Dear Experts,
We have send the goods direct from our vendor through bill to ship to transaction,

However since movement of goods was taken in support of our vender invoice & eway bill. Hence we have send only invoice to our buyer but now buyer is asking for our eway bill,

Further we don't want to provide eway bill generated by my vendor to buyer as far as the goods price Is concern,

Pls clarify:- the consequences if we generate new eway bill whereas movement of goods has already been Done via bill to ship to transaction,

Thanks & Regards
Nikhil Sharma

If we deposit TDS on 30 MAY 2020 having Due date 30 April 2020 and deducted in March 20 Month. with new Ordinance, how many months interest payment is applicable.

An assessee paid advance tax (2020-21) on 15th March 2020 but wrongly written in challan as self assessment for assessment year 19-20. However assessment order has already been passed in December 2019.

Sir
Sir
Sir I have received such email from icai and I am not understanding the same Dear SANDESH SAMUDRAVIJAY HIRAP

Your Form 107 has been sent back for correction by the regional office with remarks freankin not done.

Kindly visit ICAI Self Service Portal for further details.

Regards,
ICAI

Retailer dealing in Mens wear, having GSTIN in regular scheme till 31.03.20 wants conversion from regular to Composition scheme wef 01.04.20.

Query 1 : Does GSTIN holder has to pay GST on closing stock as on 31.03.20 on which already GST credit has been taken when the same were purchased under Regular scheme ?

Query 2: If yes then, Can CENVAT Credit as on 31.03.2020 if any can be adjusted against tax liabilty of GST on stock in hand as on 31.03.2020 ?

Please tell how to authorize GST payments i have filled the challan net banking option of SBI selected bank window opened e order generated then a message displayed 'awaiting for bank confirmation'..
How to make payments please help its urgent..

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