Dear All,

Can you please share the Indian GL code for below expenses

Singapore GL -Description INDIA GL Account
048000 Low-Value Assets - Cost
048010 Low-Value Assets - Depn
141000 Group company receivables
147000 Receivables I/C
154000 Other Receivables - 3rd party
154200 Deposits Receivable
154201 Deposits Receivable > 1 Year
154400 Employee Receivables
126060 State Bank of India A/C XXXX - INR
126061 State Bank of India A/C XXXX - INR
098000 Deferred Charge & Prepaid Exp
161000 Amounts Payable to Group Companies 1 year
097400 Provision for Remaining Holiday
097600 Provision for Year-End Costs (Ext)
097800 Provision for Outstanding Invoices
097850 Provision for Outstanding Invoices I/C
97250N Provision for restoration obligations
081000 Subscribed Capital
082000 Retained Earnings
273500 Income from Provision Release
437607 Licence EDV Software I/C
496000 Bank charges and Other Payment Costs
498003 ENTERTAINMENT EXPENSES - DEDUCTIBLE
265000 Interest Income - Banks
220000 Corporation Tax
220099 Corporation Tax - Accrual

Regards

Hello,
My client ( Unregistered under gst) provides cleaning services via urban clap.
He has turnover under 20 Lakh.
Can he get refund of GST for the TCS deducted by Urban clap if he has not provided any services except urban clap?
And can he claim refund of gst tcs already collected before he takes registration.?
Thanks

If party deduct TDS late and same shown after 31 dec. In 26as then in ITR U can we claim TDS next year by carrying forward the same?

What are the implications if, due to certain situations, ITC is being temporarily reversed and the same is kept therein without being permanently reversed or reclaimed lateron ??

What is GST Rate on construction service for non affordable residential apartments in own land ? Is land value should included in construction value for gst calculation?

Hi,
I am in need of the TR 6 Challan for custom duty payment. Could anyone please share it in an editable format such as Excel or Word?

Thank you in advance!

One of the Trust/society wants to surrender its 12A registration and 80G registration due to no work.
It is filing regular ITR-7 from last several years.

is there any option under the Act to voluntarily surrender the registration so that no ITR needs to filed ?

I have invested in few mutual funds 17 years back through a broker who is not in touch after that. Will I be charged the exit load if I switch my mfs in the same fund houses from regular to direct investments?
Please suggest any way out where I save my maximum amount if I want to redeem these mfs, without losing my money in brokerage as the broker was of no use.
Also please suggest the way to invest this amount to maximise the return.
Thanks in anticipation...

A person (X) enters into a contract with a company (Y) to supply labor for executing a specific work. X is obligated to provide the required labor but does not supervise or control their work. The company (Y), as the principal employer, directly pays wages to the laborers to ensure compliance with labor laws (such as timely payment, EPF deductions, etc.). X is paid separately as a percentage of the labor supplied. Given that:

1. X does not act as an agent of Y but has an obligation to supply labor for a specific work.


2. The wages are paid directly to laborers, not routed through X.


3. X receives a fixed percentage payment based on the labor supplied.



Would the payment to X attract TDS under Section 194C (supply of labour for carrying out work) or Section 194H (commission/agent)? Additionally, should TDS under 194C be deducted on the wages paid directly to laborers?

Respected Sir(s)/Madam/(s)
I have received salary arrears of Rs.1 lac in Current FY 2024-25 (Rs. 60000 Pertaining to FY 2023-24 & Remaining of Rs. 40000 Pertaining to Current FY 2024-25).
I have filed IT RETURN of FY 2023-24 in Old Tax Regime but now can i change new regime (Or vice-versa) of FY 2023-24, while calculating the arrears as per section 89 In Form 10-E ?