Kavita R
21 December 2021 at 09:58

Purchase of Land by Pvt. Ltd.

Does purchase of land in fy 2021 by Pvt. ltd. subsidiary co. requires to pass special resolution? The Company had already passed u/s 180(1)(c), 180(1)(a) and 186 (2)(b) in 2014 for Rs. 1200 crs and has been utilised under FITL of holding company .
Is it required to pass a special resolution as and when the prescribed limit is crossed and while such transaction is taking place every time.
Pls advise. Also advise the procedure and draft resolution for the same.


Kollipara Sundaraiah
21 December 2021 at 09:48

Equipment and assets show in h.o. or b.o.

Sir,
A person maintained a private hospital two places single proprietor.purchases of medicial equipment and other fixed assets payment through on head office place bank account for assests used for branch purpose
Question:
A person total assets head office and branch office value amounts shown in h.o. account books only or separately transferred to b.o. is corrected procedure.


krupa
20 December 2021 at 23:34

Itr 3 filing

During filling of income tax return of small proprietor (no books of a/c ) , a validation error comes out repeatedly.
Validation error description :- 1) In schedule BP, sum of values entered from 36(iv) to 36 vii) should be equal to sum of " Net profit " declared at SL No 64(id) and 64(iid) in Sch P&L .

Now the actual fact is , as per No 1 validation error , actually both the figures should be different as per their respective values therefore i am really surprised why system asks for that " In schedule BP, sum of values entered from 36(iv) to 36 vii) should be equal to sum of " Net profit " declared at SL No 64(id) and 64(iid) in Sch P&L " I am trying to rectify the error many times but doesn't work. Pls suggest how to move forward.


Mallikharjana Rao Chalavadi

our company purchased flexi sign baords for disply of name outside the office premisses.we request you please provide us under which category of asset it comes and rate of depreciation as per companies act as well as income tax act.


Priyanka
20 December 2021 at 19:19

Turnover in case of Construction Business

Respected Experts,
We have a client engaged in constriction of Residential building. GST is paid as and when agreement is done with buyer. In case of GST, Turnover is on agreement basis.
But how to show turnover in Income tax ? It should be same as per GST on agreement basis or on the basis of WIP ? is it allowed if turnover as per both acts differ ?
Kindly guide.


Dhiraj
20 December 2021 at 18:41

Books For CS Final Professional

Dear Experts,

I understand the Institute modules are the one stop best solutions for to cover the entire syllabus, but still request you to please share the list of best available author books for all the three modules of CS Final ?

Thanks


N RAJAN

WHETHER THE BROUGHT FORWARD LOSSES AND UNABSORBED DEPRECIATION CAN BE UTILISED FOR SUBSEQUENT YEARS IN NEW TAX REGIME.
INTIMATIONS COMING UNDER INCOME TAX ACT FOR CLAIMING BROUGHT FORWARD LOSSES AND DEPRECIATION UNDER NEW TAX REGIME. DO ANYBODY FACING THIS ISSUE?



rekhaavenkkat V

I was practising and had an article under my partnership firm. I shifted to employment got placed in a company . once i registered my employment in ssp portal . My COP status became Part time COP. But my article is not able to terminate her articleship. The support is asking me resign from my partnership. I need to hold on to the partnership to make other partner take over the business completly. WHat can be done?


Daya

What is difference between Trade payable and Expenses Payable while making Balance sheet as per schedule VI of Balance sheet.


Pankaj

Sir
What is tax treatment on Medical Reimbursement bill received ( for his / family member medical treatment) by Govt Employee from his Employer ( Govt ). Sir any exemption ?






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