rama patel
27 August 2024 at 18:59

Firm closing query.

Hello sir,
Date from which it is continuing as a proprietorship firm : 23/06/2017.
Constitution of firm as on : 01/01/2018.
sir, from which date should I fill the firm closure form.


Piyush
27 August 2024 at 16:50

Retirements of a Partner from LLP

In LLP, If partner retires who has already over drawn form LLP (having Negative Capital balance) , still getting X amount on retirements because there is an appreciation in value of Immovable property (which is currently shown at book value only in balance sheet)

How to show this excess amount paid to Partner in LLP as well as in Partner's books of Accounts ?
What will be the tax implication in both (LLP and Partner) ?
Is LLP have to show revalued figure of Immovable property in Balance sheet?


M Balakrishna Achar
27 August 2024 at 16:42

Taxation of Cash withdrawal from Bank

Is there any provision under Income Tax Act, 1961 to treat cash withdrawal from the bank account as income from other sources?


Pankaj

Respected team
I have a question that medical allowance given with pension to the retired judges is exempt from tax or not ? If exempt from tax please clarify under which section . Thanks


M Balakrishna Achar

Can exemption u/s 54 be claimed for sale of multiple flats and purchase of One residential house property?


tarun singh

Our product falls in 3% GST rate. We recover courier charges from our client by mentioning the same in the invoice itself.The issue is that- courier company charges 18% to us.How should we charge the same from our client and at what rate??


Tejas Chaudhari
27 August 2024 at 12:43

Betterment charges

Hello,

I have paid total 50 lakh rs for sanctioning building plan. My query is will these charges come under capital expenditure or revenue expenditure. And can i show as a expense in income tax return


Bernard

Sir,

Sir i have made 1500 entries in Tally ERP 9 Indian Rupees. Now i need to convert these entries to Omani Riyal ( Ex. INR/216). Is there is any easy way to convert these entries to Omani Riyal. I tried to export the Day book and divided the entries by 216. Then converted it to XML format, and import it to a new Tally ERP 9. But It's not working. Please help me in this matter.


Mahesh S M
27 August 2024 at 10:16

Importance of Invoice

is it mandatory to keep invoices for all the expenses incurred in business and should i pass journal entry before payment for every expense regardless of amount?


Mohanraj J

Hi
One School is organizing Students National Conference. For this conference students will participate national wise and paying registration fee to the Organized School.

In this scenario any GST attract for collecting the conference participating fee from outstation students?





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