Sir,
How to prepare a balance sheet and profit and loss account cc loan Rs:8 lacs a bank and what amount show in itr .

Dear Experts

Can any one please guide on best demat account whcih can be opened by a beginner in current times in all terms like brokerage, smooth trading, settlement, safety etc.

i have studied about stock market during my CS course but currently out of touch of even basics of stock market. so please answer accordingly.

Thanks & Regards
Simranjeet Singh

Sir,

One of my friend is running a business. He has to file IT return for the AY 2020 - 21 and he tried to file ITR 4 on 31.03.2021. But, due to Server problem, he could not login the IT portal and finally, ended up without filing the said return.
Now, can he file the return online ? Will the portal accept it ? Else, what is the remedy ?

Pls. Advice.

With Regards.

SIR/MAM-
We are GTA Pvt Ltd and Our directors are having their own business. They are also supplying their trucks to GTA for hiring purpose that means, there is a business connection between GTA and their business.
Hence, we are paying and receiving the cash between these businesses in case of any need of fund.
Can we continue like the above or not?
Plz give your opinion
thanks in adv

Hello Sir,
No TDS is deductible on Export Freight paid to Foreign Shipping Companies or Agents of Foreign Companies in India. But the Companies are asking My Client to Report this Transaction in the TDS Return Form 26Q.

How to do this? I can't Find Any Flag there for Section 172 Exemption from 194C & 195. I tried reporting it Under Section 194C but there is no Appropriate Flag.

What to do, Kindly Guide.

Dear Sir,
One of the brick manufacturer has purchased a JCB machine of his brick kiln. Now he wish to refund of itc of said JCB machine. What is the procedure for the refund of itc of capital goods.

Please advise me.

SIR/MAM -

We are the Partnership firm, having the turn over below Rs.1 Cr., and had commenced our business in 2020-21.

We are hiring our 7 trucks to GTA Pvt Ltd Company.
Can we file ITR u/s 44 AD ?

If yes? Can show the profit as 6 % on receipts and payments?

Plz guide us
Thanks in adv

For non deduction of TDS While remitting funds to non resident on account of business income Tax residency certificate of Foreign Principal is necessary or Certificate from NRI that No Permanent Establishment in India is enough

Can AOP be converted in to Partnership Firm ? And how to change PAN details? If yes give me the detailed procedure for the conversion of the same . If no please give the reason for the same.
Awaiting your earliest reply.

Vinod Kumar K.G.
vinod.vsf@gmail.com

My son is working in it sector with on salary basis. He wants to work as freelancer in his spare time with another it company. Can he work as employee of my huf and get honararium from huf and the huf can get the freelance work fees as huf income? If yes, what will be huf's tax liabilities? Presumptive or actual basis?