company has paid self assessment tax of around Rs. 2,00,000.00 in FY 2020-21. the same was booked under the assets head. No provision for income tax was made during the said year. the same has been carried forward in F Y 2021-22 and is standing in the books. please guide on the

As per new rule Form NDH 4 is deemed to be approved we have not received any reply after 45 day. But for filing for 20A the order of NDH-4 approval is required. Then how to solve this situation?
Also whether Government issued any order of rejection list for NDH-4?

Hi Experts,

Can anyone guide me with reference to relevant act/section number as to what should be useful life as per the Companies Act, 2013 in case of leasehold improvements.

Regards
Dhaval

1.🔸 A company offered right entitlement of 3 for 5 held on that date at a premium of rupees 2 per share.

2.🔸 A company offered right entitlement at 3 for 5 held on that date at a premium of rupees 2 per share.

In terms of meaning, what is the difference between these two sentences?

Suppose if I have 10,000 shares then,

🔸(when I check my accountancy book) as per the 1st sentence, I would receive 10,000×1/5 =2,000 rights, why it's 1/5 and not 3/5? but as per the 2nd sentence, it would be 10,000×3/5=6,000

Please help 😅

CLAIM OF ITC IS EXCESS COMPARING ITC AVAILABLE IN FORM 02B DURING FY 2020-2021
BUT NOT UTILISED EVEN THEN EXCESS ITC CLAIM MAY BE TAXABLE

Due to dispute between partner's, Partner's have decided to take stock of the partnership firm in order to settle their loan amount and a part of their capital account.

In this situation whether we need to reverse the ITC related to that stock which has been transferred to partner's?


Partnership firm not dissolved.

Sir,

Our company is a company dealing with financial and management consultant ,we have another companywith same board of directors which is a NIDHI Company.As Nidhi company cant acceptfund from NRE ,can we accept the fund in our company and charge a small amount as charges for deposit as canvassing income and transfer the amount to NIDHI Company? THE fund recieved will be transferred to NIDHI COmpany by charging a small amount as commission
Pls help

I sold XXXX ES of unlisted CIAL shares at 184/share on 02.06.2022. I purchased these shares on 2008 at a price of 149/share.
How do I get the FMV and indexation for computation of capital gains/loss.
Kindly guide

Dear Sir,
We are in receipt of SCN from GST department that why we have not paid Service tax for the year 2016-17 and 2017 Till June 2017. We are into transport buisness , providing truck for lifting containers from the yard of the customers , whose goods were being imported from overseas.
Our C.A has filed Nil returns for these period, under the coloumn Service provider under section 68(1).
Also we are showing our invoices which is mentioned Service tax payable by the consignee.
Please let me know whether this is correct method, and please advice whether we have any liability of paying Service tax from our end.
Please reply back at the earleist.
Thanks
Prakash Menon

Dear Sir,

If any fixed assets (movables or immovable) purchased for company use and their purchase value (excl. GST) exceed Rs. 50 Lakh, then whether TDS U/s 194Q is applicable on purchase value above Rs. 50 Lakh.

Thanks & Regards,

Dilip Baranwal