Experts Query Daily Digest :15 March 2025
Posted On : 15 March 2025
Income from a Non-resident company taxability
Individual, Indian Resident, is having substantial interest in Dubai Limited Liability Company. What formalities he has to adopt and the taxability of his income from that non-resident company?
Posted On : 15 March 2025
Unexplained Auto-Debit for EPF Payment Despite Transaction Failure
Dear Community,I am seeking advice and insights regarding a situation we have encountered with the auto-debit of an EPF payment. On 18th February 2025, we attempted to make the EPF contribution through our Yes Bank Corporate Banking portal, but unfortunately, the transaction failed due to an error. Despite this, we successfully made the payment via our HDFC Bank account to ensure timely compliance.
However, we were surprised to discover that an amount of Rs. 4,88,376 was auto-deducted from our Yes Bank Corporate Account (Account No: XXXXXXX) on the same date, despite the initial payment attempt failing. This deduction occurred without our approval, which goes against our company's internal approval process for payments.
We have also faced repeated technical issues with both the EPF Portal and Yes Bank's platform, which have resulted in failed payment attempts multiple times.
My questions to the community are:
Has anyone encountered a similar issue where an auto-debit was processed despite the initial transaction failure? How did you resolve it?
Is there a standard process that banks follow in such cases, and should we expect a refund in situations like this?
What steps can we take to prevent such issues in the future, both in terms of technical glitches and ensuring proper payment approvals?
Any advice on how to escalate this matter to ensure a swift resolution, given the urgency and compliance nature of EPF contributions?
We would appreciate your insights and suggestions to address this matter.
Thank you in advance for your help!
Posted On : 15 March 2025
System has not generated summary of Table 3.1 in GST 3B
1. System has not generated summary of Table 3.1(d) and Table 4 of FORM GSTR-3B on the basis of your GSTR-2B as same is not generated for the current tax period2. Error! GSTR 2B for this return period is not generated, kindly go to IMS dashboard, and compute your GSTR 2B manually to proceed with GSTR 3B
- ITR-U for AY 22-23
- Miniscule brokerage & commission income
- ITR 2 Updated Return AY 2024-25
- Unsecured Loan amount
- Redemption/ switch of mutual funds
- Loan from family sources
- Surrender of Trust registration 12A and 80G
- Setoff query gst
- Induvidual registered as building material trader can supply trading for LPG and OXYGEN
- GST TCS Refund For Services provided via Urban Clap
- Income from a Non-resident company taxability
- Unexplained Auto-Debit for EPF Payment Despite Transaction Failure
- TDS EXTRA DEPOSITED
- Mobile phone purchase by a company
- Unpaid gratuity and interest earned
- Passing of Accounting Entries
- Refund of TDS on cancelled property deal
- ITC on GSTR 9
- DISA Notes
- E invoice and ewaybill
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