Hi All,
As per new Deposit rules, the company needs to file a onetime return and annual return for outstanding receipt of money not considered as deposit. I want to know
a) whether we need to file two returns i.e., one time return from 01.04.2014 to 31.03.2019 and annual return for 01.04.2018 to 31.03.2019 ?
b) Do we need to get the auditor's certificate and attach the same to the form ?

Thanks

One of my client has few NBFC's from whom unsecured loans had been taken. All the EMI has been paid and on interest the TDS had been deducted in f.y. 2016-17. Since the company was facing financial crisis, the said TDS deducted was not deposited in Government. But in current year the same has been deposited. But now since the assessment of NBFC's must have already been completed, so even though we had issued the TDS Department, they denied to repay us the TDS amount deposited with Government. So, I am now suppose to write off the amount showing as receivable from NBFC's. So please guide as to this amount can be written off against which account.

Thanking you in advance.

Gst Annual Return form Table - 8 , column (E) ITC available but not availed & (F) ITC available but ineligible. I don't understand two things . Kindly explain with example.

I m Govt. Employee, & had completed 60 years on 18/12/2018 (Sr. Citizen) My D.O.B. is 19/12/1958, now i have retired from Service. then as an individual category in F.Y. 2018-19, which tax slab will applicable for me for A.Y. 2019-20 when i hv to file my return. If any documentry proof in this regard, then also send me the same.

My employer consider me Individual as normal taxpayer employee & not considered me as a senior citizen & hence charge me tax slab on my salary income of Rs.2.50 lac & above.
However, my view is that, my employer has to charge tax slab on my salary income is Rs.3.00 Lac above.
Kndly advice/guide me in this regard.

ThanksT

Pradeep Desale
9601364550

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Dear Sir/Madam,

There is debit balance of Rs.13,450/- as forex gain in party's ledger.
What does it mean ?
Do we have to collect it from party as receivable ?
Please advise.

Dear Sir,
30.04.2019 ko hamari gaadi sachal dal walo ne pakad li thi, 1 wajah to ye thi ki Eway bill par Gaadi number kuchh aur tha aur Actual mei Gaadi aur number ki thi, Dusri wajah ye thi ki HSN Code 3004 mei 2 GST rate ka maal tha 5% For Classical Items & 12% for Patent Items. In dono wajah se sabhi HSN Code 3004 par 12% Tax Calculate karke Tax aur isi ke Equal yaani 100% penalty laga di.
Now my question is- How & where i appeal for this matter and what is necessary action to prove HSN code confusion (12% & 5%).
Thanks

Respected Sir,

A private limited company has given some loan to some other pvt ltd company. Whether there will arrive certain income tax liability on loan received ?

Please let me know the section also.

My client has deducted TDS from 1 deductee on premises Rent and deposited the same u/s 194I every month. Now, it comes to know that the deductee is NRI and his TDS to be deposited u/s 195. My question is, Challan of TDS deposited u/s 194I earlier can be adjusted/shown in Form 27Q as TDS u/s 195? Please confirm.

Thanks in advance.

Hello,
I am having a IT service company which is having a 6 lac per annul billing. We were adding the GST in our billing to the customer. But not we have cancelled the GST registration due to the various reasons. One reason is not having enough turnover to go for.

Now, how we can charge the service tax in our billing? or is it required ?

Thanks
Jayachandran

Can a director of pvt co. give interest free loan to company ?