One Company has made a payable entry for Director remuneration and not paid the same.
1.Is it necessary to deduct TDS on the payable entry made for Director's remuneration
2.Is it necessary to pay tax on such Director's remuneration by the director which is not actually paid?

We have partnership firm and partnership property all the 97.5% partner's are ready to draft new deed but one of the partner not coming to firm and receiving phone so what is the way that we expell him from partnership firm and property

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We have partnership firm and partnership property all the 97.5% partner's are ready to draft new deed but one of the partner not coming to firm and receiving phone so what is the way that we expell him from partnership firm and property

Read more at: https://www.caclubindia.com/profile.asp?member_id=164430

We are partnership firm doing business of retailing and registered in GST, we invest our surplus capital in mutual fund liquid funds and earn interest / income from the same.
Is their any GST liability on income earned through above mentioned liquid fund. Please let me know under which clause is this income exempt. (If its exempt) or what is GST liability on it.(in any)

Dear Sir, kindly help clarify on below point.

I am registered as a trader under GST.

I can buy an electric scooter from manufacturer without battery under HSN 8711 6020
and with battery under HSN 8711 9091

if i buy with battery and sell to customer with battery, the process is simply trading and OK

BUT
if i purchase scooter without battery from supplier. (GST 5%)
buy battery from a different supplier (GST 28%)

Can I SELL to end customer scooter with battery (together) (GST 5%)

will it come as trading or manufacturing or something else.......
more so coz GST rate difference is there in input and output for me as battery input GST i will claim at 28% but output sale of composite (scooter+battery) will be at 5%...

Dear Sir

I wish to know whether its allowed to run 2 separate business under same name and same GST no or do we need separate GST no for both type of business

Hello All,

We a Partnership company have converted into a Public Ltd Company in July 2019 and the commencement Certificate was received in Sept 2019.

Is there any date like the incorporation or Commencement date when should we transfer accounts to the new company as we are still continuing with business (Billing and booking Exps. etc) in the Partnership Firm.

And what is the solution for the mistake done due to ignorance.

A company has sold some assets and also disposed off some assets. The block is still there.

While calculating depreciation as per income tax, in the case of sold assets - the realisation value is deducted from the block.

What would be done in the case of disposed off assets?

Dear Experts,
I have a query. An assessee has sold a property during the AY 2016-17 say 2 Crores and filed his Returns Claiming Exemption u/s 54 for investment in House Property for 1.60 C which was estimated at that time for Filing purpose but haven't incurred in that period .. The case was picked for Scrutiny and the Income tax Officer had asked for the Proof of the amount claimed as Exemption and the bills later year dated 2016 and 2017 was produced. The Assessing Officer says he would disallow the cost as it hadn't been incurred during the said Assessment Year. Is his Stand Correct?

Does FEMA act applies on pvt. ltd co. having foreign contribution ...in case of transfer of shares ?