A shareholders received shares , in the Financial Year by which mode shares can be obtained Please reply.
such as Bonus, split of shares etc.
In the books of individuals because extra shares received how to identify from which means received.

how to make journal entry of shares received on demerger of shares by the shareholders in books of accounts. and what would be the cost of shares received.

(1) WHETHER DPT 3 NEED TO BE FILE IF THEIR IS NO CHANGE IN ANY LOAN TRANSACTION DURING THE PERIOD (OPENING = CLOSING) ?

(2) SUPPOSE IF THEIR IS NO LOAN THEN ALSO DPT- 3 NEED TO FILE ?

Dear Sir,
One of my client received commission of Rs.38 lacs and TDS deducted 1.9 lacs. What is procedure for filing IT Return and claim refund. I mean how much income to declare.
Thanks in advance

Dear Sir,

If a person sold a property in the financial year 2020-21 which was in his name and had a capital gain of Rs. 40 lacs which he didn't invest it anywhere till date but rather used the sale proceeds to repay a loan of another property which was in his name. The loan was taken in the year 2016.


He didn't file his Income tax return for F.Y 2020-21 and has now got notice for filing updated return. Is there any way now he can save the long term capital gain tax on sale of property and file updated return.

Please suggest if there is any solution.

Regards,
Divyesh Jain

I have purchased an electronic item on 30 May 2023. The item will be delivered some time in July.
I paid 99$+25$(as shipping charge) to the seller located in USA.
I want to know how to file the GST on reverse charge basis.

1. What is the date of supply? Is it the date of payment or date of receipt of product?
2. On what amount should I pay the GST, 99$ or 99$+25$(shipping charge)?
3. In which month should I pay the GST under RCM?
4. In which month can I avail GST as ITC? Will it be populated automatically? If not, under which head should I mention the ITC in GSTR3B?

Thank you for your kind help.

Partnership Firm filed ITR-4 under Presumptive Income during previous Assessment Year. How to opt-out of Presumptive Taxation? Also filing ITR-5 option is not available only ITR-4 is available. What to do in case business suffered overall loss?

Hi Experts,
My Flat was unoccupied for 2 years and then we had incurred huge costs for Renovating the property & also the society asked for some structural building work for mandatory repair.

For last 9 months in FY 22-23 my flat is now been rented out but now how do I deduct above costs for its tenantable state?

Thanks,
DM

The firm having 5 partners. This situation, we are calculated and paid the interest on capital to only 2 partners capital. Is eligible U/s. 40(b) to give interest on capital to that 2 partners.

A Indian company is having 100% owned Foreign Subsidery.

There is a Loan given by HOLDING to Foreign Subsidery. Now Subsidery is sick and out of business and under liquation process in Foreign country ( as per local laws)

Need to understand the impact in HOLDING company books.
a) Under what Heading Holding company have to provide in books
b) Is there any pre or post restriction in FEMA / RBI Permission
c) Is there any other options to mitigate the losses.