CA Sudeep Singh
17 May 2021 at 04:30

GST on charges by the banks

If an assessee isn't allowed to take itc on gst paid on bank charges, then, whether the assessee is allowed to charge full amount (bank charges plus gst paid there on) to P&L A/c?


Sumit Agarwal

I am a CA with 10+ Years PQE, I want to share my knowledge by answering the queries raised in this platform. I applied for expert but it is pending from long.


dilip phatak
16 May 2021 at 10:34

S. Gold Bonds

Sinrji,
I am applying for Sovereign Gold Bonds. Can I nominate my NRI daughter. She leaves in UK and now became resident of UK.
DILIP


Guest

Hello All
i have paid TDS using form26qb through online mode of payment. However during details entered in bank website i have enter the amount under fee section instead of tax section. Later in tin-nsdl faq i found that as per website 'The TDS amount as per Form 26QB should be entered in the field 'Basic Tax' (Income Tax) on the Bank's web-portal as TDS certificate (Form 16B) will be based on 'Basic Tax' (Income Tax) only.' Will that cause as issue in my case if Yes what is procedure to recitfy it?
Need Urgent Help Please.
Thank you


R Hiremath
15 May 2021 at 18:39

Regarding revision of ITR

Hello Everyone ITR has been filed under ITR 4 in presumptive basis but Intimation received U/s 139(9) by saying to prepare P&L & BS. But he has revised his return but he has not considered 1 TDS amount while revising. My query can I revise ITR second time ? Because ITR filed & revised but, not considered one of the TDS in 26as while filing.


Pragna Marfatia

I have credit of (current ITC and Ledger + cash credit) as given below:

IGST - 4500
CGST - 900
SGST - 5800

I have to pay tax liability, say as given below:
IGST - 10000
CGST - 1500
SGST - 1500

So as per new set off rule,
IGST liability of 10000, to be set off using ITC of 4500 of IGST+900 of CGST+4600 of SGST

Then my credit will be only for SGST - Rs. 1200

So I need to pay tax as CGST - Rs. 1500, SGST as Rs. 300 (1500-1200).

I will be greatful if you can guide as to this understanding is correct.

Regards,


Sagar Panchal

Dear Sir,
The return is filed with no books of accounts case, in ITR 3, as per profit/ gross total income books of accounts are applicable, but assesse has not maintained books of accounts, in such case I am revising returns with books of accounts,
may in future in any notice income tax department ask for books of accounts?


Nitesh kumar
15 May 2021 at 17:00

Address error in company

I applied for a company incorporation in in which a minor error occurred in registered address. My village name is "Ujirhati" but unfortunately wrongly I entered "Urirhati".
Will there any serious problem due to this?


Avni
15 May 2021 at 15:04

MCA forms certification by CA

Dear Team,

I am practicing CA & need to certify MCA form.(CSR-1). What should we put in form at the place mentioned as Certificate of practice number?

I have also registered my DSC on MCA website as practicing professional but while pre scrutiny of form , error occurs as details of practicing professional not valid. Kindly enter valid membership number/ certificate of practice number.

Please help.


Vijay Mishra
15 May 2021 at 14:38

TCS - 206 1(H)

Hi Sir / Ma'am,

Today is the last day for return of TCS. But our office is closed and we can not access the software from home. Has government extended the date yet ? Else what we are supposed to do ?

Regards / Vijay





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