Dear Experts,
TDS should be deducted during provision entry. For example, ABC Ltd booked the provision of audit fees for March 2022 Rs.100000.00 and the invoice received on 10th Apr 2022 Rs. 118000.00 including GST .
My question is
1) Should the company deduct TDS @10% of Rs. 10000.00 at the time of Provision entry.
2) if not booked TDS during provision entry then they can deduct TDS when invoice booking.
Kindly suggest me.

Sir,
A small business person rs:6 lacs cc loan required from bank.if bank manager asked project p&l and balance sheet for 2023 and 2024 and udyog aadhar registered certificate document required for bank loan purpose.
Question:
1.projected p & l and balance sheet for 2023 and 2024 how much sales turnover declared for 6 lacs loan.
2.udyog aadhar registered compulsory for bank loan purpose.

Hi,

If service is export of services and turnover is within registration limit of 20 lakhs , then GST registration is compulsory?

There is confusion because of below :

- Notification No. 10/2017 – Integrated Tax dated 13/10/2017 specifically exempts GST registration for inter state supplies of taxable services if turnover below 20 lakhs (since export is inter state supplies)

- FAQ published by government dated 22/12/2017 says it is compulsory to register for GST even if below threshold limit of 20 lakhs

Regards,

M/s.CMA CGM of France has been granted 100% DIT relief on Imcome earned in operation vessel 23 vessel in the internation traffic. However, if the vessel carrying the cargo is not in the list of 23 vessel for which DIT is granted, is the DIT relief applicable or can I deduct the tax.

Assessee is co operative society. In the year 2010-11 society has purchased KVP (kisan vikas patra) from Co-operative Bank out of its surplus balance, now at the time of maturity interest earned on KVP is mentioned in the Income from other sources head and claimed deduction u/s 80P. But CPC didn't allow the deduction u/s 80P to the income offered in IFOS.

Is the interest income from kvp obtained from Co-operative Bank is taxable or allow as deduction u/s 80P? Please help to resolve the query with any supporting judgement if any.

Thank you

Client applied for gst registration in F.Y.17-18 through gst suvidha kendra but was unaware that the registration was done under composition scheme.. he started his business assuming regular registration and charged 18% gst on sales and taking itc credit. he came to know about it while filing returns later on when the registration got converted to regular due to turnover going above 1 cr.
he has now received a notice for the same with 100% interest and penalty as a result of ineligible itc taken.
what are the options available to him? any mode of relief?

Receivable /Accrued/Due-
payable/Due /Accrued

what is in depreciation chart.
Addition,
Deletion/Disposal,
Accumulated Depreciation,
salvaged value,
Gross Block and
Net Block.

What is the applicability of TDS on payment to a actor/other person on behalf of inaugural function.

Four Individuals name A, B, C, D are joint owner of some piece of land and out of them two i.e. A and B wanted to make partnership firm in the name of AB Associates and carried plotting business in that land.

1.) Can all four A,B,C,D enter in a joint development agreement with the partnership firm AB Associates and give rights to development of the land and sale plot to probable buyers?

2.) If answer to above questions is affirmative, then when will capital gain be taxable in the hands of A,B,C and D?

3.) Can A,B,C,D take benefit of sections 54, 54F etc to save capital gain tax?

4.) Taxability in the hand of partnership firm AB Associates? What will be the cost for AB Associates?