Dear All

A situation comes where an employer is reducing salary of an employee from 30000/- to 12000/-, and the employee accepts the same. What will be the PF liability for employer? and also by employee? As he and employer was contributing 12% of 15000 till last month and now whether the same can be 12%(10%) of 12,000?

For colour doppler machine ( included in list of life saving equipment) depreciation is 40% in a year. Machine purchased in Feb. 2017, depreciation claimed was only 10% to 15% in 2017-18 & 2018-19 ITR.
Can I claim 70% to 80% depreciation in 2019-20 ITR ?

Please guide me about deduction of TDS on salary for financial year 2019-2020 and 2020-2021.
I would like to know the percentage of deduction and
on which amount the deduction will be done on basic or on gross amount ?

Is interest from an NRE deposit considered as deemed to be accrued outside india?

Dear team

Our company sending some of the sample materials for crash testing due analysis testing done by Govt of India .if any GST applicable on that testing materials .Pl suggest

ASSESSEE HAD 2 RESIDENTIAL HOUSE, HOUSE-1 IS USED FOR SELF OCCUPIED AND HOUSE-2 IS USED FOR LET OUT, NOW ASSESSEE WANT TO SOLD HOUSE-2 AND REINVEST SALES PROCEEDS IN NEW HOUSE-3, MY QUESTION IS WHETHER BENEFIT OF SECTION 54 IS ALLOWED IF ASSESSEE ALREADY OWNED ONE HOUSE.
PLEASE GUIDE US.
THANKS IN ADVANCE FOR SPARING YOUR VALUABLE TIME

A trade union has been formed and in the bye-laws it has been mentioned that a member has to pay Rs.365/-
towards one year membership and Rs.100/- towards one time admission fees. Total Rs.465/-
Now a lot of members are likely to join the trade union. But they feel that the membership fee is slightly higher.
So they have requested the Trade Union to collect only Rs.250/- towards both membership & admission fees.
The trade union has already collected Rs.465/- from 100 members. If they decide to reduce the membership & admission fees to Rs.250/- whether they have to return back the difference of Rs.215/- to the existing members
or is there any way to account the difference money collected in the form of donation etc. Whether the bye-law
has to be amended.

Our client is a cooperative society engaged in manufacturing tea from bought leaf and then selling the finished product.
1.Is it eligible to take deduction under section 80P?
2.If the cooperative society incurr loss, then how to apply section 80P?

I HAVE FAILED TO FILL B2C DETAILS IN GSTR 1 FOR THE PERIOD 2019-20 OF WHOLE YEAR. WHAT SHOULD I DO TO CORRECT THAT ERROR, PLEASE HELP.

Sir,
How much amount capital and cash on hand introduced shown in balance sheet first time I.t. return filing under I.t. act for proprietory concern.