CGST+SGST and we have paid the same.
But after verified GSTR2A we found some mistake that the LL wrongly mentioned our tamilnadu GST number but CGST & SGST only shows in GSTR2A.
in this case shall we avail input tax credit.? or its ineligible credit due to POS mismatches.?

In GSTR 2A , Vendor GSTR3B filing status is shown blank,But vendor Filed GSTR 3B ,so how to confirm that vendor has filed GSTR2A

We can take credit of that ITC??

In FY -2020-21 i have earned Rs. 5.25 Lakhs as Income from Salary and 1.65 lakhs from Part Time Accounting Work

Can I file ITR-1

If GST number is cancelled and more than 90 days are passed then how to file appeal to reactivate such GST number?

Sir,
It assess purchase of new plot on sale value and sale agreement same value rs:34 lacs.but market value rs:39 lacs.
Question:
Assess difference value rs:5 lacs amount show in it returns compulsory difference value show in purchase time or sales time applicable in it act.

In one of our shipment from France, fright forwarder mention wrongly mention their company name in AWB and on the basis of AWB wrong name mentioned on BOE also. now bank is required correct supplier name for payment to supplier.

please help any one

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