Original return filed with wrong salary amount.This has resulted in tds credit not given and 143(1) intimation received with tax demand. Now when we try to file rectifcation by correcting the correct salary, return is not getting submitted because of the following error " gross income not asper original return".

How to proceed

Hi,

Can anybody help me on this.

As we know the TDS rates from 14-5-2020 is been changed. So I want to know the PAN status Proprietorship/Firm also considered as Individual or other than individual/ HUF and TDS will be 1.5 instead 2%.

Dear All
Our company is selling products online from our self online portal. We record sales when items delivered to customer. Suppose goods are dispatched on day 1 and delivered on day 5 then we make sales entry on day 5. My question is how we adjust stock on day 1 at the time of dispatching the order in tally bcz sales is recorded on day 5. Please reply.

I have this Doubt and searched in google, before the registration if I collect the GST, how can I pay that amount, moreover what will be the Consequences. if I need to file now.

I Need this information very urgently.

Thanks in Advance.

Dear Experts,
Mr. A purchased the goods from Mr . B of value say 1 Lakh, also Mr. B purchased the goods from Mr. A value say 50000/- hence balance Rs. 50000/- paid to Mr. A by Mr. B,

However rule 37 of CGST rule 2017 state that consideration has to be paid within the 180 days,

Pls clarify is it fair practice to adjust balance against such purchases' will it be legally stand during assessment procceding,

Thanks & Regards
Nikhil sharma

Dear Sir

my client is running jelly crusher machine,[ Manufacturing ] the rate of sale of jelly is 5%. Our purchase is all urd purchase. we have a lorry used for supply of material for purchase and sales. We made repairs and maintenance charges for machinery every year around 10 lack [ spare parts of machinery ] and vehicle repairs and maintenance around 5 lack rupees. can we take input tax credit on repairs and maintenance or not. our auditor said that you are not taking input tax on 01.02.2018 onward please suggest sir

he made repairs and maintenance charges for machinery can he take input tax credit or not. our auditor is saying you are not taking input tax credit on repairs and maintenance

We want to make tool invoice to overseas customer, but physical movement of tool will not happen. we reimburse the cost of tool from overseas customer. we will be received the payment through foreign currency.

Wheather, GST has applicable for this transaction or will show as zero rated supply.

If GST is applicable, wheather will pay CGST & SGST or IGST

Dear sir /madam,
I started proprietorship concern in sep 19. I have maintaining my accounts transaction in tally. I already have a balance in my savings account of RS 140000.00 in Aug 31 . My doubt is shall I consider this amount as capital account or else. I cannot make the opening balance. Please suggest me sir

My friend is a P.F and E.S.I consultant. He is practicing in P.F and ESI for many industries. The Clients have been deposited the Statutory dues to my friend's bank account and he paid them through his bank account on behalf of them.
At the end of year my friend's bank transactions crosses Rupees Two Crore (Rs.2 crore). But his actual income for the year is Rs.4,50,000. My query is how to disclose his income for tax filing? If I disclose only Rs.4,50,000, will he receive any notice from I.T dept for his bank transactions?
please clear my query

Sir/Ma'am
I live in ghaziabad uttar pradesh . I invested in a pvt ltd company in may 2019 based in Tamil nadu as a shareholder having 49% equity in that company. I have all the documents of two directors who are husband and wife having 51% equity and both are directors . At the time of getting share certificate for the same , He also gave me well endorsed (signed and stamped with company ) cheque (post dated to may 2020) worth total sum i paid against shares. As time went on,
I as a shareholder kept askign him on monthly basis about what and hows business going on? but he didn't respond me satisfactorily. Later he himself told me to get separated on good note from company , I suddenly agreed without thinking . As per our shareholder agreement (If either of the shareholders desire at any time to sell the whole or part of their shares of the company, the share holder first offer such shares in writing to other shareholder . If other party does not accepting within 90 DAYS , then first party will be at the liberty to sell the shares to any other person at the same price and the same conditions) and also stated in agreement( Shareholder will be entitled to interest at the rate of 18% per annum on the sums brought in by him or his associates/concerns/businesses) .He told me he would forward the refund request to his CA. I sent him mail regarding refund and after 90 days approx, i asked him about refund , he said he is searching for another investor , I was unable to understand what happened to request made to CA by him , why should i suffer? if he is not able to find another investor, He didn't conducted any AGM and even not provided me audit report .Still i gave him some more time BUT as time progressed, he stopped responding . I used to interact over whatsapp and sometimes email .He is also not responding over repeated email/whatsapp from my side. The final thing is that I have with me , the cheque dated 5 may 2020(3 months validity) , share certificate and company docs, id proofs of owner, passport copy .

Q- He also issued me SECURITY CHEQUE with same amount i paid subscribing equity shares. CAN I GO TO BANK TO ENCASH THE CHEQUE IF CEO / DIRECTORS NOT RESPONDING TO GET MY INVESTED MONEY BACK.

Q - AS i have only 2 months remaining to use cheque. What should i Do?

Q- Can company sue me under COMPANIES ACT 2013 on ANY grounds merely for using SECURITY CHEQUE.( AS company) ITSELF NOT RESPONDING ME

Q- Is MCA investor service effective for startup company

Q- As a new and beginner investor ,,,,what should i do get money back without getting into much legality

Q- what proper should i go for?