Iqbal Sidhu

If someone knows about how to deposit the fee online for the registration of Valuer under 34-ab section then please update


ASHOK KUMAR NAYAK
06 April 2021 at 12:36

Proprietorship Business Vs LLP/OPC

Dear Sir,
My relative is doing Trading business for branded furniture & has manufacturing hub for local manufacturing also. I have some query as follows:
1. From time to time business requires new machinery for capital expenditure purpose.No depreciation benefit allowable as per Tax Computation filed by the CA.
2.Business has CC & OD limit in Bank. Interest charged by the Bank is showing as expenses in books of account whether it is right or not?
3.Business also has Motor vehicles like Car & Two wheeler. If Business want to purchase through financier the above motor vehicle whether interest charged by the Bank will be booked in Business or not?
4. Now a days Govt has introduced new start company with maximum benefit in Tax etc. Please answer whether Proprietorship can go for avail this or not?
5. Whether Udyog Aadhar will be benefited to business if I will apply for this & what are the benefits.
6. Also give me comparison chart between Proprietorship Business Vs LLP/OPC with merit & demerit with less paper work.

Also let me know whether propertioship firm can introduced capital from time to time for business expansion of his own source / relative / friend etc. What is the capping for this, Is there any condition or limitation linked with Turnover etc.

What is the drawing limit for the proprietorship firm with capping if any.Can proprietorship firm use business money towards Tax Savings purpose & other purpose.




Guest
05 April 2021 at 21:00

Registering a Society Club House

Hello,

I am looking for some information as to the process of registering a Society Club house. I was going through the link

https://www.caclubindia.com/experts/club-registration-1368309.asp

where it mentions the following

1. The members' club may be an unincorporated society or may be registered under the Indian Companies Act, or Societies Registration Act.

I wanted to know how we can form an unincorporated society as per Indian laws to run the Society Club House. Any guidance on this matter would be really appreciated.

Thank you for your advice and help.


Nitin
05 April 2021 at 15:32

Tat

Hi Plz let me know how to calculate tat
27F3


Suma
04 April 2021 at 10:45

LLP Form 2

Sir,

1.When I submitted the Form2 of LLP . I got resubmission for Registered office address proof . I attached the electricity bill issued by the society. Now I attached the Airtel fixedline broadband bill, is it considerable for registered office address proof , in that bill mentioned as a original recipient --Tax Invoice . But when I got resubmission mail , they people mentioned that any private authority and tax paid receipts and any tax invoices not considered as a office address proof .

2. Object Clauses - I entered the Building material manufacturing- non metal , cement bricks and pipes and other cement products also

May I know what is NIC code can I enter in Form 2.
and what are object clauses can I mention in Objects block.




Please let me know , help me to get the approval


VARSHA GURAV

Whether TDS u/s 195 is applicable on Reinsurance premium remitted by domestic broker company to Foreign insurance companies ?
Foreign companies have an Establishment in india.


Sanjeev Prabhakar
02 April 2021 at 18:53

MCA

Meaning or full form of PÀAO status in transaction in IEPF 5


Kollipara Sundaraiah
02 April 2021 at 17:11

Bank cc loan required Rs:8 lacs

Sir,
How to prepare a balance sheet and profit and loss account cc loan Rs:8 lacs a bank and what amount show in itr .


ninad
02 April 2021 at 10:53

Huf

My son is working in it sector with on salary basis. He wants to work as freelancer in his spare time with another it company. Can he work as employee of my huf and get honararium from huf and the huf can get the freelance work fees as huf income? If yes, what will be huf's tax liabilities? Presumptive or actual basis?


Kollipara Sundaraiah
01 April 2021 at 22:40

Project and estimate balance sheet

1.what is difference between actually and estimated and projected balance sheet and increased percentage actually and estimated and projected
2.drawing power calculations formula
3.dufference drawing power and sanctions limit.






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