We have made payments to a party on which TDS was to be deducted @ 10%. TDS was not deducted and full payment was made to the party since April, 2017 to August, 2017.How will we calculate interest on late deduction and late payment if payment was made on 17th April, 2017 and TDS deducted on 12th September, 2017 and the payment of TDS also made in September, 2017. Also explain whether interest on late payment will be calculated from the date of deduction that is September,2017 or from the date the TDS was required to be paid that is 07th May, 2017.
Pls clarify the above
Thanks & Regards

While I am preparing P&L, Balance Sheet. i have one doubt. Whether Sales and Purchase value includes Vat/cst/Gst amount also or only Gross value of that Purchase or sales?

Sir,
It is mandatory to make bill partywise against rcm basis. I taken service of professional worth Rs. 5000/- & also paid against office rent Rs. 6000, purchase from urd worth rs. 4500 on same day. Then how many bill will make , total 1 bill or 3 bill ?

Hello,

I work for a Trading company, we have taken CC limits from the banks @ 12.00% 3 years ago.

I have a query : when the interest rates on Home Loan and subsequently on savings account & FD's have been slashed by the government. Is there not reduction in the rates on borrowing funds by way of LAP, CC Limits and other loans.

Dear Sir/Madam,

What is the due date for GST Payment for the month of Aug 2017 ?

When to deduct and pay TDS under section 194IB?
We pay rent of 1 lakh per month on monthly basis. Do we have to deduct tax on each payment or at the payment of rent of month of March 2018?

Section 194 IB(2)
2. The income-tax referred to in sub-section (1) shall be deducted on such income at the time of credit of rent, for the last month of the previous year or the last month of tenancy, if the property is vacated during the year, as the case may be, to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier.

At the time of payment "Thereof" what does this symbolises? It is indicating last month of previous year?

Dear sir,

Due dates for GSTR1/2/3 have been extended for July and august. However due date for 3B - August month remains to be 20th September? If yes, tax payment needs to be done before 20th September?

Please advice

Regards,

sir,

A Man power supplier given bill for ESI & PF for Employer share with GST. Gst Applicable on ESI and PF, which he provide the service.

Basic Amount = 86,213
Service Charges of Service = 6,897
EPF Charges on Basic 13.15% = 11,337
ESI 3% on basic = 2,586
Total : 1,07,033/-
Service person bill given GST on Total Amount (1,07,033 X 18%=19,226)

As per My Knowledge( 86,213+6,897)=93,110 X 18%=16,760

Please Advise which one is right.

Hello Experts,

I have filed ITR 1 for A.Y 2017-18 , having income from :

1 ) Professional service (194 J - with proper tds deduction), as a retainer in company after retirement, = Shown as other source income in ITR 1
2 ) Interest from FD, S.B a/c, IT ref Int (194 A -with proper tds deduction) = Shown as other source income in ITR 1

Is it Ok ?
Or I have to do rectification request because return filed after due date.

Please Help ...

Hi All,

Can any one share how to obtain trade mark for proprietor business.