VIJAY DESHMANE

annual function of school sound system, lighting bill Rs.69000/- which section TDS deduct on payment & rate of tds


Murali
17 February 2025 at 12:50

TDS on work contact-NGO

Sir, if an NGO receives funds from an organization for welfare works, and in this context, they give work contracts to individuals for tasks like repairing school buildings or renovating hospitals, the NGO is required to deduct TDS under Section 94C from those receiving the work contracts."


Prasanta Sengupta
17 February 2025 at 12:03

Non processing of return

Sir,
I submitted my daughter's original IT return for the F.Y 2023-24 on 17.6.2024 and a revised return on the next day i.e on 18.6.2024. But still now the status of the return is showing "processing". Am I to do anything to complete the processing?
Thanking you
Prasanta Sengupta


komal ameta
17 February 2025 at 12:59

Switch over to Composition Scheme

Dear Experts,

If we switch to composition sceme from a regular tax payer scheme, what will be the steps we need to follow in case we have exempted outward supplies. We have reversed all our ITC till date.

Kindly reply for the steps we need to take and and the things we need to specifically take care in the procedure.

Thank you in advance, it is a great platform for seeking valuable advice.


Neha
17 February 2025 at 11:55

TDS challan wrong breakup details.

Dear Sir/Madam
Plz guide

I have deposited TDS For FY 2024-25 In December 2024 under
Major Head: Income Tax Other than Companies (0021) &
Minor Head: TDS/TCS Payable by Taxpayer (200)
BUT by mistake I have Shown it in Tax Break up details of Challan as Interest & Fees under Section 234E
Can this Challan amount be used to pay TDS Tax of February 2025 Month.


Daya

Money blocked by bank for share of IPO but shares not alloted and amount refunded how to make journal entry in the both case while blocking and refund of IPO money in books.


Suresh S. Tejwani
17 February 2025 at 11:09

GST REGISTRATION IS REQUIRED

If Person Received commission from DSA, amount is approx 25 lacs rupess. NBFC pays GST on RCM.
Whether Registration Required in GST Act or not?


Jacob Abraham

Kindly advise

Can I accept funds from outside India in my local bank account and deposit them into his (NRE) local chitty investments from my bank account?

Is there any limit to accepting funds from foreign sources in our local bank account?
Are the same treated as income to us?


Daya

Money applied for IPO but shares not allloted How to Make Journal entry in the books of accounts.
Money apply by bank Rs. 50 Lakhs. but shares not alloted


Accounts

The GST party missed the GST return for August 2024, and there is an available ITC of ₹7,500 each under CGST and SGST on the GST portal. Before closing the GST registration, the GST party should file the pending return for the appropriate month (August 2024) and need guidance regarding the sales bill can be managed in which month will reduce the penalty ? Please guide me






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