Can anybody explain how BG relief will help contractors.

We are executing govt. contracts , as per contract clause we have to provide PBG -10% of CV till completion of DLP period.

As per new relief , how it will benefited to us.

Mr.A TRADE LINK WITH AMAZON FOR HOME NEEDS PRODUCTS WITH GST INVOICE. (SALES BILL 10,000/- GST 5% 500/- TOTAL RS.10,500 )THE AMAZON PARRED FOR SERVICE TAX WITH GST ( P BILL FOR 10% ON SALES AMOUNT).
MY QUERY IS Mr. A HOW TREAT THIS SERVICE UNDER THE HEAD OF ACCOUNT
TDS APPLICABLE OF SERVICE BILL

THANKS .

Dear Sirs/Madams,

>> Suppose there are 3 companies : A, B and C
>> A is a subcontractor for B for which B pays processing charges to A
B sells the finished goods to C
>> On account of the pandemic of Coronavirus, C asks B to pay some "additional/extra"
processing charges to A on equal sharing basis (Additional processing charges shall be borne
by B and C in the ratio of 1 : 1)
>>Suppose A raises a bill on B for additional processing charges of Rs.100 + 5% GST
>>As agreed, B will recover 50% from C. So, in this case, please answer the following:
(1) On which amount 50% shall be computed
(2) Please state the rate of GST (if applicable) which B shall charge on the 50% reimbursement from C
Thanks in advance.

Sir
I want to know the procedure of GST on Director's Salary payable by Private Limited Co. Is it liable?
Pl advise.
Regards
Sanjay

A Partnership Firm engaged in coaching work at Delhi and has to pay a sum of Rs.200000/- (Two Lacs Only) to a Nepal Resident who provided professional services in India. What is a tax liability of Indian Partnership firm.


Vipin Kumar
Haryana

Can normal Pvt ltd be formed for trading of shares & securities, F&O, MCX, Currency,etc as a main business object ?

Also Both Directors & Shareholders are POI but Foreign Resident staying in Singapore.

Please guide what permission must be obtained to incorporate the Pvt Ltd in india at Indian address ?

My Client Needs Projected Financial Statements for 3 years. Because he applied for Bank OD facility of Rs.1 crore. Here I disclose the Bank OD of Rs.1 crore as Current liabilities under liability side of balance sheet.
My query is how to tally the 1 crore against the asset side?

Dear sir,
The interest earned on Kisan Vikas Patra, if not included on accrual basis year wise in the ITRs every year, be shown as lumpsum in the year of maturity? How to deal with such incomes? Pleas clarify.
Regards.
K. Chandrasekhar

Hello. I'm supposed to give my final exams in the Nov 2020 attempt but due to country wide lockdown and shortage of time I won't be able to complete coaching for all papers and even after that i won't have sufficient time for self study. Moreover I'm preparing for both groups. Hence I wanted to know whether there will be a lot of changes in both the tax papers if I go for the may 2021 attempt? And will the Direct tax code be applicable then?

A Company was incorporated in July 2019 but the Bank account was opened and share money was deposited in April 2020. Whether INC 20A can be filed. What are the consequences?