A Private Educational Society is undertaking Improvement of its Land parcel adjacent to its Institution by constructing approach road ,Boundary wall etc.It has incurred an Expenditure of roughly around 3 lakhs on each Raw material like Cement,Sand etc,
Will TDS @2% under Sec 51 of CGST Act be applicable on payments to suppliers of Raw material?

Hi sir. We are facing a typical case in statement received from contractor on utilisation of mobilisation advance. Client has provided interest free MA to Contractor for the costs of mobilisation of resources.
The WO was given in Sept 2019 and MA was released in stages in Oct 2019 and Aug 2020. However, the works were delayed due to COVID pandemic, plot handover by Client etc. The works commenced in Jul'20 post receipt of all clearances and contractor started receiving payment for work done through RA Bills from Nov'20 onwards.
Now, contractor was asked to submit a detailed utilisation statement of MA released by Client. In the MA utilisation statement submitted by contractor, (i) the salary of staffs during COVID (ii) a fixed amount for each month as HO overhead from Apr-20 to till date (iii) The premium paid on mobilisation BG / CAR policy etc.
Can the salary, HO overhead , premiums as claimed by Agency can be considered as a part of the MA utilisation statement?

1. A society took registration under society act in May 2020 and collected, normal donations to the tune of 9 lakh and donation for fixed assets of 5 lakh i.e they where operating in F.Y 2020-21.
2. Society took Provisional registration under 12AB of income tax act in May 2021 with applicability from A.Y 2021-22 to A.Y 2023-24.
3. Society has not taken final registration till now.
Queries Being
1. Can we use provisional registration to claim exemption under section 11 & 12 for F.Y 2020-21.?
2. If no to question 1, will donation for fixed asset become a revenue item or can it be set off against Fixed asset?
3. If no to question 1, will the society be taxed as a aop with slab rate or aop under mmr?

Company has paid Incentives in addition to Salary and deducted TDS U/s 192 and for Incentives U/s 194 . Please let me know Under what Head incentives are to be disclosed. Is it under head salary or under the Head Business and profession

Further is is ok if in the part of the year he was paid as Remuniration and later on change it to Incemtives . He is full time working director

We have a dealer (to whom we used to sell goods) who was earlier registered in Delhi but his registration got canceled due to some reasons, we live in another state and we have to pick up our goods from that dealer whose cost is approx 40 lakhs, mine the question is- how and through which documents do we get these goods back?? Please reply in brief. Thank in advance.

company registered in 2010 in companies act and the company cross the limit of 20 employee in 2014 but not registered in the PF and in 2020 in november they are registering for the PF so the ex employee can claim there PF or any provision under this case?

Please provide me project report ( Excel ) for flour mill

Sir,
It assessee rent paid to father rs:10,000/- p.m. *12 months total rs:1,20,000/-but assessee same amounts cash gift from father rs:10,000/- p.m. *12 months total rs:1,20,000/- received.
Question:
1Assessess rent paid account rs:1,20,000/- amount business expenses claim allowed
2.cash gift from father rs:10,000 /-*12 months credited every month by capital account accepted in it.

Dear Peers, Pranam!
My Hearty Happy New Year Wishes!

I have been invested approximately one lakh rupees in "LANCO Infratech Co. Ltd" in 2018 September and unfortunately the Shares been delisted from both NSE and BSE later in the same month. My purchase was Rs. 5.00 and at the last traded price was forty two paise only (Rs.0.42).
The same experienced in the case of LEEL Electricals (Former Lloyd Electrcal) the share price have been jumped down from the level of Rs.40 to around two rupees (Rs.2.50) then been delisted.
I have invested around twentyfour thousands rupees in LEEL.
Both the companies shares not been trading in the BSE or NSE at present.

So the last traded holding price are :
LANCO infra 20,000 x Rs.0.42 = Rs.8400/- (buoght price 20000x Rs.5 = 1 lakh )
LEEL Elect 600 x Rs.2.50 = Rs.1500/- (buoght price 600x Rs.40 = 24000/- )
So whether I could incorporate my investment amount of Rs.1.24 lakhs by showing against the last traded price to 8400+ 1500 = Rs.9900/-
I mean whether I could incorporate in my ITR a loss of 124000 - 9900 = 114100/- (A loss of one lakh fourteen thousands one hundred rupees only)

Anticipating your response,
Thanking you,
gk

I am a CA final student..... (Old Syllabus)

Conversion from Old to New will be automatic or i have to do it manual from self service portal by paying fees?

Thank you