Partnership Firm filed ITR-4 under Presumptive Income during previous Assessment Year. How to opt-out of Presumptive Taxation? Also filing ITR-5 option is not available only ITR-4 is available. What to do in case business suffered overall loss?

Dear Sir
Good evening

Please advice to reduce remuneration for directors

What will be the accounting treatment when material is return after payment has been received ?

Hi Experts,
My Flat was unoccupied for 2 years and then we had incurred huge costs for Renovating the property & also the society asked for some structural building work for mandatory repair.

For last 9 months in FY 22-23 my flat is now been rented out but now how do I deduct above costs for its tenantable state?

Thanks,
DM

TAN NO GENPACT INDIA PRIVATE LIMITED REQUIRED IF POSSIBLELLLLLLLLLLLLLLLLLLLLLLLLLL

The firm having 5 partners. This situation, we are calculated and paid the interest on capital to only 2 partners capital. Is eligible U/s. 40(b) to give interest on capital to that 2 partners.

Can we claim deductions u/s 54F, 54EE and 54EC simultaneously.

Also what is the rate of return under 54EE Mutual Funds

A Indian company is having 100% owned Foreign Subsidery.

There is a Loan given by HOLDING to Foreign Subsidery. Now Subsidery is sick and out of business and under liquation process in Foreign country ( as per local laws)

Need to understand the impact in HOLDING company books.
a) Under what Heading Holding company have to provide in books
b) Is there any pre or post restriction in FEMA / RBI Permission
c) Is there any other options to mitigate the losses.

Dear Sir/Madam,

Request to kindly clarify the following query,

If a GST registered company availing security services from a GST registered Security service provider whose company is a proprietorship firm and providing us a GST invoice need to also file RCM, as we are already claiming ITC for the gst invoice provided from the security agency.

Thanks in advance.

Regards
Accounts Department
SSBJPL

if assessee having two business income

1) income from trading of goods
- Turnover is below 1cr
2) income from future and options - Turnover is below 1cr


* 12% profit from Trading of goods
* losses from future and options


Previously ITR filed under 44AD

Please advise me that we need to audited our books of account to claim of future & options