My client is a salaried beautician, apart from that in the previous year she received about 30,000-35,000 as consultancy fee as a beautician. I would like to know the appropriate head of Income derived from such Consultancy Fees. I am in dilemma whether it is to be charged under PGBP or Other Sources?

A gst registered regular scheme dealer closing business.closing stock value Rs :5 lacs.dealer yearly turnover below 1 cr limit.
Question:
1.closing stock value Rs 5 lacs sales turnover treatment.
2.dealer cancel of gst number after gstr-10 filed compulsory.

In form 3CD, point 31(a) - Particulars of each loan or deposit in an amount exceeding the limit specified in section 269SS taken or accepted during the previous year under head - Amount of loan or deposit taken or accepted

1. Are we required to disclose the amount accepted during the previous year only or the total balance outstanding (opening + accepted during the year) ?
2. Are we required to disclose the name of parties from which no amount has been accepted during the year but there is an opening balance outstanding?

Thanks in advance and really appreciate the feedback

A foreign holding company is having a 100% Indian subsidiary with an authorised and paid-up capital of INR 1.0 million. Due to the losses in Indian subsidiary, the capital is now exhausted, and the foreign holding company is not interested in buying new shares in the subsidiary, instead can issue a temporary loan (repayable in two years - interest-free). They can do so? If yes, what is the process?

One person has purchased a residential house property in the financial year 2016-17 through availing Housing Loan from a Nationalized Bank. Now he wants to sale the said property in Financial Year 2020-21. My Question is the interest paid on housing loan of said property can be included in the cost of acquisition of the property while calculating the Long term capital gain, even if he has taken benefit of loss from house property U/s 24 B in his income tax returns filed during the periods.

A NRI wants to incorporate one man company in INDIA. Presently, he is out of INDIA. my question as under:

can a NRI do it?
is it necessary to present in INDA at the Time of Incorporation?

I am, being Karta of HUF, going to make full Partition of HUF this month.
There is no immovable property in HUF. Only FDs are there. Most of FDs are matured and amounts are transferred to coparceners by book entries as well as bank transfer. But one tax saving FD maturing after 3 years transferred to coparcener by book entry but not possible to transfer amount by bank. Interest on tax saving FD will be received by HUF in future also. Can we say it is full Partition?
Onus for passing order u/s. 171 lies on assessee. What is the online procedure for the same?

A Trust has received a second hand bus as donation. The trust has incurred expenditure for registration with RTO and insurance. How to account this bus in the Trust? And at what value?

Dear Sir/Mam,

This question I want to ask for my sister.

She is a CA and working in MNC from the past 2 years but she is not happy with her work. She is 24 years old.

She is into Treasury department working as an Assistant Manager. Problem she has with her job is that her senior doesn't involve her in the major work that happens in the department. He gives her part of his work that even a junior accountant can do. She remains upset because she is not able to grow because of his attitude. Also he tells her lies that he will take her to the meeting but when the meeting happens he doesn't take her. Her senior is not even a CA but an MBA-FINANCE. But because he is in the company from many years he knows most of the work. The problem is he doesn't want anyone to grow in his department and take his position in future as his importance will decrease.

Other people are also not happy with his attitude but they are not working with him so doesn't bother much. My sister is directly working under him. She has even told the head of treasury about this but no action was taken as the work is going on and since he knows most of the work no one can remove him from department.

I am a Professional so doesn't know how to deal with such a problem. If anyone can help what she can do to resolve this issue since she will not be able to grow properly in her career. She is in the best department of the company.

Regards,
Divyesh Jain

can we prepared invoice by using udyog aadhar for individual business