Sir,
Assessess cash loans different creditors each one rs:19,000/- * 5 different members total value rs:95,000/- cash loan to debtor rs:1 lacs show in ledger balance in books.
Creditors 5 members total value rs:95,000/- tranfer to cash loan debtor account account entry passed in books.
Question:
Above mentioned cr vs Dr balance write off account entry transaction allowed in it act.

Dear Sirs : One of my clients is a Private Limited Company which has net profit of RS.5.50 crores before tax for year ending 31-03-2024 with turnover of 38.87 crores, whereas in previous years the profit was below Rs.Five crores. Kindly guide me, how to calculate CSR fund for period ending 31-03-2024 . Do the company has to open a new Trust for CSR funds spending or can donate outside as well. Please also guide me for Debit / Credit accounting entry for same. Kind Regards

What should be rate of TDS on payment made to Google Singapore for Google workspace, Google suite services. Whether TDS will be applicable, if yes under section 195 or subject to equilisation levy

There was short deduction in TDS due to the reason that PAN was inoperative due to non-linking with Aadhar details. Afterwords PAN and Aadhar were linked and we filed rectification statement but demand of short deduction has not been removed

Dear Sir,

Can transporter claim RTO fines & penalties paid.

Thanks & Regards
Lingam

I am a salaried individual and my employer deducts professional tax of 2500 every year. The same is deductible under Salary head while filing IT Return.

Now if I were to start freelancing activity, wherein if I were to setup proprietorship firm with UDHYAM, trade licence, GST etc. do I need to additionally enrol myself in professional tax?
I am asking the query since I am already paying professional tax as salaried individual. Do i need to pay two times? My PAN should already be recorded.
Moreover, I have heard that those who have registered under GST in West Bengal would need to pay professional tax, irrespective of turnover. Is that true?
What will be the implications?

Refund of ITDS is not allowed vide Updated Return. But whether tax liability can be set off from ITDS ?

This scheme has only predefined replies but there is no chance for us to explain where we had shown that particular income in ITR. Eventhough we have shown the income in ITR still there is a mismatch. How to response to it?

For the Asst.year 2022 23 my Trust is having provisional registration u/s 12A but not able to regularise by filing 10AB. Due to ignorance the provisional certificate were treated as the final. what to do for claiming exemption from the Asst. Year 2022 23. Please advice. The trust was having 12a registration since 2012.

In income tax proceedings if outstanding demand is paid in portal but interest is not paid then interest on such demand would accrue 1% per month or would it be stop accruing?