A is having 2 house property. and one vacant land. one residential house is in his ownership. 2nd house is in his and his wife ownership ( Co owner ) now A wants to sell vacant land and buy one residential house. To claim deduction u/s 54F there is restriction of 2 house. So if A gift 2nd house to his wife and buy new home. will he be eligible to claim 54F exemption since one house is gifted to his wife and restricition on 2 house will fulfill please advise

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Respected Sir,

Please give me some hint so that I should be able to workout properly depreciation for the year ending March 21 as per company's act.

Please give me some hint so that I should be able to workout properly depreciation for the year ending March 21 as per income tax rules & regulations.

what Tds rate to be duductedon payment to naukri.com for sending resumes

Sir

We are under QRMP scheme, and for the month of Jan 21, we have filed B2B sales under " IFF " module and for Feb 21, there is no sales and hence, we have not filed " IFF ". We have to file Quarterly GSTR 1 for the month of Mar 21. Now, should we once again enter the B 2 B sales pertaining to Jan 21 in the quarterly GSTR 1 also or simply enter the B 2 B sales of Mar 21 alone ?
If we are not entering the Jan sales once again in quarterly GSTR 1, will the Jan sales get updated in the 3B return or should we include it manually ?

Pls. advice.

If someone knows about how to deposit the fee online for the registration of Valuer under 34-ab section then please update

Hi all

I have uploaded my appointment as auditor on ROC for a period of 5 Years from April 20, however, there was a typo error in quoting firm registration no., what can be done now to correct the mistake????

Thanks is advance

Dear Sir ,

Going through the notification no.78 dt.15-10-2020 , I noticed that only 6 digit HSN code is mandatory to mention on invoice in case of turnover more than 5 crore.
My question is whether 6 digit SAC code is required to mention on invoice if turnover more than 5 crore.

Thanks & Regards
Prem Chandra Thakur

Dear Sir,
My relative is doing Trading business for branded furniture & has manufacturing hub for local manufacturing also. I have some query as follows:
1. From time to time business requires new machinery for capital expenditure purpose.No depreciation benefit allowable as per Tax Computation filed by the CA.
2.Business has CC & OD limit in Bank. Interest charged by the Bank is showing as expenses in books of account whether it is right or not?
3.Business also has Motor vehicles like Car & Two wheeler. If Business want to purchase through financier the above motor vehicle whether interest charged by the Bank will be booked in Business or not?
4. Now a days Govt has introduced new start company with maximum benefit in Tax etc. Please answer whether Proprietorship can go for avail this or not?
5. Whether Udyog Aadhar will be benefited to business if I will apply for this & what are the benefits.
6. Also give me comparison chart between Proprietorship Business Vs LLP/OPC with merit & demerit with less paper work.

Also let me know whether propertioship firm can introduced capital from time to time for business expansion of his own source / relative / friend etc. What is the capping for this, Is there any condition or limitation linked with Turnover etc.

What is the drawing limit for the proprietorship firm with capping if any.Can proprietorship firm use business money towards Tax Savings purpose & other purpose.

Dear Members,
An unlisted public co. Borrowings crosses 50Cr as on 31st Mar,2019.Paid up capital is below the limits prescribed. An Audit firm was serving as auditor for past 10 years and is reappointed for another term of in AGM held in 2019. Kindly clarify the below issues:
1. Are the limits prescribed in Rule 5 of the Companies (Audit and Auditors) Rules,2014 to be checked “At “ the time of appointment of audit firm?
2. For the calculation of term specified in section 139(2), the period served as an auditor before the applicability of limits specified in Rule 5, be counted?

Thanks in advance.

A PERSON HAVING COMMISSION INCOME FROM POSTAL DEPARTMENT (POST COMMISSION AGENT) STARTED BUSINESS AND OBTAINED NEW GST REGISTERATION NUMBER FOR THAT BUSINESS, WHETHER HE IS LIABLE TO PAY GST ON COMMISSION INCOME RECEIVED FROM POSTAL DEPARTMENT ?