Sir,
One I.t. assess made payment for construction of commerical building .
1.Cash payments Rs.7,50,000/- ( all payments are above 10000/- limit)
2.Rs.9,00,000/- through on account payee cheque.
Question:
Cash payment value Rs.7,50,000/- including construction account allowed or not.
Cash payments value amount depreciation claimed eligible or not and accounting entries passed.

Dear All,

1) I want to know about filling procedure of form 10FA with Assessing officer i.e whether we can filing online or how we can filling.

2) What documents required for attached with Form 10FA.

Kindly advise

Thanks in advance

Rohit

Dear Sir / Madam

What is the GST rate of tax of Cement Hollow Blocks ?

Pl suggest me

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Respected Experts

pls give me example of BOI if any is there

Mr. X purchased a residential house property in FY 2007-08 and claimed stamp duty of Rs. 1,20,000 as deduction u/s 80C in Income Tax Return of FY 2007-08 (AY 2008-09).

Now, Mr. X has sold this residential house property in FY 2019-20. In order to compute capital gains, this stamp duty of Rs. 1,20,000 can be considered in cost of acquisition?

Please clarify whether the due date for filing Form 24 TDS Annual return for the FY 2019-20 due to ordinance issued by govt .

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I have a query related to Share Transfer- Kindly advice me on this.

There's a Pvt ltd co with 3 directors cum shareholders with ratio of 60:35:5. (Let's say A:B:C)

Now, B&C will go out and transfer 35+5 (total 40) percent shareholding towards new Director cum shareholder Mr. D and A will continue at 60percent.

To do this,

1. Should Incoming Director be taken on board first as additional director and ratify in the agm and then should the transfer take place?
2. Can we have transfer of shares to Mr. D even before he is taken on board and then follow additional director procedure
3. Does Issue of Right Shares or Private Placement come into picture here.

Kindly suggest me the best way to tackle the situation.