Dear Sir

For a sale of property, I am paying a brokerage of 90000 on which GST of Rs.16200 has been levied by the Broker. Invoice value - Rs.106200.

While calculating capital gains, what should i show as expense incurred for sale - Rs. 106200 or Rs. 90000.

Can i pay this amount by cash or it needs to be through cheque?

I HAVE A PRIME CURRENT A/C IN SBI.

HAD THE SAME WITH AXIS TOO, WHICH WAS MADE TO BE CLOSED BY BRANCH HEAD OF AXIS ON SOME UPDATED LIMITATIONS DRAWN BY THE RBI OF LATELY.

NOW, I CANNOT DEPEND ON SBI SOLELY FOR MY BUSINESS TRANSACTIONS.

PLEASE ADVICE HOW I MAY PROPOSE TO RESTART WITH A SECONDARY A/C WITH AXIS

Hi All, My friend is A Chartered Accountant in practice as a Proprietor since last 3 years and he is having a trade name registered with ICAI. Recently I had joined him as a partner without changing the trade name registered with ICAI. My question is if we want to change the trade name now then whether our existing firm with old FRN will get continued or we will get new firm name with new FRN?? Whether my partners proprietorship experience of 3 years will get continued in new firm?? Whether the Experience will count for bank audit empanelment under Partnership Firm?? Kindly suggest me whether I should change my firm name or not?

Dear Sir

I have started a Private Limited Company recently. I am in look out for the free lancer Auditors who can help me in filling the ITR and other compliances relating to the Income Tax and MCA. as and on when required. As I may get some firms and Business class industry also. I am in the service of Back Office and consultancy. I have GST Registration and I have a Franchisee from GST Suvidha Kendra. Please guide me to have an auditor on work to work basis and also guide me the expenses incur on this. As for the AY 2021-2022 is concern there is a NIL turnover till now.

Dear Sir,

We have a bank guarantee from our bank and which we provide to our supplier and purchase material from the supplier against this BG.

and supplier charged to interest on BG limit

so my question is hear " Bank Guarantee interest Paid to our supplier Will Attract TDS ?

Amount of interest monthly appx 1.00 lakh.

Thank you
Kindly guide us.

☰ Home Experts Students FM - Problem on Working Capital venkatraj.c 09 December 2008 The following data relating to a consumer goods manufacturing firm is available for the year ended 31st MArch. No of days R.M. in storage - 30days, debtors collection Period - 30days , COnversion Process Period- 12 days, Finished Goods Storage Period - 45 days, Average Credit Period from suppliers - 50 days, Advance payment to Creditors - 5 days, Total Cash Opertaing Expenses per annum - 600 days, 60% of the TOTAL Cash Operating Expenses are due to RAW MAterial. Required : 1) Determine the average Cash Working Capital needed by the firm at any Point of time during the year assuming that the firm wants to carry a cash balance of Rs. 10 Lakhs at all the time. 2) Compute the working Capital Turnover Rate for the Year. Pls solve me the prblem with required Notes regards Abhi

Dear Sir

We have to write off the realisation of export proceeds for which we need to submit CA certificate to AD bank. I am unable to find right format online. Can someone here help me with exact format.

Thanks & regards

Mansi
NRE

Dear Sir/Madam,

Good Afternoon!

Please Share Accounting Entry For Below Transaction.

We Have Export Plastic Recycling Machine Blades As Sample (Not Sale). Now We Have Send Material By Air And We Have Issue Invoice With Regular Sales Invoice number Invoice Value Is 250USD And INR 18,263.00.

So my Question Is How Can I Am Pass This Sales Entry (Because Its A Sample Material) And Also Can I Show This Transaction In GST.

Dear Expert,

My client is failed to file the nil liability of Gst return from July 2020 to till the date . while filling the return on 01-06-2021, Rs.5080 is interest appear in only July 2020 return.
My question is whether the amnesty scheme will be applicable for us or not
Kindly guide us .
Thanking you
Prem Chandra Thakur

Is Section 44AD (Presumptive Taxation Scheme) applicable to full time traders involved in the trading of Futures & Options?