Dear Expert !
My Pvt Ltd is registered in the moth of Aug. 2021 and so far no business activity has been started . Pl let me know which forms to be filled half yearly ending 30.09.2021

Fees Paid to Architect Rs.20,00,000 with Construction and Material is this exp. book capitalized or TDS applicable 194J 10% OR work contract 194C 2%

I want to Invest in Mutual Fund for my Minor Son, please suggest if I can Invest under the following conditions.

1. Payment would be Given from my minor son's Bank Account
2. I ( His Father ) will be the first Holder and my Son will be the Nominee

As my son is a minor his books of accounts will be merged with my books therefore in whose books will I show the Mutual Fund Entry, my minor son or mine.

Secondly since the payment is made from my sons books and I his father being the first holder ( as a Guardian ), entry cannot be shown in my books as payment is not been made from my bank.
Secondly I cannot show in my sons books even though payment is made from his bank as the First holder is myself ( his Father ) and my PAN number would be given

Supposing
If I show the purchase entry in my minor sons books when Redemption will happen Long Term will reflect in my account as my PAN number is given, and I cannot calculate LTCG as there are no purchase shown in my books but purchase entry is shown in my minor sons books. So there cannot be Two LTCG, my sons as purchase entry is shown in his books and my books as PAN number for purchasing MF is linked with my name.

Secondly
If I show the purchase entry in my books, but payment is made from my minor sons bank account, and when redemption will happen then all the proceeds would go into my minor sons account as his details are given. Then problem is that if there are no purchase of MF then how the redemption proceeds he has received in his bank.
If I give my bank details for redemption , but payment is made from my minor sons bank, then how will I show for what this payment is made.

My question is how do I make the MF Purchase If
1. Payment is made from my sons Bank Account
2. I ( his Father ) is the First Holder as Guardian
3. My son is a Nominee
4. In whose books I show the Entry.


I hope I am clear with my query.

Sir/Mam,

When I filed sept GSTR1 in Oct month One invoice details not entered, Now I am filing GSTR1 Table 4, oct Month How to show details of Invoice sept.

Kindly explain where i show this invoice details In amendment column or this month regular invoice.

Thanking you,

Hi
Hi

I would like to consult
an experienced cost accountant to learn how mfg journal entries are recorded in tally software. Application of standard rate for overhead and passing entries for over or under applied overhead. I know that overhead variation report features not available in tally.in that case we can use excel and record the difference in tally Will pay for the consultation time.please contact

Dear Sir/Madam

My query is about TDS on Rent , I know the threshold limit is 240000, but
in our case amount exceeded to 324000 in current fiscal year 2021-22 up to October
hence TDS @10% would be apply on 84000 or entire amount.

Hi All

One of my clients has forgot to disclose 1 sales bill belonging FY 20-21. Now he wants to disclose the sales and liability on the same in the month of Sep -21. He also has sufficient credit available throughout the year.
Whether interest will be applicable on the GST liability amount?

Thanks in advance.

Is BIS Expense Direct or Indirect Expense ?

Kindly confirm with explanation

Respected Sirs,

What are the loopholes of this section ?

A private limited company was liable to appoint full time company secretary since year 2015, but it failed to do required appointment of CS and so company was not allowed to file INC-22A
1) Can company appoint CS in current year 2021 ?
2) Can it file INC-22A after appointment of CS in current year 2021 ?

Please advise ..............................