The matter is as below:

In an Charitable Organization, one fixed asset of Rs. 10 lacs is booked twice in FY 2021-2022. So one amount can be reversed in now as it was twice booked. Depreciation is charged on both amount from FY 2021-2022

Before filing PAS-3 the Paid-up Capital was Rs. 16,56,000.

On 13/09/2024, PAS-3 form was submitted for Increasing Paid-up Capital by Rs. 6,72,000. So therefore the total Paid-up Capital after the approval should be Rs. 23,28,000.

But after approval the Paid-up Capital is Rs. 6,72,000 only in updated Master Data.

Once I re-check my filed PAS-3 form I noticed that I have submitted only Rs. 6,72,000 in Point 20- Capital structure post allotment instead of Rs. 23,28,000.

SIR,
GST PORTAL ALLOW TO CORRECT GST NO OF PARTY IN GSTR-1 FILED BUT E INVOICE AND E WAY REMAIN THE SAME .AS THEIR IS NO OPTION TO CORRECT THE SAME IF ANY MISTAKE.WHAT IS SOLUTION TO THIS WHEN IN FUTURE GST OFFICER WILL ASK?

An Ind AS-compliant company has several Joint Ventures (JVs), all of which are Associations of Persons (AOPs). For tax audit purposes, do we need to prepare financial statements according to GAAP, or is it necessary to prepare them in accordance with Ind AS?

Can we put other objects in moa ?
Also only 2 main objects r allowed in name reservation form while selecting industry code , right.?

Private Limited Company - Holds fund in LIC for Gratuity and have actuary consultant as well. Now the situation, the present obligation amount payable under LIC & Present obligation amount as per actuary consultants report are not matching.. huge variance.

is there any way to reconcile that.. we are able to match only the fair value of assets between LIC & Actuary consultants report.

Kindly help its very urgent. Thanks in advance

Suppose if i purchase good on 1095 ( including gst ) and i can sale that on 1140 (including gst) but my buyer allow me to sale it on 1110 and 30 rs he will reimburse me . The item is taxable at 12%. Then this incentive is taxable at 12% or 18% and how will i show it in gstr . Which hsn should i put and also let me which qty i need to put along with hsn

Interest income generated from Foreign contribution (FCRA a/c) is treated as deemed foreign contribution. It is merely an income but not a voluntary contribution. if it is so, in which clause it should be reported in form 10B. No, specific clause found for me. Is it required to disclose such income in form 10B.

Resolved and deleted.

Hello,

My Articleship started on 1st July 2023 in old scheme. I wanted to join industrial training (IT) that will be after completion of 18 months of articleship i.e. after December 2024. During this 18 months I have taken 2 months of exam leaves (60 days). No other leaves taken than above.

Then my query is when I will be eligible for IT....after December 2024 or considering the 60 days leaves i.e., after February 2025.

Thanks for your response !