Vignesh Raja
10 July 2024 at 19:02

ITC On Asset Insurance

Hi All,

Can we Avail ITC on the Asset Insurance which is for the below points

1. Burglary
2. MBD- Machinery Breakdown
3. Electronic Equipment Insurance

If we can claim ITC for this, Kindly share any Provisions or Section for this scenario to understand better


Javed Memon
10 July 2024 at 18:29

Laboratory Income

Can we declare laboratory income u/s 44ada ?
and if yes then under Medical Services or Technical Services ??


vishwas
10 July 2024 at 17:01

Firm name Approval ICAI

Dear Members , I had applied firm name approval with ICAI (as proprietor ) and same got rejected and reason by icai is " due to The firm name proposed by you, is/are not as per our guidelines (Regulation 190)"
my name is Vishwasa B M and i applied as Vishwas B M and its as per As Per Point(I) i.e permitting the use as a firm/trade name a part of the name of proprietor .
whether its allowed , what to do in this situation ??


Prajakta Potdar
06 August 2024 at 12:25

Irregularities in filing form 10B

A statutory body is enacted as per Advocate Act 1961. As per Supreme Court Judgment, income of statutory body is exempt u/s 10 (23 A) and section 11.

Since AY 2020-21, Form 10 B is mandatory to be filed. Due to lack of knowledge, Form 10B was not filed in time.

Income tax sent notices since AY 2020-21 , 2022-23, 2023-24 and made all income taxable. How to solve all the problems. Please guide.


Ritesh

Hello Sir/Madam,
I have query regarding, Deductions permissible for section Section 57(ii) and (iii).
I have rented flat , I have done some repairing in that Flat (like Painting), For that I had spend Rs 1200.
can I claim Rs 12000 against Section deduction in section 57(ii) and (iii).


SIDDHARTH MAHESHKUMAR SHAH

One Consultant, who is Individual and HUF and who is not an advocate has raised invoice without charging GST for his consultancy services, in this case should we need to charge RCM GST on this invoice. Consultancy may be of labour law or any type.


Ravi Konda

Dear all,

Our company has given one vendor a comprehensive contract for the design, material procurement, construction, and installation of a Biogas plant.

I wanted to know at what rate TDS will apply on such a contract type.

Thanks & Regards,
Ravi Konda


prakash
10 July 2024 at 14:49

Itr file Crypto query

Hello sir, I work as a freelancer in a Crypto Casino site as a chat moderator

The total amount of transactions came to 1.5 lac for the financial year.

Now my question is do I need to pay 30% tax?


Smrity pro badge
10 July 2024 at 13:27

Foreign exchange revaluation entry

Hello All,

Can some one help me with the Foreign exchange revaluation entry

I have booked the gain/loss monthly , but am confused about the revaluation entry as on 31st March


Saritha Velikkal
10 July 2024 at 12:42

Rearing of chicks

Sir,
May I know whether there comes RCM liability on the payment given to farmers for rearing of day old chicks.