SIR
MR A HAVE PRO. OF XXX CONCERN HE BROUGHT A CAR RS. 16,00,000/- AS ON 20.05.2017. CAR WDV RS. 8,50,000 /- AS ON 31.3.2023. HE SALE OF CAR AS ON 30.04.2023 RS. 14.25,0000/- AND ANOTHER CAR PURCHASES AFTER THE THREE MONTH.
MY QUERIES IS
1. IF APPLICABLE BUSINESS PROIFT RS. 5,75,000/-
2.NEW CAR VALUE RS. 26,00,000/-
3. MU WORKING IS WDV AS ON 1.4.2023 RS. 14,25,000/-
LESS SOLD VALUE RS. 8,50,000/-
--------------
5,75,000
ADD NEW CAR 26,00,000
--------------
CLOG VALUE AS ON 31.3.2024 31,75,000
IT IS CORRECT WORKING
THANKS

Note that we are holding IEC number ,recently plan we will IMPORT a Machine from THAILAND which Value come in USD 250000 and for this purpose Party given Term of Payment 30% ADVANCE through TT & Balance paid through LC .

Now our Question is for TAX Calculation purpose Party Said CUSTOM charge applicable 0% but IGST Applicable 18%

For our project purpose how to Calculate this USD to INR (Including Taxes)

My client is government high school. They want to apply tan for school. How to proceed for obtaining tan for government high school.
Will you provide any format.
Thank you sir.

Dear Sir

Today we have deposit the challan under 194 I but by mistake we select the FY 2022-23 instead of 2023-24. Trace site dont show the challan for correction & secondly we see the video on google ,, he say you have not select the 2023-24 bcoz you have select only prior fy.

Please guide me

A individual earn dividend from non listed company , how i will make journal entry his books of accounts.
same a individual earn profit from Partnership firm ,
how i will make journal entry his books of accounts.

Sir,
Is available download Javabase Utility for ITR-4 of AY 2023-24 (FY 22-23) on Income tax website ? when file online ITR-4 of AY-23-24
Also not availabe Javabase Utility for ITR-4 of AY 2022-23 (Fy 21-22) Please inform in details because of Excelbase utility is not proper because of error of macro enabled.
What is code of Interior Decoration and Photography( Freelancer) of Ay-2023-24 ?

Hi ,need to ask that can parsee religion apply for pancard in HUF status.if not that what is the other option of it to form a status except individual.
What are the requirements to form HUF and what docs required to apply for pancard in HUF status

Dear Experts,

01. A company is getting the raw materials from their GST registered suppliers.

02.This company deducted the TDS u/s 194Q.

03. After the certain period, this company has raised the debit note due to some quality issues and returned back the entire lot of materials to the supplier.

04. The query is:

Whether this company needs to reverse the TDS accounting entries.(The TDS return not filed before this debit note date).

pl clarify

Dear Sir,

We are a registered Manufacturer under GST having principle place of business as Mumbai (Registered Office) and Additional Place of Business (Factory) at Satara. All our books of accounts are at Mumbai registered office. Under VAT regime we were assigned a VAT officer and the office was at Mazgaon Mumbai. It was very convinient for us. After GST implementation GST office on their own assigned a GST officer who located at Satara, near our additional place of business.

We request you to let us know following

a) The basis of assigning a GST officer is based on Location of Factory or Registered office?
b) Since all our books of accounts and records are at Mumbai Office, can GST office assigned us a GST officer at their Mumbai Mazgaon office, on our request?
c) If yes, then what is the procedure?

Best Regards

Manish

A father and son bought a house property in Mumbai together in 2007. Now Son wants to gift his portion of ownership to Father. Whether capital gains will apply in this case?

After the gift Father wants to sell the property. Assuming that Son has gifted his ownership to his Father in 2023 and Father has sold the property in 2023 itself. Whether a portion of the sold property (i.e gifted by his Son) the Capital Gains would be short term capital gains or long term capital gains, and another portion of sold property owned by Father would be Long term Capital Gains. This may be clarified

The third query is since Son has transferred his part of ownership by gift in 2023, whether Cost Inflation Index would be reckoned from 2007 or 2023 in respect of the gifted ownership property