explain the sentence
g.gupta"s acceptance for rupees 4000 which was endorsed by katrak to mehta was dishonoured .mehta paid rs.20 noting charges. bill withdrawn against cheque
Dear Sir, I would like to get your advice on the investment valuation and payment of dividend.
Company A invested Rs.1,00,000/- (including transaction cost of Rs.1000/-) in Company B in 2016. Company A showed the investment in BS as investment (capitalised the transaction cost also Rs.1000/-) total Rs. 1,00,000/-.
Company B is not a listed company so the fair valuation of investment not done till today due to non availability of company B's valuation statement.
Now 2022, Company B valued 10 times more. my question is
1. Company A is loss making company and no reserve in equity. Can the company pay dividend to the share holders.
2. how to account the investment valuation Gain in company A's books
3. From the investment gain Company A can pay dividend to its shareholders
4. if can pay dividend then how.
Requesting your good advice and help to solve this problem
Can an NRI become a partner of a firm providing warehousing services to Food Corporation of India? Warehousing services include fumigation and other serivces for storage of food grains etc. This NRI has citizenship in UK, but staying more than 180 days in India. Can he invest in the partnership firm? Will FEMA provisions be applicable in this case?
I submitted form 26Q for Q1 of FY 2022-2023. Although there is an acknowledgement no, but no RR no as it was rejected at e-filing. What is the procedure now. Should i file again for Q1?
Individual having commercial property in his personal name was transferred as asset in his partnership firm by way of J V
Partnership Firm is claiming depreciation deduction and also showing rent from the property as income
Now the commercial property is to be sold
Since property is in individual name sale proceeds will come in his personal account
My question is who will bear capital gains tac, individual or firm
and if taxed in individual hands how to write off asset in firm books
Sir A dealer recd. sale amount through Paytm after deduction of gateway charges by paytm. Whether TDS is require to deduct on gateway charges paid to Paytm and if TDS is require to deduct then under which section we have to deduct u/s 194H or u/s 194J bcs. bill raise by paytm under GST HSN/SAC SAC CODE - 997159 : OTHER SERVICES AUXILIARY TO FINANCIAL SERVICES.
The assesee got his application approved to file revised ITR of his deceased wife to claim refund for Ay 17-18 and order is listed online.
Oiginal ITR was filed as hard copy with the local office.
While uploading the revised ITR u/s 119(2)(b) error message is coming that Receipt no of original ITR is not correct as it was deposited at ASK.
How do we upload it ?
THANKS FOR YOUR GUIDENCE.
WHETHER FORM E IS TO BE FILED BY ME IN COMPLIANCE TO MERGER PROCEES. IF YES, WHO WILL SIGN THIS FORM E. ONLY PROPRIETOR WHO IS GOING TO MERGE HIS FIRM OR ALL OTHER PARTNER OF MERGED FIRM.
WHETEHR ANY OTHER WAY AVAILBALE ON PORATL FOR DIRECTLY MERGING PROCESS WITHOUT FILING FORM E.
Good morning sir/s, in one case the IGST liability not entered in GSTR3B by over sight the same is entered in taxable value column later, than the GST Superintendent noticed and advised the assesee to pay the same, due to lack of knowledge the assesee paid the same by way of reducing the ITC in the year 2018 to the extent of liability payable for the year 2017, at that time the GST superintendent also accepted verbally and closed the matter, as discussed with he was also sent a report to his higher ups in this issue by closing,
now, for the same issue present superintendent issued a show cause notice without considering all these facts, however the assesee reduced, while claiming ITC to the extent of payable,
kindly guide me in this regard how to handle the issue
Dear Sir/Ma'am,
I have started working from March, 2021 (my first job). My total income for the year (2021-2022) was 4,00,000 as per form 26AS on income tax portal. I talked to employer about filing ITR. He said you don't have to do it now. Now, I am worried that I made a blunder. I want to rectify this. Please advise me on this.
Ca foundation (accounts)-bills of exchange and promissory notes