Dear experts, we have formed a partnership firm on August 2016. The firm is in prototype development stage so there is no revenue generated. I want to carry forward the losses from FY 2016-17. my query is,to carry forward the losses is it necessary to do tax audit

Dear experts, we have formed a partnership firm on August 2016. The firm is in prototype development stage so there is no revenue generated. I want to carry forward the losses from FY 2016-17. my query is,to carry forward the losses is it necessary to do tax audit

Dear experts, we have registered a partnership firm in August 2016. The firm is in prototype development phase,we have generated no revenue. I have to file ITR for FY 216-17. I want to carry forward the losses from FY 16-17. so my query is it necessary to do tax audit to carry forward losses.

Kindly give your expert advise on the below matter :-   We have to upload consolidated Form 15G/ 15H for a full financial year for a company.  The interest  on deposit is being paid to the depositors monthly. Certain persons’  interest is below Rs: 2.50 Lakhs per year and we have collected 15G / 15H from all these incumbents.   *Whether we have to upload Form 15G/ 15H in every a quarter whenever interest is paid.   OR   *Whether we have to upload this only once for each such depositor    ( ie. In the quarter when they have opened the  a/c  ) .   Pls Advise...

Hai We have to upload Form 15G/ 15H for a full financial year for a company.  The interest  on deposit is being paid to the depositors monthly. Certain persons’  interest is below Rs: 2.50 Lakhs per year and we have collected 15G / 15H from all these incumbents.   *Whether we have to upload Consolidated Form 15G/ 15H in every a quarter whenever interest is paid.   OR   *Whether we have to upload this only once for each such depositor    ( ie. In the quarter when they have opened the  a/c  ) .   Pls advise.

Dear Sirs,
My query is related to having bank account in maiden name for a women and it's implications.

My client opened a bank account in maiden name with proper KYC including PAN number with maiden name. Post marriage the PAN card was updated to reflect new name after marriage. However the details in bank account are not updated with new name and still is operative in maiden name. My client has adhar card on the new name post marriage. Since there is new requirement to link PAN number with AADHAR number, please advise on the implications in the above scenario and what needs to be done in order to keep the account safe.

If a dealer has migrated in gst, whose turnover is below 10 lakh can he cancel his registeration, if yes then what is the process, if no, then do he need to file returns and pay gst even when his turnover does not exceed 10 lakhs or there is any alternate solution so that he can be saved from paying gst and filling returns

Sir,

An individual has a house purchased by him in 1990, from his own income .

He has made some changes and additions and renovations, in this house, for 3 or 4 times, during 1990 to 2017.

But, he has no any invoices of purchase of this house. He does not have any invoice of any renovation work, to prove the expenditure of renovations actually made.
No any other records or documents are available to decide the cost of purchase and cost of additions and renovations.


Now, if this house is to be sold, then …
How to decide the indexed cost of acquisition of this house, to arrive at the capital gain?
How to calculate the capital gain ?

Can I take any amount I want , which is beneficial to me, as Purchase price and as sale price, to arrive at lower capital gain ?


Please, guide and give the solution in this.
Thanks.

Dear Sir,

We have a client who has not filed Income tax return for the AY 2016-17 till today. Further he has to get IT refund also according to the Income Tax calculation for the said AY 2016-17.

Can he file IT return for AY 2016-17 now and is he eligible to get a IT refund.

Please clarify.

Regards,
Sangram Nayak.

HI
ACCORDING TO GST RULES , IT IS NOT PERMITTED FOR CENTRALISED REGISTRATION , HOW CAN I GET REGISTERED IF I HAVE BUSINESSES IN MORE THAN ONE STATE?