I need a guidance in respect of accounting and taxation of film producers. The budget of film is around 2 CR. When to deduct TDS. In my case, the producer has paid all expenses like professional fees, contractor payment in FY 2018-2019 and not deducted TDS. In FY 2019-2020, pre-production process is going on and film will be released in this year.

He has not taken GST registration in last year as there was no sale in FY 2018-2019.

Please guide on all implication of Income Tax, TDS and GST.

Thank you in advance.

Sir/Madam,

Please help me to know that our output igst is having negative figure(-950.70) last month (oct 2019) due to excess credit note . Please help me to know how we can show in gstr3b as negative figure is not acceptable in 3b.

thanks in advance

Regards
Rajesh

I was filling an application for TAN address change. i uploaded the support documents in PDF, but it is showings please upload a standard document.
1. what does it mean by Standard document??
2. is there any restriction related to size of the document??

Dear Experts,

If Auditor signs Financial Statements of a proprietorship without his ICAI Membership No. & Firm Registration No. , can as a third party, I should view these financial statements not audited or invalid.

Ar ICAI members required to mention their Membership No. & Firm Registration No. everywhere they sign in their capacity as a practising CA. Where is this statutory requirement mentioned?

We refer to your abovementioned application & PAN application documents received from you on November 07, 2019. On verification of your application and PAN application documents, the following discrepancy(ies) is/are observed by us:

One Company has made a payable entry for Director remuneration and not paid the same.
1.Is it necessary to deduct TDS on the payable entry made for Director's remuneration
2.Is it necessary to pay tax on such Director's remuneration by the director which is not actually paid?

We have partnership firm and partnership property all the 97.5% partner's are ready to draft new deed but one of the partner not coming to firm and receiving phone so what is the way that we expell him from partnership firm and property

Read more at: https://www.caclubindia.com/profile.asp?member_id=164430

We have partnership firm and partnership property all the 97.5% partner's are ready to draft new deed but one of the partner not coming to firm and receiving phone so what is the way that we expell him from partnership firm and property

Read more at: https://www.caclubindia.com/profile.asp?member_id=164430

We are partnership firm doing business of retailing and registered in GST, we invest our surplus capital in mutual fund liquid funds and earn interest / income from the same.
Is their any GST liability on income earned through above mentioned liquid fund. Please let me know under which clause is this income exempt. (If its exempt) or what is GST liability on it.(in any)

Dear Sir, kindly help clarify on below point.

I am registered as a trader under GST.

I can buy an electric scooter from manufacturer without battery under HSN 8711 6020
and with battery under HSN 8711 9091

if i buy with battery and sell to customer with battery, the process is simply trading and OK

BUT
if i purchase scooter without battery from supplier. (GST 5%)
buy battery from a different supplier (GST 28%)

Can I SELL to end customer scooter with battery (together) (GST 5%)

will it come as trading or manufacturing or something else.......
more so coz GST rate difference is there in input and output for me as battery input GST i will claim at 28% but output sale of composite (scooter+battery) will be at 5%...