Suppose a Partnership firm dealing in Finance & Leasing takes Interest from Loan given in Cash.
Example- Rs. 1,00,000/- Loan given and Interest of Rs. 1,250/- per month. So Rs. 1250 can be received in cash monthly?

What are the implications of Such Transactions?

I have tDs cre

We made a mistake in PAN while filing TDS Return. There was mis-match in one letter. IT Department raised demand under section 206AA. Is the amount payable, as there was only one letter mismatch.

Can merchant exports still use the facility of LUT. Or do they have to only follow the new procedures notified for exports under concessional rate of GST. There are some cases where the Purchase orders were issued long before the new procedures came in to force and what to do in such cases.

Dear Experts..

How & Where to file Form No 10BA to take deduction u/s 80GG.

weather i have to File it online or Offline ????

FIRM STARTED IN SEPT-2017 ... SEPT-2017 SALARY TDS DEDUCTED ON OCT-2017 & JULY TO SEPT-2017 FORM 24Q TDS STATEMENT FILLED ...AFTER THAT WHAT IS THE PROCEDURE..

AM I REGISTER UNDER TRACES OR INCOME TAX????

Sir/Mam,

when I am filing my return 3B by mistakely entered RCM inward column in out column and also ITC column it is showing tax payment, but we are not having any unregistered purchases now I am not able to file my return if I want to pay tax or not if i pay tax in rcm it will be show in credit ledger I can take ITC or not

please clarify these doubt

Thanking You

Dear sir,

How to account associate company in the preparation of consolidated financial statements?
what is equity method of accounting?

Hello sir
I am IPCC student ....in Nov 17 I am giving a Exam....
In 1st Paper Accountantcy.... In the place of Number of Answers Books Used in that place i write my name....by mistake....means I have no intension to write name.... because of pressure I red wrongly... I read that name of answer book used.... So now I don't know what I will do.... please give sum suggestions...
Thank you

Hi All,

My ITR status is EVC accepted but it is not processed.

Regards
jaq