Regards ! Please advise me on the following Query :
1} What is the limit of Loan amount a share holder can issue to a private Ltd company

2} Can a Director give loan to a Pvt / Public Ltd Company - if yes then what is the limit of this Loan amount.

Is Loan Granted by a
(1) Bank
(2) Financial Institutions or
(3) Private Institutions
during the previous year towards the fulfillment of the objectives of the public charitable trust be treated as income /borrowings/loan.
Further: Is repayment of Loan be treated as expenditure/ deployment of funds.

A dealer registered under vat act has closing ITC of Rs.250000 in his last return filed for 6/17.He has not migrated into gst.He has been issuing invoices on the basis of provisional gstin.Now the purchasers can not avail ITC as the seller is not filing return due to migration failure.In the meantime the proprietor dies.How can the ITC under vat act be transferred to gst, If new registration obtained by the legal heir?

A state govt.employee has own annual NPS contribution of Rs.51000/-(10% of basic pay + DA)The govt.also deposit Rs.51,000/-.The employee has saving Rs.150000 in l.I.c under sec 80C.Now can he claim his NPS contribution under sec 80 CCD(1B)?Again can govt.share of Rs.,51000/- be claimed as deduction u/s 80 CCD(2)?

Sir,
A person has received enhanced compensation on account of compulsory acquisition of non agricultural land from the government during the assessment year 2017-18. Earlier he has received compensation for the same and claimed exemption under sec 54F. Does the enhanced compensation received attracts exemption under sec 54? Please clarify. Thanks in advance

Section 31 of the Indian Partnership Act, 1932 states that a person may be admitted as a partner either with the consent of all the existing partners or in accordance with an express agreement among the partners.

What is meant by "express agreement"? Please explain the difference between "consent of all existing partners" and "express agreement among partners".

Thanks & Regards

Dear Guru's
Kindly guide me whether cess on coal is refundable or not. We are in power manufacturing and Kraft Paper manufacturing unit. we purchased coal from Singareni Coals. They charging cess on coal. There is no output cess for our products.Can we avail input on such cess? Kindly advise me.

Regards
M.RamKumar

Mr X is providing passenger transport services and Charge GST @ 5%
He bought bus for the same purpose and paid gst of 20 lacs on same.
Does he is eligible for taking credit of gst paid on bus purchased even though tax paid by him is at 5%

5% rate read as: Transport of passengers, by Air conditioned contract/stage carriage other than motorcab - 5%No ITC

and negative list of input credit reas as: Cases when ITC is not available under GST
(1) Motor vehicles & conveyances EXCEPT : If you are providing
transportation of passengers then ITC will be allowed on the vehicle
purchased.

Dear Sir,

Greetings

I have a query related to credit Note for sample invoice .

I sent sample material to buyer for testing purpose and issue invoice at that time with charge IGST tax , now he asking for credit note for the same invoice .

could you please clarify me that can I issue credit note for this invoice ,if yes then , can I take ITC which was paid by me to department in .

thanks in advance

my client purchase land approximately 20 year before and land not disclose in income tax return now he want to disclose land in Balance sheet, please suggest me entry and tax treatments of disclose