Can a person who is the first holder of shares (physical certificate) transfer shares in his single name, since the 2nd Holder (a friend) has not been traceable since more than 10 years.

We have received tender for construction of unipoles and thereafter advertisement rights will be awarded to us in consideration of licence fees.
My query is what would be the treatment of construction cost and if capitalised what would be the manner of charging depreciation.
Please guide...

I am a salaried employee with yearly income 7.2 lakhs. I missed the itr deadline so what should I do now? I have no access deductions bcz I have provided investment details in investment declaration form so till now my TDS deducted is 0 . So should I fill an itr?

How should a college record the following items in its books of accounts?
1. Development Fee
2. TDS
3.Provident Fund

Challan details mentioned in the statement not present in the challan file imported - This error is seen while filing Q3 Return - can any one help

Hello Sir

I have two query :

Suppose one employee who make the payment of Airtel new connection which is in the name of partner and the same is installed at partner home . can we claimed as expense when we make the reimbursement to the employee.

2- Employee who purchase the heater for business and the bill is in the name of an employee . can we claim the gst on it and claimed as expense for reimbursement made.

we placed order for 20000000 tubed , out of this 500000 tube is replacement one .
please advise how to do accounting in this case . how the billing will do by supplier .

Dear Sir,

One of my client files his income tax return filed under Section 44AD. I want to know what is the provision of mentioning cash balance under this section. Is there any minimum or maximum amount limit for showing in the return.

Please help me in this matter.

Regards,
Divyesh Jain

Hello Members
Good Morning

I want to know whether for registration of Trust u/s 12A of the Income Tax Ac, 1961 requires Financials of 3 years ?
If I have Financials for 2020-21 and want registration for Trust so can I submit Financials of one year (2020-21) for the purpose of registration ?

Thanks IN advance !

Section 8 company had received donations Rs. 20 laks in FY 19.20 as corpus fund. The said amount was not shown to profit and loss account as income. In subsequent year i.e. in FY 20.21 the said amount was utilised under emergency as donation to a trust which was running Covid care centre. The company did not any receive any income or donation in F Y 20.21.
The query is - What should be the accounting treatment in books of account.
Whether the amount utilised from the Corpus fund should be shown as income in Profit and loss account of the company by transfer from Corpus fund. OR no income in profit and loss account and only expenditure of donation to other trust should be shown, resulting into deficit/loss in the profit and loss account?
Further any qualifications are required in audit report?