TDS deducted on short and excess provision , will be any consequences for short deduction of TDS.

PROVISION FOR AUDIT FEES ON 31ST MARCH RS. 60K, From XYZ Co.
(1)Whether below entry made are correct
On 31st March entry made
Audit fee A/c Dr.Rs. 60,000
To Provision for Audit fees Rs.54,000
To TDS on Professional Rs. 6,000
On receipt of invoice
Provision for Audit fees Rs. 54,000
To XYZ Co. 54,000
(2) if provision made 60,000 on 31st march but bills received 50,000
what entry should be passed after receiving invoice
(3) if provision made 60,000 on 31st march but bills received 70,000
what entry should be passed after receiving invoice.
Please reply.

In west bengal, I've two situation for P Tax.
I. As an individual he pays P Tax of Rs. 2500/- p.a. and also receive salary from another co. without deducted P Tax (let say his salary is above 40K p.m). Is the co. liabile to show that employee's salary in P Tax return?
II. A director is receives salary from a co. let say he receive salary 15k-25k. What will be deducted ptax for the director? Rs. 150/- or Rs. 200/-?

Dear Sir/Madam,

I request to you please guide regarding share transfer from Pvt. ltd. company from NRI (Foreigner) to NRI (Indian)
What is process?
Need to inform to RBI and any other department?

please guide

thanking you in advance

Regards
Rajnish

Namasttee Sir,
Sir, I am Sole propritor of Travels Agency purchase mobile phone and smart watch in name of my firm with GSTIN. Sir can i claim for ITC of mobile no and samrt phone for 1 Qtr (April 22 to June 22).. Sir please guide me in this matter

Hello:

A Partnership Firm is constituted - Sole Objective – Investments & Trading in Stock Exchange Listed Equity and Debt Instruments. Trading using Derivatives (Futures & Options)

Every Partner Contributes Rs 5 Lakh.

Income of the Firm will be from LTCG, STCG, Dividend, Interest on Government Securities and Profit from Futures / Options Trading.

1. Can Simple Interest at rate of 12% be Paid to Partner's Capital from the above sources of Profit every year and claimed as deduction in Firm's account ?

Thanks.

missed filling my ITR -4 for the AY 2021-22, is it possible to file now? guide me plz.

1. Is sole proprietorship a transferable entity in VAT ?
2. Can TIN no. of a person be transferred to another person in sole proprietorship transfer in VAT or new TIN no. needs to be applied for ?
3. What is the procedure of sole proprietorship transfer in VAT ?
4. What is VAT amendment rules for transfer of Sole proprietorship transfer ?

Dear Sir,
I had deposited GST of Rs.23,186/- while filling GSTR-9, now I want to know that in which accounting head should I book this amount in my books of account??
Thanks in advance

Hey All, I have a query that I didn't paid the education loan that I used in 2010. Now I have 2 Pancards. I issued another Pan card through Voter Id to issue my loan and paying it continously and my cibil score is good now. The issue is the first pancard which I linked with AAdhar card is now required to be linked as per new guidelines. But I'm not using the 1st Pancard. Can any one suggest what I need to do? I want to continue my second pancard and want to settle everything. I need a proper guidance for this.