The entity involved is a Cooperative Housing Society Ltd. The society is not registered for GST. Under the byelaws, the society has created a Repairs Fund to meet material repairs that may be required. The byelaws also govern the utilisation of the repair fund. As per bye-law 14(b) The Repairs and Maintenance Fund may be utilised for meeting the expenditure on maintenance of the Society's property and repairs and renewals thereof. The bye-law doesnt state the fund can be utilised for GST on Repairs bill.

Question that I have is - can the GST then paid on the repairs expenditure be also debited to the Repairs fund? The society does not have any output GST available as well apart from not being registered under GST. Kindly help. Its urgent.

Pvt Ltd., Company invested Rs. 50 lakhs in LLP in 2010. Later every year Pvt ltd Company has lent Rs. 10 lakhs to LLP until 2020-21, a total amount of Rs. 120 lakhs lent as an unsecured loan to LLP. Now Pvt Co. wants to exit from LLP at a total settlement of Rs. 70 lakhs. How to calculate capital gains in the hands of Pvt ltd Company. If we opt for indexation we can calculate up to AY 2018-19 afterward we cant do indexation.

DEAR,

HOW TO INCREASE AUTHORIZED CAPITAL IN ONE PERSON COMPANY. PROCESS?

WITH CLEAR PROCESS

Sir, we have availed service of the clearing forwarding agent (CFA). CFA has made payments to various transportation agencies, line agencies and storage agencies and gave us reimbursement notes along with his separate bill of service. My question is whether we should deduct the TDS of the agencies whose expenses are paid by CFA and he gave us reimbursement notes.

We are HUF created in 1982 .We are assessed till A.Y.2021-22 and received assessment order upto A.Y.2021-22 from IT .The funds of Huf was distributed among family members in march2021 .Now we want to surrender PAN before ITO. What is the procedure for this.

In July month GSTR 3B i paid by mistake RCM tax in IGST column instead of CGST & SGST.

In Aug month GSTR 3B. I reverse the input tax under B. ITC Reversed other columns and paid the tax in output IGST. Also I paid the RCM in the correct head under CGST & SGST.

Entry done in tally

1) Reversal of ITC: 18000/- Dr
IGST Output RCM: 18000/- Cr

2) IGST Output: 18000/- Dr
Bank Account 18000/- Cr

My IGST output balance becomes debit. How can i adjust the same

I want sample filled 109 form and format of letter to be sent to icai for termination of articleship on ground of any other reason / shift of parent

Dear Sir,
We have a portfolio account(PMS) with a brokerage firm.
They are charging in our account as Management Fees and Fund Accountant Fees on monthly basis. My query is that the TDS applicable on Management Fees or not?. Brokerage firm had earlier informed me that TDS is not applicable on management fee. The brokerage firm informed that TDS is being paid from our account team instead of the final investor. But now our auditor says that we should deduct TDS on management fees.
Please advise me in this regard.

Thanks & regards
N K

Hi everyone, i have purchased a second hand diesel car on 03.08.2021 in the name of my company. The original date of registration of car was 24.05.2014. Now how can we calculate the depreciation as per companies act since the useful life of a car is 8 years. Will it affect the calculation of depreciation under income tax act

Is there is any thing else which needs to be taken care while calculating depreciations as per Companies Act and income tax act

My Query is that whether any Taxpayer who has earned Long Term Capital Gain / Long Term Capital Loss from the sale of a immovable property can pay tax without taking the benefit of indexation on the purchase value of the property.