Dear Experts,

Good Day!

We are an e-commerce fulfillment company. We hire TATA Ace Vehicles on a fixed monthly basis to carry out deliveries to our Customers within a city. All of these drivers are not registered under GST and are individual truck owners. I want to understand if such service falls under the ambit of GTA and hence the applicability of RCM Liability on the Company?

Thanks in advance!

In our co. when co's current a/c not open that time all partner put money in one partner SB A/c and form this a/c they make payment regarding the same, I have some below query?
1) Partner Y, Partner Z transfer money to Partner X Saving bank a/c ....... what will be the entry?
2) Partner X paid expenses from their Saving Bank a/c for business ... what will be the entry?
3) All remaining 5 partners transfer 10,000/- each to Partner X (Active Partner) Saving Bank a/c towards Salary ..... what will be the entry?

Respected Sir\Medam, The Matter is - we cover a part of factory with Tin Shed of Iron, the area use for factory purpose, now my query is that whether I am eligible to get ITC on such material or whether its fall under building material, Please guide me.

Kindly answer my query.

ITDS of Rs.50,000/- was deducted by PWD deptt.against works done during FY 2018-19. The payment of work was made during FY 2019-20. The PWD deptt. deposited ITDS of Rs.50,000/-but treated the same as of FY 2019-20. What should I do now ? Whether I should claim ITDS during FY 2018-19 or else ?

Hi all,
Whether corporates, who become members have any benefit for their CSR activities or
Should they donate to have benefit of CSR activity

Thanks in advance

Regards,
Geetha Gupta

I WANT TO KNOW THAT CAN I INCORPORATE 2 LLP WITH SAME REGISTERED OFFICE IN WHICH ONE LLP WHO OWNS THE PROPERTY GIVES NOC TO OTHER LLP TO USE ITS PREMISES FOR REGISTRATION PURPOSE.

1.I have claimed MTM loss for Futures for FY 2018-19 for open positions as on 31st March 2019.
In Current year also i will mostly have loss,i am thinking to take profit or loss when i actually square off positions,and not as on 31st March 2019 MTM.
Can i do the above?
2.Also is there a need to realize gain or loss when i rollover my contracts?

My client is running a Poultry Farm and he purchased cages for hen. Under which head it is to be classified and what % of Depreciation is to be provide for the same?

We had filed the IT Return for a person who is working in a public sector bank after the retirement from Indian Air Force. We claimed the full deduction for the gratuity received from Indian Air Force u/s 10(10).   

Now we received the Notice received for proposed adjustment u/s 143(1)(a) with the error description. "claim of deduction u/s 10(10) -death-cum-retirement gratuity received is more than the threshold limit"

Kindly advise what should we have to do in this case.

Hello All,

I have a case where the IT Return was filed on 20-12-2019 for an unregistered Public Trust. The return was filed even though the tax is not paid and for that instance even the amount that was appearing to be payable is at MMR.

So what could be done now?

Should i not verify such return and prepare revised return where tax payable will be put down to nil?

What if the return is not verified? Do i still get the demand notice or defective notice?

Please guide me in this regard


Thank you