A Pvt. Ltd. holds a 25% shareholding in B Pvt. Ltd., making B Pvt. Ltd. an associate company of A Pvt. Ltd. Subsequently, B Pvt. Ltd. acquired a 30% shareholding in A Pvt. Ltd., thereby making A Pvt. Ltd. an associate company of B Pvt. Ltd. As per the provisions of the Companies Act 2013, there is no prohibition on the acquisition of shares by an associate company from its parent and vice versa. Considering this situation, my questions are:
Questions:
1. Are there any restrictions under the Companies Act 2013 regarding the consolidation of financial statements of A Pvt. Ltd. with B Pvt. Ltd. when both companies are considered associates of each other?
2. What are the requirements under the relevant accounting standards (AS/ Ind AS) for consolidating the financial statements of A Pvt. Ltd. and B Pvt. Ltd. & B Pvt. Ltd. With A Pvt. Ltd. when each holds a significant but non-controlling interest in the other?

I want to Buy police velcro patches in the UK, is there anything that should be considered before purchasing from a website, I found this website: https://www.velcropatches.co.uk/police-velcro-patches Let me know if somebody has any experience about it.

T_FV_6351 Applicable and Mandatory For Financial Year 202324 onwards 'Other special allowances under section 10(14)'
I AM GEETING THIS ERROR WHILE SUBMITTING REVISED TDS RETURN

Hello!

I am looking for a professional and affordable printing service to help me print bulk brochures for my business. We are introducing some new business services that we would like to promote among our customers and need a good brochure printing service that can print brochures in vibrant colors and quality papers.

I have been thinking of getting help from https://www.bookprinting.ae/brochure-printing can anyone review this for me?

Hello,

My query is related to exchange rate.

how to book exchange in Africa region book keeping where exchnage rate is fluctuating rapidly.

For eg: exch rate 01.01.2023 - 6/ usd and Exch rate 31.12.23- 12/usd.
this way, if m booking forex then its showing huge forex loss in books.

Which is best website for exchange rate.

I am converting only Balance sheet items like Foreign Creditors/Debtor and USD Bank Loan.

Is this correct way?

Second) Same way Land which was also bought in USD on 31.12.22 @6, can i book exchange rate on this land also? or only way is revaluation?
we have done revaluation in May 2024, but I want to take the revaluation as on 31.12.23. is it possible?

Thanks in Advance

1) Bonus Paid to Factory Worker Comes Under Which Head Direct or Indirect?
2) Overtime Paid to Factory Workers Comes Under Which Head Direct or Indirect?
3) Leave Encashment paid to Factory Worker comes under which head direct or indirect ?
4) Payment done to Outsource Technican for Installation of Site Equipment
5) Payment done to Municipal Corporation towards tax

EK SHOP JO GST MEIN REGISTER HAI
SAME CITY MEIN USKI 2 ADDITIONAL BUSINESS PLACE HAI
JO HAME GST PORTAL PAR ADD KARA RAKI HAI


KYA SABKI BRANCH WISE ACCOUNTING KARNA MANDOTORY HI HAI EK JAGAH SE HI SALE PURCHASE KAR SAKTE HAI


PLZ REFER SECTION

THANKS IN ADVANCE

Issue pertains to FY 19-20 where client has two GST registration one in Delhi another one in Karnataka, now goods sent to FBA warehouse in Karnataka state but this hasn't be shown on GST portal as interstate sale movement, and IMP igst input is directly claimed in Karnataka state, annual return has already been filed without showing this interstate stock movement.

Now notice has been received from Karnataka GST stating no input available in 2A for that FY and demand has been raised. Now what can be done, how can it be resolved now. Any help would be appreciated

Dear Sir,

We are seeking your valuable opinion on TDS applicability on Subscription service (Business lead generation subscription) procuring from US entity having No Permanent Establishment in India, they are providing the TRC and No PE declaration but not providing Form 10F. Aforeaid services are used for the acquisition of new customers and generating export revenue from these customers. Against these services, payment is made through credit card on automated card deduction on a monthly basis. The client not providing the wire transfer details hence we are not able to file Form 15CA/CB applicable part on the income tax portal.
Please advise on whether TDS is required to be deducted under section 195 or Tax deductions under the equalization Levy for the import of services i.e. Subscription services, Cloud services.

We have incurred an expenditure for trademark search in different countries. Does this expenditure need to be capitalized or not? If not, in which ledger we should post this expenditure.