Company 'A' is having 28% investment in Company 'B'.
Company 'B' is also to be considered while consolidating Company 'A's financial statement? Please advise.

We are facing issue in registering director of company on MCA portal as MCA portal is showing Personal detail mismatch. However we enter the correct detail of director as per DIR-3 KYC and as per PAN . Kindly look at the problem and resolve the problem as soon as possible.

SIR
MR.A PRUCHAES OF LAND AS ON 1983. TOTAL 4500 Sq.fit. COST OF RS.11450/- HE SOLD THIS LAND AS ON 20.11.2022 RS 15,00,000/- 1800 SQ FIT . AND ANOTHER SALES OF 800 SQFIT AS ON 23.3NI2023 RS 5,90,,000.HE SPENT IMPROVMENT EXPENSES AS ON 10.1.1977 RS,45,000/- AND 16.12.2005 RS/. 85,000/- 10.1.2019 RS 65,000/- 6.09.20012 RS.77,000/-
MY QUERY IS
1)THE IMPORVMENT IS APPLICABLE IS WORKING LONG TERM CAPITAL TIME?
2) THE BALANCE 1900 SQ FIT HAS SOLD AS ON 15.5.2023.
3) AT TIME ANOTHR IMPROVMENT COST EXPENSES RS. 87000/- AS ON 18.09.2108. THE IS AMOUNT IS APPLICABLE WORKING ON CAPITAL GAIN FOR THE AASST-YEAR 2024-25
PL GUIDE OF THIS WORKING CAPITLA GAIN
THNAKS

I am planning to buy an electric car with SBI assured car loan (@rate 9.6%). I am planning to keep enough funds as FD in SBI (@rate 7.5%) in order to get 20 Lakh car loan for a tenure of 60 months and to pay the EMI from its interest. I understand that I can save tax under 80EEB for the interest I am paying for the electric car loan. I unable to work out the mathematics. Can some one advise which one will be economical for me, whether to go with this arrangement (loan on FD and getting tax rebate) or buy the car by paying cash directly? I am a senior citizen. Annual income INR 800,000/- from LIC annuity schemes, FDs and Rentals

Dear Sir Madam


I only started trading in future and options last financial year . Earlier I used to trade in equities only . Now my question is where to get the proprietor capital figure to start a balance sheet.

How to post journal entry of tution fees collection from individual student in tally keeping the outstanding of individual student Suppose a student X have an outstanding tution fees on 1st April 50000/- and received an amount of 25000/- in FY22-23. Show the journal entry for tally please share your answer it's urgent.

Dea Sirs,
I am a senior citizen having an annual income of approximately 8 lakhs. My income is pension from LIC annuity schemes, FDs and rented properties. I am engaging two domestic helps at home for my parents and each charges INR 19,000 per month. Can I get any tax exemptions for this monthly expense of Rs. 38,000/- when calculating the net taxable income?

Suppose a GTA registered on GST on Feb 2023. He wanted to opt 12% gst rate under forward charge and take itc. For the month of feb he has no sales invoice and hence for feb 23 he filled nil return. For march and apr he has some b2b invoice, hence he filled return. He charged gst 12% on invoices and accordingly filled gst return and take itc in his gst returns. Later before filling of gst return of the month may 23, he comes to know that he had to file declaration to opt under forward charge in Annexure III in gst portal but he could not to do so.
My question is that what can be do now for opting 12% gst rate under forward charge even after option to choose forward payment by GTA has been expired. Weather any relaxation available and if not then what will happen to those invoices in which GTA had charged 12% gst rate under forward charge and accordingly GST return filled by taking ITC.

An interest-free loan worth Rs. 150000 had taken on 01.05.2022 for payment of the PPF account but the same was repaid in full on 28.03.2023. How to show the same in the balance sheet in ITR-3? Kindly help by way of sending your valuable opinion. Regards, T.K.ROY, West-Bengal

Dear Experts, MY 26 AS A.Y 2023-24 Showing wrong Data, Part -1 TDS showing Sec 194C Amount Paid 73128/- TDS Rs 731/- & another Amount Paid 72980/- Sec 194C But These entry not related to me. Please suggest .