We took loan from a finance company - Capital First Ltd. but after w.e.f 01-10-2018 it switched to form a private bank entity - IDFC First Bank Ltd., We deposited the TDS which was deducted by us on interest on earlier basis as it was formerly a finance company but as soon it moves on to become a bank entity, it is not applicable on bank to deduct TDS on interest. We have filed already all TDS returns, The query here is that if we revise the TDS returns and can we claim for refund of already deposited TDS amount.

Dear members,

We are manufacturing company and as a policy we provided the some small advances to our employee to taken care their personnel needs,

We generally recover the money from their salary. But some times employee absconded without paying his advance and it is showing under employee advance in our balance sheet

Pls help me the correct accounting treatment and journal entry for write off the money lying in absconded employee as we don't see any chances for recovery

Pls do the needful

My 2 house Owner
house loan interest - 184000/- paid .
which Itr Form File ?

Salary Income= 1040397 /-
Less:-
Deduction ( Sec 16 )- 50000/-
Tax employment - 2500/-
Interest Housing Loan Paid- 184000/-
Gross Total Income- 803897/-
Less:-
Dedeuction 80 C- 150000/-
Donation Fund Paid-2460/-
Taxable Income:- 651437/-
TDS Paid- 44500/-
Tax Payable:- 00/-

Dear Sir,
Mr X superannuated from services from M/s ABC Ltd. dt on 31.03.2020 and he was paid all his terminal benefit except earned leave(EL)amount.
EL amount of Rs 6.5 lakhs was actually paid to him in May 2020.
whether Rs 6.5 lakhs is taxable in financial year 2019-20 or FY 2020-21

I have to make GST Payment today i have filled challan selected E payment net banking and SBI login page opened there i entered passwords and transaction password but then a DD type reflected and a message displayed pending for authorization please tell what to do its urgent please....

It's a partnership firm engaged in the business of Real Estate.

Involved in purchase and selling of plots.

In the process Firm has paid stamp duty to the Govt. through Challan by way of cash from outside the books of account for execution of sale deeds in favour of the Firm.

Similarly for execution of sale deeds in favour of customers by the Firm.

In other words the entire stamp duty was paid by way of cash from outside the books.

Now my query is how do I account for these expenses in the Books of A/c.

Can I debit the expenses in P& L and credit the amount to Partners Capital A/c.

Plz advise me.

If a company wants to terminate its employee in June . if employee is managerial level in Accounts Department and company may inform to employee that you have to left while company have reduced salary to 50% in may 2020 but employee not accepted. employee if leave the organisation then how much salary will be eligible in june then for may and June .

Sir/Madam,
I'm a student(Age 23),and I don't earn any income and therefore do not file IT return.
My uncle bought gold for Rs.2,10,000 for his daughters wedding and he gave my PAN.
Because they have already made many purchases and given their details and PAN,so the shopkeeper asked for another persons details(Name,address & PAN).
So they gave mine.
My father files his return.
Will it effect me or my father in anyway?
Also can you share any light on why the shopkeeper would ask for another PAN?

DEAR SIR,

HUSBAND AND WIFE ARE HAVING TWO PROPRIETORSHIP TRADING BUSINESS BOTH ENTITY HAVE GST REGISTRATION NUMBER. PROBLEM IS BOTH HUSBAND AMD WIFE PAYMENT MADE TO CREDITORS SOME TIME PAYMENT MADE TO CREDITORS OF HUSBAND BUSINESS FROM HIS WIFE'S CURRENT ACCOUNT AND SOME TIME SAME PROBLEM.

HOW TO TREAT THIS ENTRY PAYMENTS IN THIS CASE, HOW TO REPAY THE AMOUNT IN WHICH HEAD TO BE ACCOUNTED

SUGGEST ME

REGARDS

Dear Sir

My client is making rent to payment to his landlord who is a non Resident. However the rent amount is deposited in the saving bank account of the NRI. So I wanted to know the applicability of 15CA & 15CB