WHAT IF AN OPC HAS A TURNOVER OF MORE THAN 2 CRORE IN FIRST YEAR. WILL IT BE BOUND TO CONVERT COMPULSORILY AS CONDITIONS FOR COMPULSORY CONVERSION SAYS THAT IN ORDER TO COMPULSORY CONVERT AVERAGE TURNOVER OF IMMEDIATELY PRECCEDING 3 F.Y IS TO BE SEEN.. SINCE COMPANY EARNED MORE THAN 2CR IN FIRST YEAR...???

A Ltd Co. in its Company Master is showing 1.0 year 2011, authorized capital as 50 lakhs. 2.0 year 2021, authorised capital as 5 crore.
In fact in BS of year 2012 & later the figure is deliberately is reported as 5 crore - no formality is done with the ROC to raise this capital. The balance sheets as on date carry the same figure of 5 crore.
What steps to be taken in this case? How the responsibility be fixed - The directors, auditors, company? Whom to approach and how?

hello everyone, I want to confirm if TDS payment date has been extended for March 2021 till April 30.

Res/ Sir, Madam
I have no liability to pay tax for the next 6 months, so that is my input tax which is appearing in 2B, how to get refund it, and how to show it in the Electronic Credit Ledger of the portal.

Thanks

My client applied for refund on service exports which was orginally allowed , but immediately thereafter issued a notice to submit FIRC /BRC . Bankers say that practice of issue of FIRC has been discontinued by RBI & they have issued a FIR statement certifying receipt of funds . Please enlighten on how to handle this

Order Copy Received in which TDS Claimed not shown (Unmatched TDS) and Interest Charged u/s 234B & 234C. But Claimed TDS is showing in 26AS. What to do.

Respected Sir,
While keeping in view of the issue of Covaid-19 companies are required to issue ID to their employees. Please let me know the procedure for making ID. What are the formalities to be done in this connection.

Sir,
One of a pharmacy store maintained trader composite scheme registered in GST act recently.
If a dealer purchase of medicines 5 and 12 and 18 % tax rate goods and exempt goods and sales to customers cash mode sales and Google pay and phone pay modes transactions for daily.
Question:
1.Dealer purchase records tax rate wise or consolidate(single) account
2. Sales transactions accounting entires passed procedure in books.

Hello
My question is , Mr.x ,age 72 never filled income tax return till yet due to non applicability.

However as on 21.01.2021 he sold a land (not agriculture one) for Rs 10lakhs which was bought in the year 2004 for Rs 50000. And he doesn't have any other income.

Questions:
1) Is he applicable to file return?
2) If yes, then is there any applicability of advance tax ?
3) consequences of not filling the return.

REDUCED TDS RATES FOR FY 2021-22 YEAR ENDING MARCH 2022
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Reduction was allowed upto March 2021
Whether the same reduction will be allowed for the fy 2021-22 ( Year ending March 2022 )