I am Financial Consultant( an Masters in Finance), currently working on monthly contract basis for fixed monthly contracted service charges of 90K(-) TDS for an Indian entity.I work from my Home for my principal. Such type of Contract is not permanent and I may switch to regular Job upon having better opportunity. Being under this contractual assignment,...

My query is:

01 Am I Required to obtain GST Registration if I continue to work for my present principal even after GST rolls out ?

02 Currently I submit my monthly Bill and receive payment after deduction of TDS. What shall be status of my charging the Service Charges and receipt of payment.

I need guidance as I have to submit certification to my principal to process my renewal.

Please guide.

I want to renew the registration of my society in up, but they want financial statement of society for 5 years... So, i want to know that which accounts should i prepapre?? means profit & loss and balalnce sheet or receipt and payment, income & expenditure and bal sheet...
please suggest me which account should i prepare for society??
Society is registered in up only..

I have obtained the licence under section 8, but while filling the form INC-7 it gives us the message that please fill valid SRN for INC-1 (as the INC-1 SRN has expired the period of Sixty Days). Now my question is what are the options available to us when the period given after approval of INC-1 i.e. 60 Days has expired or how to proceed further ?

Hi

My property value ( basic +plc+ car park ) is 48 lakh . Including taxes and other charges it crosses 50 lakh . Should I deduct TDS

it's a construction linked payment and I have been making payments since 2009 . Now i have to make final payment

Please provide advise on applicability

Regards
Vinay madan

Hi All.............

Greetings for the day..............How are you ?

Can anyone please send me the "GST Overall Impacts in India & its' different Percentages What the Govt. has fixed.....! ? If you can send in "Pdf (or) Word" Attachment..........." i will be thankful to you all.

Kindly treat it as Urgent.


Thanks & Regards
S.Sugadeesh Kumar

A doctor is purchasing vaccine in his own name for its patents. A separate amount he is charging for the same. Now he wants to purchase the said vaccine in the name of his spouse or HUF and to directly sell the same to patents. Whether that can be done. Is the income generated from sale of vaccine will be added to the income of the doctor?

A private is engaged in west water treatment. company wants to take money from their proposed clients in form of nonrefundable deposit and issue them membership certificate. and then after they will serve only to the member on a chargeable basis.
The members will only be member and not shareholder.
My question is
1. Can Private company take such nonrefundable money in any form ?
2. Can Public company do the same?

Please help me calculate MAT liability for a Pvt Ltd company with the following financials
FY Profit before Tax Depreciation (Cos Act) Depreciation (IT Act)
2012 -30,54,583 6,44,057 19,32,804
2013 -33,69,293 18,21,101 15,34,702
2014 8,93,093 16,13,453 14,50,220
2015 8,21,799 21,82,200 13,08,355
2016 2,14,623 12,07,695 11,72,776
2017 17,26,841 19,70,512 11,38,818

Profit before tax is as per companies act after depreciation.

The landlord is AOP whose Taxable income for F.Y 2016-17 is below the amount not chargeable to tax I.e less than Rs.2.50 lakhs.(b).Thus,AOP is not mandatory required to obtain PAN No.u/s 139(1) of Income Tax Act.(c).The employer-company of the Tenant is insisting that since the rent paid per month exceeds Rs.12000 the landlord AOP must furnish it's PAN no
Please advise.R.Dayal(22/5)

The definitions under Rule 2(c) of the Companies (Acceptance of deposits) rules, 2014 specifically excludes amount received from any company from the purview of deposits vide sub-clause (vi). Under sub-clause (xii) of Rule 2(c), any amount received as an advance for supply of goods which has not been adjusted for a period of 365 days from the receipt of such advance is covered under the definition of deposits. Now, in a case where a company gives an advance to another company for supply of goods, would such transaction get covered under sub-clause (vi) and stands outside the ambit of deposits? or should that be seen with the conditions stipulated under sub-clause (xii)?