Sir,

At the time of uploading audit report new schemed 115 BAC is shown as NO.
Now party want to take New schemed, can he take .
After all audit reports has been accepted .
please guide.

A person has shown 16 lakh turnover and Rs.4 lakh as business income u/s 44ad. In real he has no income from business. what are the implications he can face?

person having salary income, interest and loss from share file ITR in new regime . but 143 received with old tax slab, with tax liability.
person not file form 10IE.

now what is solution for this.
can condolance file for this or any other solution.

Dear Sir,

There are 2 Balance sheet options in ITR 6 Form that is the normal Balance sheet and IAS Balance sheet.

I want to know who is applicable to fill IAS Balance sheet.

Please help me in this matter.

Regards,
Divyesh Jain

Sir,
Audit file hospital running person expenses details mentioned below
Electricity, telephone, professional tax,pf, ESI, building insurance paid
Medicines purchase, surgical samans, oxyzen expenses, traveling,sadar expenses, computer maintenance, repairs,phynol, cleaning charges, interest pay,rents paid.
Salaries, depreciation,bonus expenses
Question:
Assessess above mentioned expenses which column no.show in 44 clase sheet.

The entity involved is a Cooperative Housing Society Ltd. The society is not registered for GST. Under the byelaws, the society has created a Repairs Fund to meet material repairs that may be required. The byelaws also govern the utilisation of the repair fund. As per bye-law 14(b) The Repairs and Maintenance Fund may be utilised for meeting the expenditure on maintenance of the Society's property and repairs and renewals thereof. The bye-law doesnt state the fund can be utilised for GST on Repairs bill.

Question that I have is - can the GST then paid on the repairs expenditure be also debited to the Repairs fund? The society does not have any output GST available as well apart from not being registered under GST. Kindly help. Its urgent.

Pvt Ltd., Company invested Rs. 50 lakhs in LLP in 2010. Later every year Pvt ltd Company has lent Rs. 10 lakhs to LLP until 2020-21, a total amount of Rs. 120 lakhs lent as an unsecured loan to LLP. Now Pvt Co. wants to exit from LLP at a total settlement of Rs. 70 lakhs. How to calculate capital gains in the hands of Pvt ltd Company. If we opt for indexation we can calculate up to AY 2018-19 afterward we cant do indexation.

DEAR,

HOW TO INCREASE AUTHORIZED CAPITAL IN ONE PERSON COMPANY. PROCESS?

WITH CLEAR PROCESS

Sir, we have availed service of the clearing forwarding agent (CFA). CFA has made payments to various transportation agencies, line agencies and storage agencies and gave us reimbursement notes along with his separate bill of service. My question is whether we should deduct the TDS of the agencies whose expenses are paid by CFA and he gave us reimbursement notes.

We are HUF created in 1982 .We are assessed till A.Y.2021-22 and received assessment order upto A.Y.2021-22 from IT .The funds of Huf was distributed among family members in march2021 .Now we want to surrender PAN before ITO. What is the procedure for this.