There are two sister concern companies. Company A & Company B.
One Vendor have given credit note in Company A, hence the amount is receivable from vendor.
The same vendor balance is payable in Company B. Hence the amount is payable to vendor.
So in this case can we pass internal Journal Entry from Company A to Company B, rather to take refund of credit in Company A.

Please suggest as per Income Tax Law and Companies Law.

Dear Sir,

If we have an Indian company, and not paid any Equalisation levy tax during the year FY 2023-24

it is mandatory or required to file NIL Return of Equalization Levy Form No. 1.

or any option available on portal for file NIL return.

Please suggest.

Amount received by Gimbal operator from film production.
Gimbal operator comes under the meaning of film artist as it is not mentioned specifically?

“film artist” means any person engaged in his professional capacity in the production of a cinematograph film, whether produced by him or by any other person, as –
i) an actor ;
ii) a cameraman ;
iii) a director, including an assistant director ;
iv) a music director, including an assistant music director ;
v) an art director, including an assistant art director ;
vi) a dance director, including an assistant dance director ;
vii) an editor ;
viii) a singer ;
ix) a lyricist ;
x) a story writer ;
xi) a screen-play writer ;
xii) a dialogue writer ; and
xiii) a dress designer.

Thanks in Advance

Can Interest be claimed on borrowed capital u/s 24(b) on let out house property up to Rs.2.00 lakhs under new Regime tax for the AY 2024-25.

I have received demand from income tax department due to one challan as overbooked.
There were total three challans in the return. Out of which two are matched and consumed and one is mentioned as overbooked. However I have entered all the details of the challan correctly. Can someone please guide how to deal with this demand

TDS deducted by bank on my fdr from AY 2018-19, to AY 2024-25 but i was unknown so I had not filed itr for TDS refund I have no other income except FD interest. Can I file itr for past years now please suggest me how can I get refund from AY 2018-19 to current AY. 2024-25

ON MATURITY OF KISHAN VIKAS PATRA, IN WHICH HEAD SUCH AMOUNT IS TAXABLE?

Transaction In last FY (2023-2024)

Freight Received Rs. 14,55,000.00 ( Received By Cheque 12,00,500.00, By Cash 2,54,500.00 (Income from Own 03 Minidoor)

Freight Received Rs. 7,20,000 (Received By totally Cash) (Income from Hiring Minidoor)

can i use Both section 44AD and 44AE or use only 44 AE...........

Kindly give some suggestions.

Sir,

Pl guide me on how to show business loss in ITR 3 in no account case.

I have entered in No account case in ITR 3 bit business loss is not getting accepted in it. Is there any other way. Please guide.

Regards,
CA Manish Agarwal

How to verify DSC on E PAN....i have applied for instant E PAN and red cross sign is showing there..