SHYAM KRISHNAN K
23 February 2023 at 15:51

LLP for investment objective

Is there any restriction for incorporate an LLP with the object of investment activity? A group of peoples required to invest different entities, for mitigating the procedure they have forming an llp and invest all other entities, if they require more fund they admit new partners on the llp, is this have any legal consequence under ROC or IT


pooja
23 February 2023 at 14:36

Balance sheet analysis strong or weak

I would like to know what all ratios to consider while analysing a balance sheet whether it is strong or weak balance sheet and how much the ratios should be?
Thanks in advance


Shreyoshi Dasgupta

There is a contract between JSW Co. and XYZ Company. The terms and conditions of the contract reads as follows that:

XYZ Co. shall send the manpower to carry the air conditioning machines from the gate of JSW Co. for repair. The necessary repairing has been done in the workshop of XYZ Co. The repaired air conditioners need to be handed over, to the security of JSW Co (main gate office). Whether the CLRA Act shall be applied in this situation?


Deshan Bafana
23 February 2023 at 12:45

Form 10IE AFTER DUE DATE

Form 10 IE WAS FILLED ON 29 MARCH 22 (after due date). For the AY 21-22 return filled in new regime and got demand . For the A.Y. 22-23 return was filled before due date in new regime but no new form 10 IE was filled and got demad.
What option are available


J M R BASKER

Facts : Filed Form 67 and ITR 2 for AY 2022-23 well before the due date. But while filing both Form 67 and ITR 2, FTC was claimed U/s.90 instead of Sec.91. (For Jamaica, there is no DTAA. Please correct me if I am wrong).
Query : CPC has not allowed the FTC, 143(1) intimation received. Can I file rectification U/s.154 after filing a revised Form 67?
Thanks & Regards.


Surinder

Dear Sir,

A person have business income from 2 business he is unregistered in GST because turnover is both business Rs. 5126400/- First business Rs. 2946300/-( Cloth Marchent ) and Second business Rs.2180100/-( Marble Supplier ) if he filed his ITR under 44AD Turnover business RS.5126400/- turnover as per gst is NIL so can he face any issue from GST department so please suggest


A K SARMA

We have to pay Leave Salary Contribution of Rs.289631/- and Pension Contribution of Rs.850800/- to one of our Deputationist who has rendered services from Tamilnadu Government and repatriated to home department. the demand has been raised by "The Accountant General (A&E) Chennai. whether we have to deduct TDS on these amounts or not if TDS is applicable, under which section to be deducted (192 or 194)
kindly advise


Piyush
23 February 2023 at 09:53

Sec 54F - Capital Gain Scheme (CGS)

Hi,

Assessee has sold listed long term equity shares (treated as any other asset) in FY 2022-2023 & planning to invest in CGS account as the proceeds will be used to buy a residential house in future.
In FY 2023-2024, Assesee plans to sell a piece of land (treated as any other asset) & will invest the proceeds in CGS as well.
The Proceeds of both the above asset will be used in FY 2024-2025 to buy a residential house.

Query
1. Can 2 CGS account can be opened in 2 different FY as above
2. Can both amounts be deposited in 1 single CGS account opened.
2. Can both the proceeds be used to buy a single residential house


kannan
23 February 2023 at 08:41

ITR V EVERIFICATION

how to solve this Since the return is not verified within the time allowed, same is deemed to be never furnished. This one is filed after due date


Amit Kumar

As my company purchased water tank Rs.5000 , whether it is office equipment or F & F , or it is expense





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