Hi,
My client is holding Some pounds as petty cash, which they have received from Parent company on inception. These pounds are used for giving to employees travelling to UK and once they are back they refund the same to Finance Team. There are no transactions of purchase sale by using this cash.

Query : DO they need to revalue the Pound cash balance as on BS date?

Please help which ITR form will be applicable for Trust formed for charitable purpose (a mandir) but the same is not registered under section 12aa?

Also, can anyone share details ( a link or a video) on how to file the itr for unregistered trust.

1) Taxpayer has been completed 2 years of presumptive income scheme section 44AD for Manufacturing Business.
2) For F. Y. 21-22 he is having profit from manufacturing business. and losses from future and option trading. his total turnover is below 1 crore.

Please suggest is he still eligible for presumptive income scheme section 44AD for manufacturing Business.

This Validation shown below is related to Category B/D Validation Rules.

Error : The exemption is allowable only on the sources of fund derived from property during the previous year.

Max Infra (PSU) is making a thermal project in UP.
As per MOU between Max Infra and UP Irrigation Department ( Government Authority) water will be supplied by the Irrigation department to Max Infra and necessary structure i.e. CC Line, Sediment Tank, Canal etc will be made by Irrigation department along with their maintenance and the payment for all this construction and maintenance will be done by Max Infra to Irrigation Department.
As this transaction falls under works contract service
So, Queries:-
1) Can exemption from GST can be claimed under entry no. 4 of Notification No. 12/2017 CTR in the form of ANY ACTIVITY done by the Government Authority to supply water
2) Will this transaction fall under Sec. 7(2)(b) of CGST Act, 2017 and hence exempted from GST

Please provide any AAR / Judgement for the same

In uttar pradesh a partnership deed was executed in the year
2020 and stamp duty of rs 500 was paid. now in 2022 while applying for gst registration officer has seeked clarification that appropriate stamp duty not paid. Please guide as to the mechanism by which the differential stamp duty can be paid.

1. I VINOTHKUMAR.S MY ARTICLESHIP PERIOD IS COMPLETED ON 15TH/SEP/2022. BUT MY PRINCIPAL WAS DEMISED ON 16TH/SEP/2022.
2. THERE IS NO FORMS AVAILABLE IN MY SSP-SELF SERVICE PORTAL (EXCEPT FORM NO.108). I REQUEST YOU GOODSELF TO GUIDE FOR FURTHER FORMALITIES TO COMPLETE MY ARTICLESHIP.
3. PLEASE KINDLY DO THE NEEDFUL

Dear Sir,

My Assesses is filling his ITR after due date i.e. 31 Jul' 2022. Kindly advice, whether he will be liable for payment of Income Tax Liability along with Interest thereon or only Late Filing Fee will be applicable while filing his ITR.

Warm Regards,

Dear Experts,
I paid additional tax due to mismatch between GSTR3B and Books in 2122 related to FY 2021. I have made entry as:

Annual Return(20-21) under Miscellaneous expense A/c under Indirect Expense Dr. 56000
Bank. 56000
Is it correct entry ? if it is wrong please suggest the correct one.

I recently uploaded my affidavit for discontinuance of CA stating that i am discontinuing the course and was joining employment, now ICAI has asked me to give employer consent letter. I am in a dilemma that which employer consent has to be given whether my CA's or the one where i am joining the employment. Please Help. Thank You. and i had already uploaded my principal's signed consent letter, & what should be the content of consent letter?