C Pte Ltd is a Singapore registered private limited Co. holding 49999 shares out of 50000 shares of Indian Pvt Ltd company. C Pte Ltd want to sell its entire share ( 49999 ) to its 100% Holding company G Pte Ltd.
Can C Pte ltd sell its share at face value ?? i..e INR 10 per share which is way less than its calculated share value which comes to approx INR 80

We registered under GST on 4th of Sep 2022 and our turnover for the F.Y. 22-23 was below 2 crores. Do we need to file GSTR 9 AND 9C for the F.Y. 22-23

Our subsidairy company owns office premises, which it has rented to Parent Company. Parent Company is showing a Interest free loan in its books to the Subsidairy. The land on which office has been constructed originally belonged to MSRTC. The Subsidairy Company does not have any sale/revenue of its own. No transactions in its books. Dear Experts, kindly advise regarding the accounting entries in books of Parent Company and Subsidairy Company in case of Merger. Kindly advise with respect to percentage of stamp duty in case Subsidairy is merged with Parent Company & its calculation

Why ITC can't be availed on Building materials what's the actual reason? and

Is ITC available on Staff welfare expenses and Canteen-related expenses?

When Owner enter JDA and received Cash & Flat both as consideration as per agreements, and if he resold those flats, what would be the cost of acquisition for the flats?

Dear Sir ,
For single owner frenchisee in investment advisory which type of entity is better for protection and benefiting tax and liabilities. Please advise and guide

Dear Members,

In one of the Assessment Proceedings for the Assessment Year 2018-19, The Faceless Assessment Unit has considered Income from Intra day Trading in Equity and Income from Trading in Futures & options as Short Term Capital Gain.

The Assessee has considered Income from Intra day Trading in Equity as Speculative Business Income and Income from Trading in Futures & options as Normal Business Income which in my opinion is correct.

Whether the below noted contention of the Assessment Unit is correct ?

Contention :"Since the assessee is an Employee of a PSU, the Profit from Intra day Trading in Equity and Income from Trading in Futures & options is considered as Short Term Capital Gain and hence the same is calculated accordingly"

Hi All,

I submitted ITR 2 FOR financial year 22-23 and got a refund in Aug. Now I have realised that I have shown higher FD Interest income in my filing. So I believe I have to file a revise ITR 2 and claim for a refund.

Just want to understand how I have to show the refund in my revised filing which I received earlier. Whall All things I have to take care of in my revised filing

Please suggest.

Regards,

Dear Experts,
Please guide me on below mentioned method of availing ITC in GSTR 3B as per GSTR 2B.

Total auto populated in 4(A)(5) Rs. 100000/-. On matching 2B, I find that Invoices not received to accounts Department for ITC Rs. 5000/-.

Here, I am claiming full ITC under 4(A)(5) which is Rs. 1 Lakh and Ra. 5000/- is being reversed under 4(B)(2).

And in next month, I receive missing Invoices having ITC Rs. 5000/-. Then, In next month's return I am adding this amount under 4(A)(5) and the same amount is being showing 4(D)(1).

Am I doing right?

Sir/mam,

We have dowloading Format A from Einvoice Portal and filling details and uploading Einvoice.

We are exporting and sale invoice raised in consignee name Mr. y( Sale Invoice raised and Good delivered ) and Buyer Mr. Z (as per PO issued in the name of Mr.Z in his terms and conditions he informed to raised invoice and delivered good to Mr. Y )

Now my doubt in Format A Einvoice buyer Place which name i had to mention Mr. Y and Mr. Z

Shipping Bill details not mentioned in Format A at the time Einvoice

When Filing GSTR1 We have entered Shipping Bill details after that einvoice refnumber not showing it is correct or not

Thanking you,