I want to sell my Pvt Ltd Company.

Dear Sir

We have current account + CC in nationalised bank. Our bank is know saying to close current account because of Circular dated 6 aug 2020 RBI.

What steps we can take to ensure that current account is not closed.

Hi
Is there any Accounting Standards for Capitalizing the Tools. We are capitalizing the Tools- Moulds, Dies and Punches with 1 year life in the USGAAP & IGAAP.
The question is about the date of Capitalization. Is the date to be considered, when we "put to use" or on the basis of "date of purchase"
Kindly opine
Thanks
Pramod

I booked residential property in 2015made some advance payment and got allotment letter on making advance payment . The position of flat will be given in march 2021. The balance payment of 40 lacs is to be made before I get possesion / the builder makes sale deed iny name
I sold my existing (old) property (which was purchased in 2007)in December 2020. Capital gain on this old property which was sold in dec.2020 works out to be 30 lakhs. please guide can I get the exemption / benefit. Also inform what will be the date of purchase of new property date of allotment which is dated 2015 Ordate of sale deed which will be march 2021
Thanks in anticipation

One of my client in India is having one office in partnership in Hong kong .
he has earned commission Income for selling goods to Columbia which he has purchased from china.
Income accrued and received in hong kong only.
now he wants to remit the forein earned income in india.
what will be the Tax implications as per Income Tax Act and as per GST act ????

In FY 2019-20 wrongly I had paid CGST/SGST (using input credit available) in GSTR3B instead of IGST. But while filling the GSTR1 I had shown the liability as actual that is IGST.
How can I correct this issue?

As the Annual return for 2019-20 is due, my turnover is below 2Cr, and it is not mandatory to file GSTR9. but to correct my returns kindly advise how could I proceed.

I am currently living in a self owned flat. I also booked new under construction flat in 2016 for which I am going to get possession in 2022. My plan is to sell existing property in 2022 and move to new property.
Query1 - Can I claim capital gain exemption under section 54 on my old Property sale as I am selling old flat and taking possession/registering new flat in same year (although I have booked it in 2016)?
Query2 - Can I claim pre construction interest rebate on new flat?

We are maintaining HUF A/C assessed in IT till date.All cash balance of Huf deposited in FD with bank getting interest from it.
Now we are deciding to make partition among family members of cash balance.
What is the procedure to close this a/c and to surrender our PAN of Huf to IT department

Professional fees includes travelling charges say Rs.1000/- professional fees , travelling charges Rs.200/- Total Rs.1200/- and requested to Banker . the Banker credited to my Account . Now my question is shall i pay Service tax for RS.1200/- OR i shall pay service tax for Rs.1000/- .
Request is made in one letter and separately mentioned .
Please answer and to E Mail.jayaramrajurs@gmail.com

In the A/y 2017-18 We have filed the Return U/s 44 AD and in F/y 2018-19 we have been audited U/s 44AB (a) in the current A/y 2020-21 out turnover is 46 lacs can be file the return by just filing the balance sheet and profit and loss account and declaring profit @ 10%. uder normal provisions. Or Audit is Compulsory