Dear Sir / Madam,
in the Financial year 2017-18, one of my client has paid short of rs 50,000 CGST & 50,000 SGST , now he is ready to pay via DRC -03, he does not pay via cash ledge , because he does nt sufficient funds , how ever he has amount in credit ledger of rs 3,00,000,
i am able to pay via input credit ..please confirm how to proceed
drc-03 i am selecting annual return option,
please confirm if i select option as DRC-03 --->U/S 74(5), If i select u/s 74(5) , is it possible to claim ITC for set off
Without having a TAN or even being eligible for TAN, a partnership firm deducted TDS from a vendor payment. How can it ensure that the Vendor does not face any issue and the money can be given in full to the vendor without any issues for the Partnership firm.
In case of reversal of ITC under Rule 42 on common credit taken against exempt as well as taxable supplies,the rate of interest payable on delayed reversal of common credit will be 18% or 24%?
whether sec 40(a)(ia) is applicability in case Of Trust or not .If Trust Pays Rs 240000/ as Rent to Individual for running cancer centre .Since Trust does not have Income from Business and Other Sources .
Mahendra Doshi
In my books I have liabilty of loan take from my brother since 10 years, but now I do not have to repay that any more as my brother has forgone the same, can I show it as a gift and remove from my books?
What will be the tax implication?
if the salary is Rs 15,400 per month exceeding Rs 15,000, whether is exempted from ESIC. Whether ESIC will be paid to esic department against the salary ? I would like to know the slab as from which one is 100% exempted from ESIC payment to the ESIC department.
DEAR SIR,
ONE OF MY CLIENT IS SENIOR CITIZEN, HE IS NOT ELIGIBLE TO TAKE ANY LOANS, SO HE IS DOING BUSINESS OF TRADING RAW SILK AND ALSO HE IS IT PAYER. NOW MY QUESTION IS HE HAS PURCHASED TOYOTA INNOVA AND ONE COMMERCIAL VEHICLE FOR HIS BUSINESS AND INNOVA FOR PERSONAL USE. BOTH VEHICLES ARE IN THE NAME OF HIS SON. BUT LOAN IS REPAYMENT IS THROUGH HIS CURRENT ACCOUNT. NOW BOTH VEHICLES ARE SHOWN HIS BALANCE SHEET BECAUSE LOAN IS HIS SON'S NAME BUT PAYMENT GOES BY FATHER'S ACCOUNT.
BOTH LOAN AND VEHICLES ARE CAN BE SHOWN IN FATHER'S BALANCE SHEET. HIS SON NO ANY OTHER INCOME.
REGARDS
Sir
We are a public limited company
we are paying notice pay reimburement of Rs. 1 lac to our new joinee which he had to pay for joining early
Kindly confirm whether we have to deduct tds on that and rationale of that also
Regards
Sec17(2)(ii)(b)