Hi all,
Can someone share a template for various compliances to be ensured while carrying out First Audit of Private Limited Company with respect to Companies Act 2013 etc.
Thanks in Advance

For the mobile shop dealer

Discount received from supplier by credit note (not included GST) are taxable under GST?

Means, dealer receives discount from supplier for target fulfilment, timely payment etc. supplier issues credit note to recipient but not calculated GST (flat discount SCN issued).

Is this type of discount are taxable under GST?

How much limit of cash transactions to SUNDRY CREDITORS & Debtors ? under IT.

A taxpayer has paid 100% of his assessed tax as advance tax on 15th march. But he has not paid any advance tax in QTR-1, QTR-2 & QTR-3.
Is he liable to pay interest u/s 234C for QTR-1, QTR-2 & QTR-3 in this case scenario?

Dear Sir / Madam,

I would like to draw your kind attention that, I have submitted Online PF transfer Form 13. The said form is reflecting under inactionable tab of Previous Employer. I have a following query:
1. Whether Form 13 is required to be Digitally signed by Previous Employer? If yes then what is path for that after Login to employer portal.
2. Whether I have to submit Form 13 Physically to Previous Employer as well as to EPFO Office?
3. How Much time it takes to get the transferred done.

Refer to the below article on clubbing of spouse's income

https://economictimes.indiatimes.com/wealth/tax/income-from-asset-transferred-to-even-your-daughter-in-law-will-be-clubbed-to-your-income-and-will-be-taxable-in-your-hand-in-this-case-says-income-tax-dept/articleshow/118685554.cms

Can colleagues help explain that if gift to spouse (monetary or otherwise) is not taxable, then how can return from such gift in the form of income be clubbed with the giver's income.

How to Know Comapny CIN by Name.

Sir.
There is mistake happened in Gst invoice nov 24and Dec24 .while reconciliation of there account statement this mistake is found. taxable service value ,Gst amount,total invoice is the different
Let's me know how to amendment this invoice. How to pay different amounts.
Please update.
Binu

My turnover is 1.5 cr I have not opted for presumptive taxation in any previous year and I have loss of 5 lac will I need audit or I can file normal itr under no account cases in itr3?

Whether penalty under section 139(8)A can be adjusted under Rebates of Section 87A