We have established NGO recently ( 6 Month ) , Now we have to register NGO under 12 AA, 80G and we have following quarries ,

1. Which documents we need to register under such section ONLINE ?
2. Can family of chair person and or Chair person himself can be donor and get tax relaxation for said activity ?
3. Which documents we need for Auditing ?

Thanking you

Respected Sir

We have two private limited companies, having share capital of Rs. 1 Lac each, for which we have to pay stamp duty for issue of shares of newly incorporated :-

1.One Company is Delhi based -we found https://www.shcilestamp.com/estamp_share_issuance.html (this is schil link for payment of stamp duty in case of issue of shares). Is there any need to collect documents from their office after making online payment, on this website ?

2.Other Company is Noida based - Is there any online website for this city as well without visiting any office or we will have to make payment by visiting the registrar office?

Please reply

Thanks and Regards
CA Ankita Gupta

Dear Sir,

I have 5 credit cards. my salary is 40 K,

I am maintaining my debts 2 laksh thru my credit cards in way of my friends power bills, electricity bills paid from my credit cards. in this process total transactions up to 20 L per financial year.

is it any problem from IT department. if i get notice regarding my transactions from credit cards. how to resolve ?

just i postponed my dues to manage my credit cards.

Please advice me

Two Brothers purchased a plot in May 2009 for 11 Lacs which they contributed equally. Registration and other charges Rs. 86840/- were also borne similarly. Now they sold it in June 2021 for 35 Lacs.
Can you please compute the tax impact on both of them.
Thanks for your time.

Experts
one is a Director of the company and he has availed loan agaisnt fixed deposits with Bank and has given loan for one year period to a company for its working capital purposes in which he is a director of the company and term of loan includes fixed interest rate and also 1% share in Net Profit
a. in the books of the company , the loan amount is treated as Short Tem or Current liability
b. whether the director can claim interest paid on OD against FD as expenses in PL a/c since used for business purposes
experts please clarrify

Cash bill for covid-19 patient
Disinfection charges rs:400/-
Medical personnel rs:3400/-
Ppe kit rs:500/-
Medicines rs:3500/-
Lab charges rs:800/-
Food charges rs:400/-
Total amount rs:9000/-
Question:

How to accounting entry passed in books

PLEASE HELP ME REGARDING THE PROCEDURE OF REGISTRATION OF AOP & STAMP DUTY THANKING YOU

As per Section 134(5)(b) of the Companies Act, 2013, the Directors’ Responsibility Statement referred to in clause (c) of sub-section (3) shall state that the directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of the company for that period.

In this regard, following are queries:

1. Is there any guideline or guidance issued by the ICAI with respect to this aspect? If so please advise.

2. At what time of the financial year, the Directors have to select accounting policies for applying them for that financial year. To make the query more clear, such accounting policies as will be applied to the Accounts for the year 2021-22 should be selected by the Directors at what time

A) in the beginning financial year 2021-22 or
B) can be selected at any time but before the close of 2021-22

3. Whether for Accounts of the Company for the financial year 2021-22, such accounting policies can be selected by the directors after close of the financial year on 31.3.2022 but before the approval of the financial statements by the Board for 2021-22. For example, for the year 2021-22, approval of financial statements shall be done after 31.3.2022, so can such accounting policies as will be applied to the accounts for the financial year 2021-22 can be selected in June, 2022.

4. Suppose, the Directors selected accounting policies in the year 2019-20, which are being applied to the Accounts of the financial year 2021-22. Now, a need arises for modification of some accounting policies to be applied to the accounts for the year 2021-22. Please advise can such a modifications in policies be done after 31st March, 2022, say in June, 2022 for being applied to the Accounts 2021-22.

Hi

I emigrated to Canada pursuant to my PR in Nov 2020. In Canada, I filed as a resident for year 2020 (2 months), as per the rules here. Now for FY2021 (in India), should I file my taxes as resident or non resident in India? I have only stayed in India all along before Nov 2020.

Sir,
Difference between sale deed and sale agreement values calculated of capital gains tax in it act.