I had filed a regular return of TDS for the Q-4 fy 2017-18. After I had filed the regular TDS Reuturn I had to pay more job work charges u/s 194-C on 05-03-18 TDS as upon which I paid on 30-05-18 inclusive of interest @ 1.50% for 2 months. Correction of the regular return was filed on 22-01-18 because of which Additional Late Payment Interest against the processing of latest correction of TDS Return was charged as per the TRACES SITE. I would like to clarify that earlier never like that happened. Whether rule has been changed ? and as from date such a news rule has come into force. Please guide me and oblige.
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Additional late payment interest
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Additional late payment interest
I had filed a regular return of TDS for the Q-4 fy 2017-18. After I had filed the regular TDS Reuturn I had to pay more job work charges u/s 194-C on 05-03-18 TDS as upon which I paid on 30-05-18 inclusive of interest @ 1.50% for 2 months. Correction of the regular return was filed on 22-01-19 because of which Additional Late Payment Interest against the processing of latest correction of TDS Return was charged as per the TRACES SITE. I would like to clarify that earlier never like that happened. Whether rule has been changed ? and as from date such a news rule has come into force. Please guide me and oblige.
Read more at: https://www.caclubindia.com/experts/additional-late-payment-interest-2716009.asp![]()
Read more at: https://www.caclubindia.com/experts/additional-late-payment-interest-2716009.asp
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Tax consequeces
There are 3 directors in a private limited company. 2 directors have decided to come out of the company.
The company is carrying out business in its own premises. Valuation of Land & Building, Plant & Machinery, Furniture & Fittings is done by an approved valuer. One of the director is settling the other two directors by giving their share as per valuation done. What is the tax consequence on the part of two directors who receive their share and come out of business. (Share includes Capital balance,Goodwill and Share from Land & Building, Plant & Machinery, Furniture & Fittings etc.)
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The company is carrying out business in its own premises. Valuation of Land & Building, Plant & Machinery, Furniture & Fittings is done by an approved valuer. One of the director is settling the other two directors by giving their share as per valuation done. What is the tax consequence on the part of two directors who receive their share and come out of business. (Share includes Capital balance,Goodwill and Share from Land & Building, Plant & Machinery, Furniture & Fittings etc.)
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Termination of articleship during 2nd year
Sir,
One of my friend was engaged in articleship under a CA during 05/06/ 2017 to 31/03/2018. W.e.f 1/04/2018 , she took leave for MAY 2018 exam. After taking the leave she didn't pursue articleship. She wish to discontinue her articleship due to her marriage on 20/01/ 2019.
During 05/06/ 2017 to 31/03/2018 she received stipend in her bank account but after 1/04/2018 no stipend was received.
I would like to know the procedures involved and fine, fees to be paid. Also,does the Principal have any other obligations.
Thanking you.![]()
One of my friend was engaged in articleship under a CA during 05/06/ 2017 to 31/03/2018. W.e.f 1/04/2018 , she took leave for MAY 2018 exam. After taking the leave she didn't pursue articleship. She wish to discontinue her articleship due to her marriage on 20/01/ 2019.
During 05/06/ 2017 to 31/03/2018 she received stipend in her bank account but after 1/04/2018 no stipend was received.
I would like to know the procedures involved and fine, fees to be paid. Also,does the Principal have any other obligations.
Thanking you.
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Consideration of tds
One of our clients has migrated with his file to us. when we started preparing his accounts we observed that an income tax refund of the year A y 16-17 and 17-18 was received during May 2018. however his previous accountant had not shown the refund in his balance sheet. Now while we are filing his return for the A Y 2018-19, how should we consider the refund amount of previous 2 assesment years..![]()
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Import
How we record import in our accounts? or what is the correct amount which is to be entered in the accounts in case of import?![]()
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Eligibility for claiming standard deduction.
Sir,
I am getting EPFO pension NPS-95 scheme along with SABF pension from LIC under annuity created by Ex-employer IOCL after regular deductions from monthly income. Till last year the same I was showing under the head Income from Other Sources along with some other interest incomes.
For the total pension income can I claim Standard Deduction benefit for ITR filing this year.
With Kind Regards,
S K KAUSHik![]()
I am getting EPFO pension NPS-95 scheme along with SABF pension from LIC under annuity created by Ex-employer IOCL after regular deductions from monthly income. Till last year the same I was showing under the head Income from Other Sources along with some other interest incomes.
For the total pension income can I claim Standard Deduction benefit for ITR filing this year.
With Kind Regards,
S K KAUSHik
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Vacation of office of director in producer company
Dear Sir/Mam,
Please clarify the doubt. Whether the director of producer company needs to vacate office if he not attend board meeting for a continuous period of 12 months??? If yes what are the procedures we need to follow for the vacation of office of director???![]()
Please clarify the doubt. Whether the director of producer company needs to vacate office if he not attend board meeting for a continuous period of 12 months??? If yes what are the procedures we need to follow for the vacation of office of director???
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B-c invoice
My Firm is Regd. under GST regime. My all Purchase Invoice is only B-B with GSTIN. Can I purchase any commodity with out my GSTIN (B-C Invoice)![]()
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Gta service
Please provide me Information Related to GTA service Tax Liability for Following Cases :
Case A :
GTA ( Registered Person) makes Supply to Registered Service Recipient - Who will Pay Tax ?
Case B :
GTA ( Registered Person) makes Supply to UN Registered Service Recipient - Who will Pay Tax?
Case C :
GTA ( UN Registered Person) makes Supply to Registered Service Recipient - Who will Pay Tax?
Case D :
GTA ( UN Registered Person) makes Supply to UN Registered Service Recipient - Who will Pay Tax?
Please provide me help ASP.
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Case A :
GTA ( Registered Person) makes Supply to Registered Service Recipient - Who will Pay Tax ?
Case B :
GTA ( Registered Person) makes Supply to UN Registered Service Recipient - Who will Pay Tax?
Case C :
GTA ( UN Registered Person) makes Supply to Registered Service Recipient - Who will Pay Tax?
Case D :
GTA ( UN Registered Person) makes Supply to UN Registered Service Recipient - Who will Pay Tax?
Please provide me help ASP.
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Gst rate applicable
water & earth Laboratry testing Service . Payment Received By The Agricultural Produce Market Committee Gst Rate Applicable ?? , And Applicable Gst Rate ??![]()
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Excel formula for calculating late payment of tds
PERFECT EXCEL FORMULA for getting NO OF MONTHS DELAY for Calculating INTEREST on TDS Payment![]()
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Claiming of deduction on house propert income
Dear learned friends,
Last FY I paid appx Rs. 14000 to MCD as settlement of property tax of last many years. But, due to ignornce, i couldn't claim the same as a deduction in my last ITR filed.Please let me know if I can claim the same as deduction in this year's eturn.
Thanks
P.C. Joshi![]()
Last FY I paid appx Rs. 14000 to MCD as settlement of property tax of last many years. But, due to ignornce, i couldn't claim the same as a deduction in my last ITR filed.Please let me know if I can claim the same as deduction in this year's eturn.
Thanks
P.C. Joshi
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Tds applicable on tax audit of presumptive cases
Our is a Professional partnership firm having Gross Receipt of Rs.9 Lakhs but we are getting our books audited U/s44AB as our Net Profit if less than 50% of gross receipts.
In this case will firm be liable to deduct TDS on any payment??![]()
In this case will firm be liable to deduct TDS on any payment??
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Gst rates
Dear Sir
we are canteen contractor, Can We charge customer A 5% GST without ITC & Customer B 18% GST with ITC simultaneously ???![]()
we are canteen contractor, Can We charge customer A 5% GST without ITC & Customer B 18% GST with ITC simultaneously ???
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Cash transactions for fy 17-18
In 17-18 he has made Cash transactions of 13 lakhs, and even he is not filed ITR for 17-18, now he got the message from IT Dept as PAN has been Flagged, so please tell me what to do now.
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Amount of stamp paper's required for filing form 24
Please suggest the amount of stamp paper's i should attach with the affidavits and the indemnity bonds for filing Form-24 (Strike off of LLP).
Thanks.![]()
Thanks.
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Refund cheque with incorrect account number
I got the refund cheque with incorrect account number, of course i did the mistake while filing, what to do now? Whether i have to wait until expiry of 90 days for refund reissue request or have any other solution?![]()
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New din for new company
only want to apply for din for new company but new company incorporated later.how can fill SPICe form.its ask for memorandum , AOA etc. How can we apply for only din?
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Documents for obtaining the status of dormant company
Hi I am applying for Dormant Company under companies Act 2013 Kindly provide me format of following Document
1. Auditors Certificate
2. Asset and Liabilities Statement
3. Creditors NOC
4. Explanatory Statement
5. Special Resolution
6. Consent of Lenders
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1. Auditors Certificate
2. Asset and Liabilities Statement
3. Creditors NOC
4. Explanatory Statement
5. Special Resolution
6. Consent of Lenders
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