AS THERE WAS THE PROVISION FOR INSTALLATION OF PACKING MACHINE FOR UNMANUFACTURED TOBACCO CH.24011090 BRANDED. PACKING MACHINE IS ALLOWED AS THIS PRODUCT COMES IN GST AN D COMPENSATION CESS. NEED TO FILE ER 1 RETURN IN EXCISE MONTHLY.

Sir, I took VRS from BSNL on 31-01-2020. I was appointed in the Department of Telecom 0n 28-05-1983 and got absorbed into BSNL, a PSU on 01-10-2000. My accumulated Earned leave was 150 days as on 30-09-2000. After my Voluntary retirement BSNL paid Leave salary encahsment for 300 days ( 150 days of DOT period + 150 days of BSNL period accumulated leave). And while making the leave encashment payment BSNL allowed exemption for the DOT period leave accumulated and Rs.3 Lakh was exempted against leave salary paid for BSNL period and for balance IT recovered. My question is that whether the DOT period leave encashment is fully exempt from IT. Some of my retired colleagues have started getting notices from IT Department to pay for the DOT period leave salary. Is this correct ? If DOT period leave is exempted from IT please send me a copy of such order.

Thanking you

Hello experts,
In case of systematically important non deposit company......

General provision of 0.35℅ of outstanding standard asset is made...

But is there any amendment applicable for jan 21 exam in percentage from 0.35℅ to 0.40℅.

On standard asset in case of systematically important non deposit company?

Which ℅ is applicable here 0.35 or 0.40℅ ???????

GuiDe me as soon as possible.
Thank you

As per income tax act agricultural income’ under section 2(1A) provides that the following shall constitute agricultural income:
(i) any rent or revenue derived from land which is situated in India and is used for agricultural purposes [Section 2(1A)(a)]
(ii) any income derived from such land by agricultural operation including processing and sale of the agricultural produce as rent-in-kind so as to render it fit for the market [Section 2(1A)(b)],
(iii) income derived from building or land used for agricultural operation, in certain cases. [Section 2(1A)(c)]

So if any income is derived by way of renting harvesting machine is taxable or not. If yes, then why can't it be exempt under ii point of above definition. Because it cannot become marketable unless it's harvested.

Thank you

My company has purchased 100 pcs Diary & send to printing press for printing the Company name & address on the Diary.
Printing press charge of Rs 52000/-.
Please inform me TDS is applicable or not.
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My company has purchased the AIR TICKET from Travel Agent for Rs 35000/-
Travel Agent charge of Rs 3500/-

Please inform me TDS is applicable or not.

Sir,
A partnership firm cash loan received from one of a partner Rs:10 lacs.this amount unsecured loan from partner name transactions treatment in firm books.
Question:
A partnership firm above rs:10 lacs unsecured loan amount on interest and Tds deducted compulsory in I.t. act.

Under which accounting head ledger for Discount/ rate difference ledger should be created used for both credit note issued & credit note received as well as debit note issued & debit note recieved

Two Partners A & B Profit Sharing Ration 50%- 50%
Rate at interest 12%

A Capital Bought IN 600000/- Withdrawal 80500/-

1.5.19 Capital Bought-150000/-
5.6.19 Capital Bought-100000/-
16.6.19 Withdrawal- 7500/-
19.7.19 Withdrawal- 7500/-
1.8.19 Capatila Bough- 50000/-
15.8.19 withdrawal- 7500/-
15.9.19 withdrawal- 7500/-
15.9.19 Capital Bough- 50000/-
15.10.19 Withdrawal- 7500/-
10.11.19Capital Bough-50000/-
12.11.19withdrawal -7500/-
1.12.19Capital Bough- 50000/-
15.12.19Withdrawal- 7500/-
1.1.20 Capital Bough - 150000/-
18.1.20 Withdrawal 9000/-
11.2.20 Withdrawal 9000/-
15.3.20 Withdrawal 10000/-
Interest Partner Capital Calculation ?

Respected Experts,

We are manufacturer and file GSTR-1 & GSTR 3B on monthly basis. Presently, we are very confused that what will be the basis of ITC. Let suppose our total ITC in books in Dec-20 is around 22 Lacs.
GSTR-2B shows around 18 lacs, in which some traders have not filed their GSTR-1. So how many ITC we can claim?

Also, guide us we have to file our GSTR 3B on 2B basis or 2A basis, if 2B basis, what will be the roll of GSTR 2A in presently scenario.

Kindly guide me.

Rakesh Sharma

If i complete bcom 31 may 2021 then all step by step procedure of ca