Dear All,

We are an LLP organization. we have taken an office on rental basis. The rent charges is Rs. 15,000/- monthly. We make the payment of Rs. 8000/- as rent to the owner and balance of Rs.7000/- we make payment to his relative as consultation charges. How should I pass the entry for the same, should I consider Rs.7000/- paid as contract charges or consultancy charges, because my senior has advised me to consider the consultancy charges as contract charges.

Thanking you

What if I bought a mac from dubai .
Can I ask exemption through depreciation in india
It is used for business purchase

I am Direct entry CA student, completed 1.5 years of articleship. But I couldn't pass any attempts. Now I need to terminate my articleship and join employment since my financial background is no good. If I terminate articleship opting 'Discontinuing CA course' then can I attempt any future exams. Because it says that if I opt that way, all my articleship records will be cleared/ deleted. And I as direct entry student need 9 month articleship for attempting exams. Please help.. Guide me if there is any other way.

Dear Expert,

let suppose I am Manufacturer of PVC Pipe. I appointed small dealers for sale of my product for that i kept Rs 20000 as refundable security deposit when they start work with me. Now i had opened a Master dealer in their area & i will bill to him & he will distribute the stock to small dealers.
Can i transfer the security deposit of Rs 20000 to Master dealer which is standing as liability in my books?
Please guide solution & process if yes..

Sir,
I am a partner in a partnershipfirm. The firm is getting rental income and interest on Fixed deposits kept in the name of the firm.The firm is not having any business income. I have been filing returns through ITR5 in all the previous years declaring the income through rent and interest on fixed deposits. This year( A.Y.2022-23), I have not been able to file the returns through ITR5 because of one issue: the ITR is asking me fill details in Balance sheet and profit and loss a/c in ITR5 form. This issue was not there in the ITR5 of the previous year/s. In the ITR5 of the previous year, there was no need to fill any details in Balance sheet and Profit and loss a/c and I was able to file the ITR5. This year, there is this issue. Kindly advise.
Thanks and Regards

Dear Sir/Mam
let assume as case where I have 18 lac turnover in my regular business shown Income of Rs. 4.22 lacs under sec 44AD and also has Non speculative income under F& O turnover 18 lacs has loss of Rs. 19K Plus Speculative business Income of Rs. 5K now my question is
1)
Can I show my regular business income of Rs. 4.22 lacs and non speculative loss of Rs. 19K under 44AD and speculative income under normal Business Income.
2) If yes whether I have to bifurcate income of normal and non speculative business under 44AD
3) If yes to 2 point than Can i show Non speculative income below 8 % as while combined Income under 44AD not goes below to 8 Percent as per Act.
Kindly reply.

Dear experts,
Is there any probability of extension of due date for return filing Deadline ( 31 July ) ?
Looking on portal very few returns are filed this time.
Filing of returns were made available ( except 1 & 3 ) from May end.
Thanks in advance.

Hi team,

Section 194 R is applicable from 1st July.

My Question given in below points.

My company is giving Gold coins & other items as Business promotion certain people
If I don't have the details of the ultimate person who is getting the item, how i can comply with 194R, even if I am okay to bear the TDS cost of these items provided.

Hello sir,
Our Business turnover is up to 1.20 crore and cash receipt & payment is less than 5%
Does Income Tax Audit 44AB applicable to us.

SIR,
one of the it returns non fileing person buying and selling for gold jewellery ,coins bars,biscuits some transactions in f.y. 21-22.
Question:
1.Assessee it returns filed compulsory
2.Buying and selling transactions capital gains tax applicable.