1. There is maximum limit for remuneration to partners?
2. Then it is any provision to maximum limit of remuneration to each partner?
3. If there is 2 working partners in firm and other 10 is sleeping partners, then remuneration can be distributed among all 12 partners or 2 working partners only?

WHAT IS THE LOGIC BEHIND 11.88% DEP RATE ON PLANT AND MACHINARY IN COMPANIES ACT 2013?

Rs.100000 input was deferred in FY 23-24 (not claimed in 3B of FY 23-24)...out of which Rs.60000 claimed during Apr-Oct-24 and Rs.40000 not reflected in 2B so reversed in books in FY 24-25.
In table 12 of GSTR9C whether this Rs.40000 ITC which neither claimed in 3B of FY23-24 nor reflected in 2B required to be show as ITC as per audited financial statement as on 31.03.24.?

Sir, my query is what is the GST Rate for Work Contractor for Government Company before 17.07.2021. Is it 12% or 18%.

Sir, Fy 23-24 , One business turnover 80lac and another one business turnover is 90 lacs. Total turnover is 1 crore 70 lacs. Can I opted presumptive taxation scheme decraled 8% profit and file. Pls reply

Can an NBFC Company give loan to another Non-NBFC Company with Common Directors ?

Dear Expert,
My company is ABC India Pvt Ltd and bought the raw material from "A" company and gst rate is 5% but when putting this raw matrial in the production then some material getting Scrap/wastage and some is ready to sales (FG) and my final Fnished goods gst rate is 18% when i am selling.

I have an three question raised on my query
first question question is : in this above scenerio : what will scrap or wastage impact in manufacturing trading profit and loss account and balance sheet means which head impact in the P&L & B/alance sheet account as well as journal entry. ?

Second Question is : in this scenerio: If i am selling scrap/wastage then what should i charge the GST rate on scrap/wastage like 5%, 18% because during the production time bought the raw material gst@5% and during the sale i am selling my product gst@18% so, Please clarify what should i charge the gst rate on scrap/wastage 5% or 18%? as well as what impact on manufacturing trading profit and loss account and balance sheet and journal entry ?

Third Question is: in this scenerio : i am bought the raw material gst@5% and selling the product (FG) gst@18% then i am lossing the itc 18-5 = 13% so, what will the treatment under gst for covering the itc and any rule with practical example.?

Please assist me

Thanks

If return is filed before due date and stcl is carry forwarded but department had issued Notice u/s 143(1)(a) and time for response is lapse then what to do in that case?
whether rectify or revise the return?

Hii!!! there is one patnership firm consisting of two patners. one patner died on 16/2/2023. do we need to file income tax return ???
what complaince we need to follow in such case where partnership firm has two partner and one partner dies??
does it automatically dissolved???
do we have to intimate to any authority??

Sir, we are commission agents in APMC in bangalore. we buy directly the Dry Red Chillies from Andra and sale to the buyers in kolkotta for export. we get the money directly in to our bank account and same is paid to the farmers immediatly.

My question,
1. do we need to pay RCM for the Dry Red Chillies purchased from the Farmers?
2. do we need to charge GST to the buyers in Kolkotta

Shivkumar
9845845151