Madhavi Pandit

Hi Experts,
There has been death of a trustee of charitable trust registered u/s 12A and 80G. Should the trust now with 2 trustees inform the AO in a specific format?
Are there any other formalities, so that the registration u/s 12A/80G is not affected?


Nisha
23 August 2023 at 18:22

Transfer Pricing Policy Template

Can anybody please share template of transfer pricing policy for an organization


Yogesh Saini
23 August 2023 at 15:42

Security deposit entry on due basis

Can the entry of security deposit be shown in accounts on payable basis?


Daya

Journal entry in the books of LLP and Partners capital on 31st march
what entry should passed of tax distributed among partners capital and Profit and loss transfers among partners in the books of LLP and Partners capital account.


Daya

Tax paid by LLP such as
Advance Tax paid Rs. 10,00,000/-
TDS Receivable Rs. 5,00,000/-
TCS Receivable Rs. 5,00,000/-
Total Tax Amount Rs. 20,00,00
There are three partners and Ratio are A 50%, B 25% and C 25 % whether I can pass journal entry on 31st march in LLP Books
A's Capital A/c Dr. 10,00,000
B's Capital A/c Dr 5,00,000
C's Capital A/c Dr 5,00,000
To Advance Tax 10,00,000 To
TDS Receivable 5,00,000
To TCS Receivale 5,00,000
Now my question is that can I pass in the books of partners capital on 31st march .
Advance Tax A's Capital 10,00,000
Advance Tax B's Capital 5,00,000
Advance Tax c's Capital 5,00,000
To Partnership Firm LLP 20,00,000
Please reply, is correct or incorrect Entry.


Daya

If Group company loan provided to other company interest free , whether it is fair to give interest free loan to other companies.


VIPIN GUPTA
23 August 2023 at 14:22

Sale of Lease Hold Land of a Factory

Dear Sir,
We have sold Factory land in the Fy 2018-19 which was acquired by us 40 year back from RIICO on lease for 90 years, now the GST Deptt is telling us to pay GST on it. We are arguing that the document to register this sale is Registred Sale deed not Lease Deed, and as per Schedule III sale of land is not covered under GST and there is no mention of Lease hold land or Freehold land, it only mentions land. I am not able to understand are we on correct line or we have to pay tax . Is there any case law status in your knowledge


CA Parul Saxena

for 2 factor authentication ihad created sub user on eway bill system .E way bill is generating but while logging from sub user id and password on e invoice portal e invoice tab is not activating...


M.Ramkumar
23 August 2023 at 13:29

TAX AUDIT UNDER CLAUSE 44

Greetings Sir/mam,

Kindly let me know whether Staff welfare exps are covered under Negative List and reporting under Clause 44


Guest

If a UAE based company wants to provide software consultancy services to individual person in India, is there any tax (customs/vat/gst etc) or license that the UAE based company needs to consider?





CCI Pro

Follow us


Answer Query