Can belated payments of emloyee's share of contribution towards PF and ESI disallowed u/s 36(1)(va) for the previous financial year 2021-22 be allowed as deduction in FY 2022-23or will it have no relevance in the tax computation for the FY 2022-23? Kindly clarify

Thanks in Advance

Sir,

How to show Reverse tax on advocates services received in GSTR-1??

One of my client, a salary-holder, took loan of Rs.10.00 lac from one of his relative @ 5% interest and deposited the same in Bank as FDR (earning 6% interest). Whether my client can set off the interest paid on loan with Interest received from FDR ?

Dear Sir,
1 A company is using the building premies under leasing contract with the state govt transport department.
2 This state govt transport department is raising the electricity bill to this company with gst components.
3 The EB payment is remitted to the state govt transport department, not to the electricity department.
3 The query :
Whether the company needs to deduct the TDS under section 194C?
pls confirm

Can we carry forward unclaimed TDS in updated return to next financial year?

X company is a small company; however, it holds more than 20% shares of Y company which is not a Small Company, whehther the company X is required to prepare cash flow statement and CARO is applicble on company X.

is it necesarry to qualify non compliance even in non corporate assessee or tax audit reportalso .if yes then how quantification will be done because qualification without quantification has no value

Dear sir,

Plase advice me whether cost of ms iron,ms angle etc for making roof for material storing in the production floor should be capitalised or not.If yes please suggest correct account name for it

XYZ Ltd. is a private limited company. It has taken mobilisation advance from NPCC Ltd. for the contract awarded. Now NPCC Ltd has charged interest @ 12% p.a. on Mobilisation Advance as per the calculation pre defined in the agreement. The interest is deducted from the running bills alongwith other deductions directly by NPCC Ltd at the time of payment of running bills.

Now the query - Is XYZ Ltd. liable to deduct TDS on interest on mobilisation advance deducted by NPCC Ltd.? If not, please help reference to any case laws or specific provisions of the Act.

Please reply in urgent. Case related to FY 22-23 which is under audit due on 30th Sep, 2023.

Remuneration is authorized by partnership firm it is compulsory to pay remuneration to all partner as per profit sharing ration as per deed even if some partner don't want to draw remuneration firm and some partner want remuneration.