As we write off intangible and fictitious assets in internal reconstruction.
We have to write it off whether it is given or not?
And also about patents, while solving problems I came across 1 adjustment in which balance of capital reduction is utilised for writing down patents.
And the given amount is 6000 and balance amount is 4000.
And the remaining 2000 is considered in the balance sheet after reconstruction.
Why??
What's the reason for it??

Mother has gifted equity shares as gift in FY 18-19 to her 2 daughters, now she wishes to get a part of those gifts back. Is it legal to gift back the shares to their mother again in FY 20-21?

Act no where has a restriction? But does it raises a concern on intent of the transaction?
Has there ever been a case law supporting/rejecting such transaction?

Look forward to your responses.

Thanks
CA Sakshi

Respected Experts,

Liability to deduct tax at source by employer arises at the time of actual payment of salary and not at the time of accrual.

If any employee has left the job in the month of Nov-2019 and payment of his Full and Final Settlement is pending from employer up to financial year end i.e. 31.03.2020. However, employer has made provision for outstanding payments on year end.
Actual settlement of Full and Final dues happened in June-2020.

In this case please guide me, whether employer should have deduct TDS also on F&F amount and generate Form 16 accordingly for FY 2019-20.
Or
Employer should deduct TDS on F&F in FY 2020-21 i.e. on actual payment in June-2020 and accordingly issue Form-16 to its employee.

Please revert with your valuable opinion.

Hi,

I am currently working in a private company with CTC of 5.24 Lakh per annum . I joined the company on 9th October, 2019. In FY 2019-20 my Short term capital loss from share trading was Rs 65,790. It did only delivery based trading . Should I file income tax return for this loss amount so that it can be set off against any capital gains in the future. How do I file income tax return for this loss amount so that I can carry it forward for set off in the future .

Kindly Guide me on this. Any help will be greatly appreciated

Dear Sir, If any one deposit amount above rs 2 lakh in saving account cash gift recieved in own marriage given by father and recieve an income tax notice under 271da.if proof of marrige cash gift is provided then this would be justifiable to income tax for waive of penalty.

What is the Difference between a workcontractor service and a construction services which services
under categories.

Please suggest...
One llp doing Real Estate business having land in its own name they appoint one contractor made flats and then sell to buyers now question is can GST liability arise to LLP when sell ..
1. Entire consideration of sell recd after receiving completion certificate.
2. This income we take in PL as revenue from operation (net of expenses like contractor expenses ) is it right...

Is the Software Services Exporter liable to submit Letter of Undertaking to concerned GST officer for to export the services supplied without payment of integrated tax?

Dear Sir/Madam,
actually we have made the tds payments regarding the month of march 2020 but we forget to download the challans till now... Now to file Q4 TDS Returns We don't have the challans regarding march month i have searched in net banking also but they are not available what should i do now is there any option available please suggest me

Hi, can i claim Tax free LTA claim in FY 2019-20 by using bills of my unclaimed travel done in january 2018?