Hello Experts,

I'm an accountant working in Pvt Ltd, We have separate 2 pvt ltd companies in separate location but now the management taken decision to shift the inventory & FA to one location. Please let me know the statutory implication on this. For both the companies same directors.

In future there may be chances that FA will be used for the both company production activity, as a professional accountant i have made some points to management, but still i seeking best points from experts. sa that management should not blame me for future assessment issues.

Request all the experts to let me know the IT, GST & other statutory implications.

If a person has purchased flat without sale of any flat or property. in this case purchased flat entry is necessary to show in capital gain schedule or other schedule?

Due to Non filing GST returns continuesly 6 months AO cancelled GSTN and due to delay to apply for revocation of order, AO rejected it and then we gone for appeal to appellate authority and now appellate authority has PASSED APPELLATE ORDER", but still our GST number is INACTIVE. please guide why is it and now what to do.?

Ddo did not deduct tds as per income whether he ask employee to deposit tds in TAN N.and can give credit employees

Hi

I applied for cancellation of GST Registration, Am the Composite Dealer and filing of quarterly returns but before going to cancel i need to file jan 20 month return in 4th quarter but am trying to file but system is not accepting the return & msg is showing that "Invalid Return Period. If error persists quote error number AUTH113 when you contact customer care for quick resolution"
Shall i cancel the registration directly, Please suggest and help me out in this regard.

Thanks
Rajesh Kumar
9848118808

Dear All,
Please help with the following question quoting the relevant sections and provisions:-
A Ltd. imported a capital asset into India on 24th February, 2020 for 10000 USD when the exchange rate was Rs. 70/USD. The company made the payment on 25th May, 2020 when the exchange rate was Rs. 72/USD. Compute the depreciation under IT Act for A.Y 2020-21 & A.Y 2021-22 assuming the rate of depreciation as per Rule 5 is 15%. The exchange rate as on 31st March, 2020 is Rs. 68/INR.
Will the answer change:
a) if the payment was made on 25th November, 2020?
b) if the rate of exchange as on date of payment was Rs. 65/USD & as on 31st March, 2020 was Rs. 73/USD?

Please help me to generate form 16.

The taxpayer company is registered under GST in Punjab having turnover of Rs. 10 Cr. It has set up a wind power plant in Himachal Pradesh from where electricity so generated shall be sold to the local company in the Himachal Pradesh. As the wind power being 'electrical energy' is exempt from GST, therefore, the taxpayer shall be exclusively engaged in effecting exempt supply in Himachal Pradesh state. In this background, do the taxpayer company need to get registration under GST in Himachal Pradesh?

 One of My Clients Received Tax Demand Notice under 143(1)A. for A.Y : 2013-14 = Rs..17090 and A.Y : 2014-15 = Rs.82480.

But he has a Refundable TDS of Rs. 72310. in the A.Y of 2019-20. Can he Adjust the Tax Demand against the Current TDS?. If yes How can I file this Return.Please Guide Me.

Being Supplier i have not generated e way bill at the time of movement of goods, now after one year, weather question would arise why you have generated e way bill at the time of movement of goods.truth is that I was not aware that in intra-state & within 50 km i will have to generate e-way bill.. pls advice what to do know ?..