Dear Sir,
We have raised some invoices to few Parties on one condition that on receiving the Invoice & Material, they will make the payment after deduction of Cash Discount. But this Condition was not disclosed in the invoices raised to the above parties. Now, I want to know for Balancing the Ledger of such parties i need to raise Credit Note but What will be the GST Implications on such Credit Notes.

when to Claim Depreciation 50% as per income Tax.

what is pre operative expenses for company and LLP, what is its Tax treatment.

what should be Tax treatment if, donation given to Non Government organation.
Under PGBP and Deduction under Chapter VI-A.

when to calculate Earning per share according to Weighted average method.

As per AS 10, Before production expenses incurred for
Loan Processing Fee,
Interest on Term Loan,
interest charges for OD Limit
whether it should be capitalized.

Dear Sir,
a person carrying status of Residence of India. Now from 1st oct 2020 he is staying in Netherland for PHD.
Query 01: If he get Scholarship of Rs. 11 lakh from University Netherland then is exempted u/s
10(16)?
Query 02: If he get Rs.11 lakh as a salary then it is taxable ?. if Yes then under which section?

Please Reply as early as possible
Thanking You

Sir,
It assessee share transactions intra day turnover rs:1.50 crores in f.y.14-15 .but assessee it returns non filed. Notice from it department
Question:
Assess it returns filed in f.y.14-15 accepted and tax penalty interest applicable in it act

Hi,

I am thinking to help one good student (but underprivileged) to study their higher education(B.Tech). I am doing this because many of us have been there.

The Tutuion fee is about 1 lakh rupees per annum. I would like to know if I can get some form of Tax exemption for this amount. I am fine with taking a certain approach if that saves tax.

Thanks in advance..

Dear all

I have one question regarding to start new business for dealing in share, mf and other instruments.

One of my friends have fund exceed of Rs.1 crs. And he wants to start or take franchise for dealing in share and other security. He wants to know how to start new business and need clarification of doubts. His main motto to clear foll. Doubts are he want to reduce tax liability-

1) He will start business as a Proprietor or create new partnership firm
2) He will start business as new company incorporate
3) He will create Investor Institutional -legal entity (also want to know how to create investor institution and where to apply and what is charges for that??)

Please clarify to me at earliest. He want to start new business from April 2022 onwards