sir where does interest on drawings goes i.e. whether to p&L or p&l appropriation a/c.......morever how can a partner give loan to partnership or receive rent from partnership for use of his land by paertnership as partnership is not a separate legal entity. so partner and partnership is one and the same.. so how can one given loan/or rent to himelf.

My age is 65+ my younger son looks after the business. I want to transfer the business in his name which will have minimum or no tax implications.
I have no Land or Building in the Balance Sheet but computers, Machines etc. & Current Assets.
There is no debt in the BS.
MSME registration is done in the Name of the Organisation.
GST Registration is not applicable to me. Please help me out.
Thank You.

Sir,
A doctor running a private hospital treatment covid-19 patients in hospital.if a hospital penalty some amount pay to government.
Question:
Assess penalty pay amount treatment (show in business expenses or not business expenses ) procedure in accounting books in it act.

I Have one client filling return under QRMP Scheme, In this scheme his tax was payable from Jan 21 to March 21 is 58838/-, but now for the month of April 21 he have excess input & no tax has been payable , Is he liable to deposit tax @35% of INR 58838/- for the month of April 21 in this scheme ? as no tax is payable he cannot create challan in self assessment method . Please reply

Dear Sir,

We have taken insurance against import of machinery on 12.03.2021 but machinery in actual received on 12.05.21 (due to ocean transit)

Now, where to book Rs. 10000 /- Insurance Expense in FY 2020-21 or FY 2021-22,

I have uploaded Fillip form on MCA portal but getting 2 errors repeatedly 

1) In NOC signature is copy pasted, where as this is not the case. It's a scan copy of the original document.

2) The registered office is a subleased space. I have provided deed between owner and lessee as a proof of lease and also deed between my client and lessee for sublease. But utility bill is in the name of owner , as a result MCA has pointed out an error that name mismatch in Utility bill and NOC

Any help on how to get around these errors will be really appreciated. 

Respected Sir/Madam,

Greetings for the day.

How are you All ?? Hope All is well and going Well at your End ??

Can anyone Please inform, clarify as Well as reply reg.:-

1) When a 'Sales' Transaction is Involved:- What is Cr.Note & a Debit Note ??

2) When a 'Purchases' is Involved:- What is a Cr.Note & Debit Note ??

3) And 'in Both the Aspects':- Sales & Purchases'---> This "Cr. Note & Debit Notes"---> What are the Impacts in our Books of Accounts ?? Where does it all appear and affects ?? Why ??

Could you please explain. Kindly treat it as 'Very Urgent' and Please do the needful.

Be Safe and Take Care.

Thanks and Regards
S.Sugadeesh Kumar
9840962347

Sir,
A gst registered composite scheme dealer purchase of 28% tax rate goods from registered dealer
Value rs:21240-68
Cgst rs:2973-69
Sgst rs:2973-69
Add:cess rs:20990-64
Total invoice value rs:48178-90

Dealer above invoice goods value Rs:51985/-sales to urd persons
Question:
Sales turnover value rs:51985/- 1 tax rate composite tax applicable only or cess tax payable compulsory in gst act.

Hi All
One of my clients has sold good in the month of April 2021 from Maharashtra to Gujrat worth Rs. 120000.
Now client wish to send replacement of the above goods of Rs. 120000. Whether E way bill is mandatory for the above? How the GST treatment will be there?
Thanks in advance.

Sir,
A it returns non filed person(son) rs:10 lacs balance in bank account.a person bank account closed after rs:10 lacs amount transferred to father bank account.
Question:
Above transactions treated gift or loan amount receiver books in it act.