Dear Sir,

I am working in a NGO. As per new FCRA rules, the cash draw limit from Bank is Rs. 2,000.00 but due to some urgent work we have to draw Rs. 6000.00.00 Kindly guide us.

Regards

For EG: Mr. A pays rent and repairs and maintenance charges to Mr. B and he is covered in audit u/s 44AB. The payment exceeds the limits of TDS but however Mr. A failed to deduct TDS and made full payments to Mr. B. This continued for 10 months and if now if Mr. A pays the TDS to government it will create huge deposit of TDS along with interest.
If Mr. B shows the full amount of rent received and fees for repairs and maintenance in its Total income & pays tax on the same than as per the following wordings of sec 201 can Mr. A submit certificate and not deduct TDS ??

A deductor who fails to deduct the whole or any part of the tax on the sum paid to a resident or on the sum credited to the account of a resident shall not be deemed to be an assessee-in-default in respect of such tax if such resident—
(i) has furnished his return of income under section 139​;
(ii) has taken into account such sum for computing income in such return of income; and
(iii) has paid the tax due on the income declared by him in such return of income,
and the deductor furnishes a certificate to this effect in Form No.26A from a chartered accountant.

PS. Mr. B is wiling to pay tax on total income including rent & repairs/maintenance fees.

Company is engaged in letting out of commercial properties as well as having shares as investment. Now the query is:
Whether ITC received on management fees paid to Asset Management Company( Management fees related to trading in shares) be availed against Output on rent.

Entire GSTR 3B of FY 2018-19 were filed by me during Nov./Dec.2019. Now, I have received letters from GST Deptt. disallowing my entire ITC of the year and asking me to pay the ITC. Sir, please guide me what should I do now ? The disallowed ITC amount is very large (25.00 lac). The reasons for late filing were non-preparation of my GST accounts due to non availability of many purchase invoices etc. etc.

If i apply for membership on 28/01/20, then when will annual membership fee become due and till what time i have to pay that?

Hi,

I've completed approx. 1 year 7 Months Articleship in Bangalore. Now I want to take transfer from Bangalore to Hyderabad.

1. Can I give reason as my Parents not feeling well(Undergoing some Operation)?
2. If Yes, Please let me know with in how many days I can Join in Hyderabad?
3. If not, Please give me some other reasons.
4. And also share the Letter "To get the consent/Approval of the Institute before getting Form 109 signed by the Principal"
5. Share the Mail ID/Postal Address to which I'm supposed to send the letter to get Approval.

Thank you in Advance.


Please let me know ASAP.

Sec 197 & 197A, whether PAN & Tan is mandatory of Customer to apply for exemption certificate.
whether 195 section is covered under sec 197 & 197A, we are remitting the payment to overseas service provider/ software supply. (currently we are deducting under DTAA without PAN), how to apply for exemption..

Dear Sir

I work for a company who are into shared rental business. We take up properties from individuals and put it on rent to tenants. We enter into two different agreement with owner, one for lease deed and other for providing services to the owners property. Services include paying maintainence charges to siciety and taking care of the repairs . Now my concern is rent attracts TDS at 10%, what will be the rate of TDS applicable in service provided. Will it be under Sec94I or Sec 94C..

Pease help. TIA

Hi,

I've completed approx. 1 year 7 Months Articleship in Bangalore.

Now I want to take transfer from Bangalore to Hyderabad.

1. Can I give reason as my Parents not feeling well(Undergoing some Operation)?
2. If Yes, Please let me know with in how many days I can Join in Hyderabad?
3. If not, Please give me some other reasons.
4. And also share the Letter "To get the consent/Approval of the Institute before getting Form 109 signed by the Principal"
5. Share the Mail ID/Postal Address to which I'm supposed to send the letter to get Approval.

Thank you in Advance.


Please let me know ASAP.

Hi,

I've completed approx. 1 year 7 Months Articleship in Bangalore.

Now I want to take transfer from Bangalore to Hyderabad.

1. Can I give reason as my Parents not feeling well(Undergoing some Operation)?
2. If Yes, Please let me know with in how many days I can Join in Hyderabad?
3. If not, Please give me some other reasons.
4. And also share the Letter "To get the consent/Approval of the Institute before getting Form 109 signed by the Principal"
5. Share the Mail ID/Postal Address to which I'm supposed to send the letter to get Approval

Thank you in Advance.


Please let me know ASAP.