Dear Sir,

We have advance from Sundry debtor in Credit Side in Balance Sheet. While Filling ITR-3 i dont find anything where i can show Please suggest Can we show under Sundry Creditor

Please advise

DEAR SIR,

MY CLIENT OWNED HEAVY GOODS VEHICLE (16WHEELS) AND ATTATCHED TO THE COMAPNY. THE COMPANY DID NOT DEDUCT TDS U/S 194C BUT IN FORM 26AS SHOWING BUSINESS RECEIPT OF RS 64300. BUT AS PER SECTION TDS SHOULD DEDUCTED IF THE CONTRACT BETWEEN THE CLIENT AND COMPANY. IS THERE ANY PROBLEM TO CLIENT OR NOT
MY CLIENT ALSO DOING OTHER MAIN BUSINESS PHOTOGRPHY AND VIDEOGRAPHY.

THE INCOME FROM CONTRACT HIRED FROM THE COMPANY SHOULD BE DECLARED IN OTHER SOURCE OR BUSINESS INCOME.

PLEASE GUIDE ME

Sir,

Proprieties have 3 Term Loan and 2 CC Loan account Interest from All Loan account FY 2023-24 is Rs.991000/- Where 661000/- Interest as Term loan. Proprietor have taken term loan from shop and home proprietor but he used Loan amount for Business purpose. In FY 2023-24 Net profit is around Rs.43500/- according to owner we should show NP around Rs.600000/- So can we Charge Term Loan Interest Rs.661000/- to owner,s Capital account and Rs. 330000/- CC Interest to PNL Account
Please advise Sir,

Hi Sir,

I am a 29 year old girl already holding a degree in MBA and working in the field of Human Resources from last 6+ Years. After thorough analysis , i am thinking to pursue CA along with my job and give it a try. As i already hold an MBA degree i am thinking to attempt inter Group 1 in may 2025.

It is really possible to start from scratch at that age, considering i will be definitely having family responsibilities after 1-2 years. Also in case I finish it by 33-34 years of age what opportunities I ll be having as a CA fresher at that age or in case i start my own practice at that age what are the growth opportunities in that ??

Please help me with this. I need guidance

We have incurred an expenditure for trademark search in different countries. Does this expenditure need to be capitalized or not? If not, in which ledger we should post this expenditure.

Mr Ankit is giving a gift of 50 lakhs to his sister Bindu. As part of the Gift, Ankit prepares a No Objection Certificate which states that Ankita (Bindu's elder daughter) and Arpita (Bindu's Younger daughter) are providing no objection to Ankit for giving a gift to their mother as their grandfather's wish was to provide this money for the marriage of the grandaughters, however, since the marriage of the grand daughters have not taken place, Ankit is gifting this money to his sister as per his father's last wish. Similarly NOC is taken from the sister - Bindu as well, and in addition, one clause mentions that both of Bindu's daughter's are willing to indemnify their maternal uncle - Mr Ankit.

Facts to note are - both the neices of Ankit (i.e. Bindu's daughter's are unmarried).

Question 1: Does provision of clubbing of income apply? If yes, in whose hands will the income from the 50 lakhs be clubbed with?

Question 2: Is there a way in which the clubbing provision does not apply?

Question 3: will the donee i.e. Bindu who is the sister of Ankit, have to pay any taxes - be it gift or income tax?

My client had filed Form 15CA part D. Now if he does not wish to remit the money how can he withdraw form 15CA particularly when 7 days have passed when he filed form 15CA online.

Should the service provider be able to claim ITC on purchase of agricultural things for such agricultural purpose?

Dear All

I am paying freight in cash to transpoters. Some bills are reflecting under GST for which I am liable to pay reverse charge but others it is not showing. Do I have to pay reverse charge on that also and claim the input credit for that or i need not to consider the amount which is not in GST.

Dear Experts,

Are 15CA & 15CB forms necessary when making a payment from a credit card to a foreign company like Linkedin for sales navigator tools (automatic payment deductions), GoDaddy for domain purchase, Grammarly for tools?

Please respond, as payment is being deducted from the credit card.