Process of consolidation of Asssociates

i) First year Associated company incurred losses. let 30,00,000
and
ii) Second year company incurred profits. let 70,00,000
iii) there no concept of pre acquisition profits since investment (let 3,00,00,000) made immediately after incorporation.

How Consolidation do for 2nd year

I have received monthly interest on Post Office Monthly Income Scheme (MIS). I received in FY 2016-17 approx 36000/- interest through my Post Office Monthly Income Scheme (MIS). Is this interest is taxable Under Income Tax Act? Post Office never make any TDS on MIS. Please advice, Is this income should be shown in ITR column of INCOME FROM OTHER SOURCES or NOT? Please give me your expert opinion?

Dear Sir,

One of my client received intimation for Adjusting Refund Against Outstanding Tax Demand, Section 245.
The demand payable as per intimation 143(1a) for AY 2011-12. for Rs.221770/- Income Tax Return for AY 2011-12 filed was manually. As per Income Tax Intimation for AY 2011-12 u/s 143 (1) received on 08.10.2012 in this the TDS credit Rs.115962/- & Advance Tax credit Rs.85000/-not given. After that we filed the rectification request u/s 154 along with all documents (Form 26AS & advance Tax Challan & other details) on 05.08.2013 & 20.02.2015 to Jurisdictional AO. But still why the outstanding demand for AY 2011-12 is pending. We have not yet received the rectification order u/s 154 for AY 2011-12. Demand uploaded by Jurisdictional AO.
Yesterday, We received the intimation us 245 in this intimation demand is still shown for AY 2011-12 and our Refund is adjusted against outstanding demand.

What can do now?
Kindly suggest the same.
Thanks & Regards

Dear Expert

Kindly advise 1. we are a manufacturer purchasing raw material from AP (Andhra pradesh) and that material we instructed to delivery at our Job Worker Place located in TN. in this case what is the procedure and rate of GST

2. One more material from TN and it should be delivery at our job Worker place in TN and bill to us what is the GST

For the above option is permit the GST or Not and which rule

I had done export for the month July, 2017 with payment of IGST and claimed refund of IGST. However, while filing GSTR-1 for the month of July, 2017 since my series of invoice for export and for local sale is same in invoices column for export I had mentioned 'E' above invoice number i.e. E-45 instead of 45. Thus, while processing refund for the month of July query of 'mismatch in invoice number' raised and I had not received refund for the month of July, 2017. What shall be solution for same since no option to edit GSTR-1 for the month of July, 2017.

honorarium paid by state govt to sarpanch or police Patil in village os taxable or not unfertilized which section

Dear Experts
if purchaser want to return material to supplier, then which document the purchaser will issue to return the material to the supplier.

Kindly Help

Can a Indian pvt ltd company gift shares held by it of other company to any individual or any other entity ?
If yes, tax wht r applications on Donor & donee ?

If an Auditor is appointed due to casual vacancy and adt-1 of the same has been filed. Later since AGM was near hence instead of conducting EGM to approve the appointment members approved the appointment in agm itself and the auditor is reappointed for further period of 5 years also during the same agm. Do ADT-1 need to be filled again?

i have open a drop shipping store .i m base in india .the website has products from wholesales outside india .i am directly delivering those product to customer based out side india.i do not hold any of those product i india
1)do i need to charge tax to customers buying outside india?
2)will i be taxed for on the money i will be making as it going to be in an indian bank ac(current)?
3)how should i explain the money which is coming inn?