DEAR EXPERT,

Anyone provide me Format of board resolution of Partnership Firm for Bank account opertion/Opening.

Thanks in advance

If for 1st 5 years i was using an asset for business purpose and was charging depreciation on it. but now it is not used for business purpose, so will depreciation be charged?

The assessee has filed IT return 4 Sugam for A.Y. 2017-18 declaring income much more than 6% of the turnover. The assessee has trading business and web tv serial production receipts for which TDS is deducted u/s. 194J.
Now he received notice asking to explain descripancy in firm 26AS and return.
The assessee has declared both income u/s. 44 AD. The department has asked to explain it file revised return. Obviously, it seems that department is of the view that receipt from TV serial should have been declared u/s. 44ADA.
The profit shown from both business is genuine one but just not to keep detailed record , assessee has preferred filing Sugam.

What should be the course of action, a revised return showing both business under separate heads or to file regular return in form 5?
In both the cases, what would be liability and whether any penalty is leviable in both cases? I. e. First if revised Sugam is filed declaring higher income and Second filing regular return in form 5 declaring same income. Obviously, there would be question of audit u/s 44AB for showing lesser profit than stipulated percentage u/s. 44 ADA.

Please guide.

One of my client had sold his commercial property on 25/05/2016 for 20 lacs, he had purchased the same on 01/04/2010 in 17 lacs (but agreement value is 10 lacs only) .A capital gain will arise for this. Now He had purchased a new house property on 15th Nov 2015 for 10 lacs. SO now i want to know that he can avail exemption under section 54F ?
Please do the needful.

Partner ship Firm Ka Partner apna personal retrun bharna he to konsa it return bhrna padega or partner ship firm me loss he to vo personal return me kaha pe so karna padega please answer...

Dear sir/madam,
pls tell what is the procedure for carrying jewellery stock from one state to other state for exhibition and sale. i mean what document required for it.

Dear Sir,

i am doing job in accounts section and i have recd. form 16 from company.

and i have also insurance commission income like, lic, mediclaim, motor etc. so i want to know that in which section i will file my income tax return for FY. 2017-18. may i liable to prepare profit & Loss, Balance sheet separtely ?

Dear Sir,
i was registered under voluntary basis due to my business dealings on the time 16.07.2017 as composition scheme.
Now My turnover below 20 lakhs.
here i want to cancel my gst registration in the gst portal (as other cases: reason for TO below 20 lakhs in the cancellation application) on 02.03.2018(ARN generated).
but till now im not yet received any notice from the department through online/offline,

my doubt is am i file the month of jan ,feb turnover and to be pay gst @1% composition tax.
and gstr 10 when it to be file.,via online link or offline. Guide me sir

Sir,

At the time of making payment of income tax and interest, we had inadvertently made a mistake that we made a payment under the head income tax in stead of interest we have to pay.

Please give your suggestion in any problems araised in future?

Then, VAT arrears paid on demand of notice from the respective department is allowable or not allowable expenses in income tax act?

I have filed ITR 4 return for A.Y. 2017-18 in August'17 through e-verify, but till now it has not been processed and neither mail from income tax department has been received nor any compliance been showing in onlline site. So, now, what will I do now? I have tried to contact CPC but the numbers are not reachable.