Whether TDS on foreign remittance of preliminary expenses is applicable to a remittance made from an Indian Director to a foreign NRI company for the purpose of incorporation expenses only.

Hi ,

We have received a One GST Invoice from our supplier's, invoice dated 20.02.2020.

We don't have eligible to claim the Last year's GST Amount now. So, shall we book the same invoice value ( including GST Amount ) to be total Expenses in Last Yearbooks?

Please Advise us for an accounting of the same.

regards,
Naresh

Dear All,

In my last to last financial year ITR filing, my other CA added my category as Professional for which reason I had to get Audit done. But my category is Business I think, because I'm running a proprietorship Services based business. This Audit thing has became an issue as that means I have to pay extra fees, extra maintenance of books, etc.

So how can I get this changed at least for current year? Because I've heard Business Income auditing slab is much higher.

Please tell, if audit actually gives benefit in prospect? e.g. IT Department, Loans, etc.

Thanks

Helo sir,
Iam working as a Account Assistant .While Filing for GST Input The Party's GST number has been changed. Actually the party name is C.S manjunath But the Gst number considered of the party S.R Manjunath.
While Filing GSTR3B The GST Number Considered is of S.R manjunath but the Original GSt Number should be of C.S Manjunath's. What will be the consequenses and what is the solution for this
Kindly guide me.

A partnership firm unsecured loans
received from different creditors value Rs40 lacs out standing opening balance as per books . this amount (40 lacs)transferred from partnership firm to one of partner capital account .
Question:
Above mentioned transactions allowed in I.t .act.

A gst registered composite scheme dealer selling of pan masala value rs:5 lacs.
Question:
Dealer tax payble rate 1% only or cess tax applicable in gst act.

Sir/madam,
A Person providing services like nursing staff, ventilators, surgical equipment etc. on commission basis fall under GST levy or exempt ?? because he charges commission from nurses and laboratories....if chargeable under GST, then under what SAC ??

Composite scheme dealer Annual return filed gstr4 in f.y.19-20.
Dealer mistake 4a column inward supplies details not uploaded(purchases invoices) in gstr-4.
Question:
Dealer purchases invoices not uploaded future any problems.

Assess sec 44ada I.t. return filer.cash loan to old debtor outstanding opening balance as per books Rs:3 lacs.
Dt:10-08-2019 cash loan received from old debtor Rs:1,90,000/- through on cash mode.
Question:
Assess above transactions sec 269ss applicable in I.t. act and penalty paid compulsory.

Dear All,

One person was supposed to pay me Rs.6L and while paying he deducted some Rs.50k in the name of TDS. So while proceeding for Income TAX, as I checked on TRACES/TDS website he has falsely mentioned Rs.12L in Total Amount Paid Credited, which is wrong & double amount what he actually paid.

So what steps I can & should take against such person legally? This is absolutely fraud thing, because he must have shown wrongful cash transaction in my name. But to prove that I have written emails/agreement of that time.

Thanks