Dear Expert,
How can we pass Late interset tds journal entry

Dear Expert,

We are paying tds for godown rent an deducted @1% but we deduct it instead of 2 %
and the balance 1% we have refund it to customer

Can you please advise me how can we pass the journal entry to tally the tds and customer account

?

OUR COMPANY EMPLOYEE OFTENLY GOES TO ABROAD COUNTRY
AND WE PURCHASES FOREIGN CURRENCY.

CAN IN ABOVE CASE SELLER COLLECT TCS FROM BUYER -UNDER LRS SCHEME U/S 206c ( IG) (a) ( FOREIGN REMITTANCE THROUGH LIBERALISED REMITTANCE SCHEME

REGARDS
RAJKUMAR GUTTI

we are planning to launch a scheme based on sales volume where dealer gets gift based on their sales volume, we are able to take ITC on the gift purchased for particular scheme?

Please clarify whether in the following situation, GST registration is attracted.
Kindly tell the reasons for my understanding.

In a year, an individual receives Rent from let out of commercial property Rs.10 Lakhs
He also receives Interest on Loans of Rs.15 Lakhs,
Partner's remuneration from firms Rs.10 Lakhs and
Interest on Partner's capital from firms Rs.5 Lakhs.
Total Receipt in a year Rs.40 Lakhs

Thanks & Regards
Maheswaran.N

Mr A sold property to Mr c and received certain amount as sale consideration. After the sale Ms D who is daughter of Mr A approached Mr c that even she needs her share in the property sale and Mr c settled her with Rs 5lacs as off the court settlement. Guide regarding taxability or not of Rs 5lakhs in the hands of MS D. ( Note in sale agreement she is not a party )

If goods are supplied in SAME TRUCK (transpoter is Unregister in Gst Act), SAME DATE and SAME PARTY whether e-way bill would have to be generated even if value of each invoice individually is less than the threshold limit of Rs.50,000/- but overall it crosses Rs.50,000/- (Suppose Mr A. Create Bill to Mr. B in 04 invoice i.e. value rs. 25000, Rs. 30000.00, rs. 10000.00 , rs. 20000.00 receptively in same date)

Hello

A person has invested Rs 14,00,000 in poker and Received Rs 14,50,000. TDS was deducted on full amount of Rs 14,50,000. When ITR will be filed his income is 1450000 (Full amount received) or 50000 (Net Income) ??.

Under which head this Income should be shown. Which ITR Form will be filed?

Please Reply
Thank You

One of my friend filled his ITR Fy 2018-19 as commission agent against sale of fruits....but know has got intimation of defective return..... Same type of ITR were filled for Fy 2017-18 and was under scrutiny and demand raised as it's impossible to prove commission agent due to lack of proper documentations.


Now for Fy 2018-19 there is about 1crore 87 lakh cash deposit in Bank ac(full business is on cash)

What if I got the account audited by showing same profit

GSTIN GOT CANCELLED ON 21.11.2019 AND IT HAS BEEN REVOCKED BY DEPARTMENT ON 21.02.2020 , SO FROM 21.11.2019 TO 21.02.2020 DO WE NEED TO FILE RETURN AND ALSO CAN WE RAISE SALES BILLS FOR THAT GAP PERIOD AND ALSO CLAIM GST INPUT FOR THE THAT PERIOD

PLEASE CLARIFY ON THIS.
THANKS