SIR- I am an individual transporter and have 77 trucks. Due to depreciation loss, net loss have been accounted in P& L Account. Due to the capital loss, My capital balance is also in Loss. Besides,
I delayed in filing of ITR for 19-20. I have filed ITR only on 31-03-2021.
My doubts are,
1- Can I carry forward the depreciation loss to the next year?
2- Can I adjust the capital loss with the future profits?


Plz guide us sir
thanks in adv

Hi, can anyone tell me where will I find these Other supporting documents which we need to attach while STP registration:
 Form 32
 Form 18

And can I submit previous year Signed Financial statements or Estimated Financial statements instead of Projected one?

Thanks in Advance.

(This is the checklist which they provided us.
Supporting documents to be uploaded online along with application:
1. Memorandum and Article of Association
2. Board Resolution for setting up the STP/EHTP Unit and persons authorized to sign.
3. Promotor / Director Profile
4. IEC copy
5. PAN copy

6. Project report / Company profile
7. Copy of Lease / Rental Agreement
8. Financial statement like:
 Cost or Project & Means of finance
 Projected P&L A/c.
 Projected balance sheet
 Projected cash flow / fund flow statement
 Export working – (As per Transfer Pricing guidelines in the case of subsidiaries)
9. Other documents like:
 Copy of Master / Service agreement signed with parent company / clients.
 Form 32
 Form 18
 Bank Certificate copy with AD code
10. Floor plan.
11. A letter stating Investment (plants & machinery) for Next 5 Yrs)

I have shares of a private ltd company in physical form. Can i sale the shares in physical form. I have shares of non listed public company in physical form. Cani sale the shares in physical form. Please advise urgently ?

Sir
It Assess itr (it ) return filed in time in f y.19-20. recently mobile sms received from it department of high value transactions in f.y.19-20.
1.sb interest from three banks Rs:35,000/-
2.interest from debtor Rs:1,00,000/-
Total rs:1,35,000/- in f.y.19-20.
If Assess interest income rs:1,35,000/- already show in itr under other sources of income head.
Question:
Assess notice reply compulsory or not

Can we revised ITR even if ITR processed successfully ?

I want to revised ITR for AY 2020-21 (which was processed successfully) because interest on saving account was not declared in Original ITR, Due to that I got High Value Transactions notification from income tax department .

Dear Sir/ Madam,

Please let me know how I can file PTRC return ?
Our's is LLP. form of organisation formed under GST Rule.

Also we did not had any staff for last 2 years and so PTRC return was not filed but PTEC return for LLP was timely filed.

Kindly advise.

Thanks & Regards,
Rachana

I made a payment of 120000/- for the material waste disposing to a party. I want to know whether GST or TDS applicable for the same?

Regards,

when capital assets sold how the indexed cost of acquisition to be accounted in balance sheet. Where to show the indexed cost in balance otherwise the amount of capital gain in balance sheet and amount in computation will not match.

Dear experts Please advise me in this regard. The total turnover of Partnership firm is around 60 Lakhs. My query is 1) As per the general rules Tax Audit is not applicable in case I am showing net profit 8% and above 2) The profit of 8% is on Total Turnover 3) The 8% of Profit is Includes partner's Remuneration or Not?

Thanks in advance.

What is the difference between significant transactions and non filing and high value transactions in e-campaign portal.