A
Ahsaan
Hey, I am a managing director of Rajdarbar Hotel, i recently just came to the hospitality industry, i have a query regarding my lift maintenance so there is a gst bill which is of my annual maintenance (AMC) of around ₹56,000 and a bill of the new parts and belts and some lift attachments that have been fitted which costed my around ₹2,65,000, so i wanted to know where should my account mention these two particulars in repair and maintenance of assets of the company
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The expenditure of Rs. 2,65,000 if have increased the useful life of the asset then it should be capitalised and added to the cost of the Asset.
Further AMC should be recorded as revenue expenditure and charged to Profit & Loss A/c.
For any other information, you may connect with us at ca.pujasharma@outlook.com
R
Rammohan
Hi, I work in European company and due to family health emergency working from India from last Sept 2020, my salary is paid in EURO after TDS in an Salary account in EUROPE, my employeer does not have presence in India and hence asked me to check and be in local tax compliance, Please let me know if I need to Pay / Submit or seek any confirmation from Intian Tax Authority that I need not pay tax in India considering the mode of my employment, one additional point to consider is until July 2020 I was working in an Indian company. Thanks Ram
You are resident as per Indian income tax act and you might have to pay tax on such income in India.
For more please contact: https://www.taxontips.com/tax-notice-personal-consultation/
G
Gaurav
Hi,
For AY 2020-21, I have received the notification about the high value transaction for saving and term deposit interest rate on compliance portal under e-campaign category.
I have responded on compliance portal and paid the pending tax amount.
But I am not being able to fill the revised return as 31st March 2021 date is over now.
Only option, it is showing is 119(2) or 92cd.
What are the options now?
Should I wait for any notice from income tax or do I need to contact someone?
You can apply for condonation request and then file your return.
CA Jaya Agarwal 6 Apr 2021No need to file return. For more details contact 7667559772
CA Naman Maloo 18 Apr 2021Read here: https://www.taxontips.com/received-high-value-transaction-message-for-fy-2019-20-but-cannot-do-anything-as-no-revised-return-can-be-filed-now-lets-discuss/
T&C applyS
Shoheb Ali Bhutto
I m taking distributorship of packaged drinking water bottles.
So want to know which licence is to be taken for starting the firm for distributorship other than GST.
Kindly guide me is sny other license required to be registered other than gst.
1.Fssai License
2.BIS Certification Mark to manufacture/sell/exhibit packaged driniking water.
3.Packaging and labelling act
R
Ryan
Is pan number required in provitional balance sheet?
No, if that is for bank loan purpose, then PAN is not required.
CA Jaya Agarwal 6 Apr 2021No, but if they want computation, then it is required. For more details contact 7667559772
T&C apply
