I am running a proprietorship business as Wholesale Trader of readymade garments & registered under MSMED as Mircro and having turnover of around 1.75crores. I purchased readymade garments from manufacturer of readymade garments who are registered under MSMED as Micro/Small Enterprise.
Whether Section 43B(h) is applicable to me and do i need to pay the manufacturer within 15/45 days?

Is TCS applicable on demolition waste of building? Will it considered as scrap for TCS applicability?

Please let me know the section according to which - to avail the credit an event company need to register in the state of event performed.
I am searching for that particular section but failed to find

Dear,

How to make related party in tally in company A and B.

regards

In a faceless assessment order, the income of the firm is fixed at 8% of the gross receipts by the faceless assessment unit. But the interest on capital and salary to managing partners not deducted in the order. Tax calculated on the 8% fixed on gross receipts. Can we file an appeal asking for the deduction of the interest on capital and salary to partners . Can the experts throw light on this aspect please...

Sir,

Please share Suresh Add on software in excel to convert Numbers to Words in excel with Indian
Rupee Symbol. Advance Thanks

https://youtube.com/shorts/40Bzx00r-A8?si=s0bbDw85P_QNq77p

How can Sandeep Toshniwal hold board of 75 listed companies, when the maximum limit is 10 in case of public companies?

CAN ANYONE TELL ME THAT I CAN CONVERT PARTNERSHIP FIRM INTO PVT/LTD OF SAME BUSINESS. IF YES, HOW IT CAN BE CONVERTED.

THANKS

KAPIL

A father,PSU bank pensioner, receives gift of 500000/- from his son -a govt. emloyee to start a trading business. What is the tax liability of both at the time of receipt and after earning the profit from trading business. Is the son liable for tax in profit ? please guide

Hello Experts,

We have a cost plus mark-up agreement signed for export of services with fully owned US entity and they have sent us some advance money to meet expenses of indian subsidiary. I have booked this received amount to DR Bank and CR Intercompany Payables Account. Previously it was booked to Unbilled Revenue by our book keeper and they still argue that it has to be booked Unbilled Revenue instead off Intercompany Payables Account. Can any experts clarify this?

Appreciate your help on this.