sherin
08 February 2024 at 11:14

Expense sharing

On what basis we can share maintenance expense between group companies?


Hitendra Agrawal
08 February 2024 at 11:02

IFC Applicability for Singapore Company

The Company is having its Head Office at Singapore, Regional Office in Middle East and Branches all over the world. The Turnover Limit is USD 10 billion. Whether IFC or ICFR applicable on these entities?


Abbas Ali Bohra

Their is a company who has take over another without any settlement of accounts, Now we have stock of that another company of value 1.1 million rs and no other details we have. Now I have to shown those goods in my account books because we use in daily sales transaction. How can I enter stocks in my books of accounts because I have only stock details and no other details I have.
If I directly put stocks in opening then it will reflect the difference in Trial Balance and Balance Sheet.


nirav patel
08 February 2024 at 08:15

Notice Received u/s 133 (6)

I have received notice u/s 133 (6) and asked for ledger copy, sales register, inventory register, Bank statements, and other related documents but I have filed income tax return u/s 44AD so we can not maintained books of accounts as per income tax law.
Please guide how to reply this notice.


Saroj
08 February 2024 at 01:12

Form 26QB query

Date of agreement - 25.09.2023. Joint Buyers - Mr X & Mr Y. Total Sale consideration Value Rs 75 Lakh.
On 04.07.2023 paid token money Rs 1 Lakh (No form 26QB filed).
Remaining balance of Rs 73,25,000 paid on 29.01.2024 (as 1 percent of sale consideration Rs 75000 TDS)
Questions:
1. Payment type = Installment / lumpsum?
2. Total amount paid/ credited in previous installments, if any (A) - what should be this amount?
3. Amount paid/credited currently (B) - what should be this amount?
4. Total stamp duty value of the property (C) - what should be this amount


Harsh

Hello,

One of the important condition for availing exemption under Section 54F is that the taxpayer should not own more than one residential house other than the new property, at the time of the sale of the original asset.

What is the definition of residential house in the above condition? Does a residential plot (vacant land) is considered as residential house? For example, at the time of the sale of the original asset, if a person owns one residential house (residential flat) and a residential plot (vacant land with no plans of constructing the house or leasing the land in next 5+ years) and wants to invest long term capital gains in buying another residential house, will they be eligible for availing exemption under Section 54F? Please guide


Suraj Rawat
07 February 2024 at 22:39

DTAA between India and Taiwan?

Hello,

I'm inquiring about the Double Taxation Avoidance Agreement (DTAA) between India and Taiwan. I need to make a payment for technical services to a Taiwanese party and wonder if they can benefit from this treaty. However, upon my research, I found a treaty between specified associations instead of the governments of both countries. Can we still avail the benefits of DTAA in this case? Any insights would be appreciated. Additionally, if anyone has information on the specified associations mentioned on the income tax website, that would be helpful too.

Thank you.


fifene
07 February 2024 at 21:50

Digital Marketing Agency Dubai

Digital Marketing Agency Dubai

https://number9.ae/


PRIYA
07 February 2024 at 21:31

Schedule AL in ITR

I have short term capital gains of 20 lacs and long term capital gains of 35 lacs for the current financial year 2023-24. Do I have to fill schedule AL in ITR?


Jaswinder singh

Respected Sir/Madam,
Anyone have Format of Annual report of Societies Registration Act, 1860 of Haryana?? Kindly provide ...Regards





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