Suppose X and Y invest ₹10000 each as capital in a firm. They will also be investing ₹50000 but it needs to be treated as a loan. Is it possible to show amount invested other than capital in the company as liability of the firm which needs to be paid back to the partners or investors. If yes the how if no then why.

I am a CA, practicing as a Sole Proprietor, now can I join in a Partnership Firm without surrendering COP of sole proprietory concern.
I yes then what is the status of COP in Sole Proprietory concern??
I not then what can I do??
Please help me.
Thanks in Advance

Invoice consists of both material and service i.e. installation. Material received but installation was not done. Vendor requested for payment of material value. Installation charges will be paid after installation. In this case, is it required to charge TDS on service i.e. installation charges?

Sir I have issue of one of my client, it is Partnership Firm. Partnership Deed was executed on 15th Aug 2014 (which is not registered), and we had applied for PAN, accordingly PAN was issued and thereafter we applied MVAT Registration and VAT TIN was issued. And we are regularly filing our VAT Returns and IT Returns. Again in July 2017 we have migrated ourselves to GST and accordingly we are filing our GST Returns as well.
In the mean time our original Partnership Deed has been misplaced and we don’t even have photocopy of the same (but we have draft of the deed is MS Word document). Now we want to register our Partnership Firm and we are in need of original Partnership Deed for verification in some Govt. office. Here what is the remedy for this issue? As we don’t have original Partnership Deed with us.

PARTNERSHIP FIRM HAVING ONLY 2 PARTNER ONE DIE THEN CAN THE OTHER PARTNER CONTINUE BUSINESS WITH THE LEGAL HEIR OF DECEASED PARTNER? ANY ONE HAVE RECONSTITUTION DEED FOR SAME

A PRIVATE LIMITED COMPANY ITS INCOME FROM REVENUE IS FROM "TRADING IN SHARES & SECURITIES"
NOW AT THE TIME OF FILLING ROC FORM AOC-4, WHAT SHOULD BE
(1) "Product or service category code (ITC/ NPCS 4 & 8 digit code)
(2) IN WHICH COLUMN (GIVEN BELOW) THE AMOUNT OF INCOME FROM TRADING OF SHARES SHOULD BE SHOWN
Revenue from operations
Domestic Turnover
(i) Sales of goods manufactured
(ii) Sales of goods traded
(iii) Sales or supply of services
Export turnover
(i) Sales of goods manufactured
(ii) Sales of goods traded
(iii) Sales or supply of services
(II) Other income
(III) Total Revenue

Please Advise
Thanks & Regards

Respected Seniors,
We are packaging machines manufacturer & we have a lots of stock of old material ( casting, flats etc) which is now not useable because we have changed old models . Kindly guide me can we sell our unusable old material as a scrap or not & also confirm about TCS is applicable or not?

A PERSON ENGAGED IN STITCHING BUSINESS. WHAT WILL BE HIS PROFESSIONAL TAX?

We Have applied DIN dated 22.09.2018 for sanjana.A during that process payment has been made and even SRN has been generated but we have received back the amount paid. SRN has been expired so we need to cancel that SRN. We have tried so many ways. I am requesting you to assist in this regard at the earliest.

Please reply me immediately.. its too important for me.

What’s the tax implications when immovable property of a charitable trust is transferred/taken over by another charitable trust with same objects? Should the corpus fund be paid to the trust by the taking over trust?