in companies act -- furniture which has detoriated by white ants can be written off
when furniture is destroyed/ dismantled
as per income tax can we write off the above furniture -which amounts to a long term loss
as there are other fixtures also in the block asset as declared as fixed asset in case of a
public company
pls guide how can we take into account the above loss as per income tax rules and
can we c/f the loss or write off as depreciation
thanks

Hello,

From where can I get the various main and sub heads of accounts.

Thanks

if only address is changed, do we make only small deed stating new registered address or full deed we re-make?
my view--only make small deed stating new address and effective date.

anyone has any format for address change in maharashtra?

A firm converted its capital asset being land which was acquired in the F.Y. 2015-16 for Rs.47 lacs into stock in trade on 01.04.2021 at the Stamp Duty Value being Rs.205 lacs. Later, a layout plan was approved, development was completed in FY 2023-24 and the land was diverted and sold as developed plots. Around 40 percent of plots were sold during the FY 2023-24.
Till the FY 2021-22 the accrued capital gain shall be taxed as Long-Term Capital Gain but shall be taxable in the FY 2023-24 with indexation upto FY 2021-22 only, on the plots sold during this year. How such income/transaction shall be filled up in ITR 5. Please guide. Thanks

HOW TO ADJUST A CREDIT NOTE BILL FOR SALE TO AN UNREGISTERED PERSON IN INTER STATE/OTHER STATE , WHEN INVOICE VALUE IS LESS THAN 2.5 LAKH?
WILL IT ADJUST IN B2C(OTHERS) TABLE ?
IF, NOW B2C IS NIL , THEN HOW TO ADJUST IT?
PLEASE ANSWER AND HELP.

Dear All
RCM exemption limit up to purchase Rs 5000/- per day / per person still exist or withdrawn by GST department ?
If removed then what is the current unregistered purchase limit for RCM ?

Regards

Sir,
A person new started forex olymp trade investment some amount and some transactions trading
Question:
Assessess itr returns filed compulsory or not.

Hello Team,
I got an offer from JAPAN company. Where i suppose to work from India with intermittent visits to JAPAN for 2-3 weeks.
I would need your assisnace on tax part. My queries are as follows

1) Where should i ask them to deposite my salary
a) Indian Bank Account
b) International bank Account
c) JAPAN bank Account
2) If salary is created in Indian Bank Acc
a) Do i need to pay tax in JAPAN?
b) Do i need to pay tax in india?
c) Both?
d) do i need to pay GST in india?
3) If salary is created in International bank Account/ JAPAN bank account
a) Do i need to pay tax in JAPAN?
b) Do i need to pay tax in india?
c) Both?
d) do i need to pay GST in india?

Hi All,
i have query regarding the PF, Assessee is in USA and had account of PF and wants to continue by paying some amount into PF account and she doesn't have any income whether she needs to file the return or in USA she as to show the amount in invested in PF account.

Hi,

Wanted to understand which Finance Act will be applicable for AY 23-24 i.e which finance act is applicable to determine tax rates and surcharge rates applicable for AY 23-24? Whether it will be Finance Act 2022 or Finance Act 2023? Please let me know. Thanks