Hello members, I am a partner in an LLP which completed its first year of operations in March 2021. During FY 2020-21, I earned income as a freelance content writer while also being a partner of the LLP. I did not take any salary from the LLP during the financial year, neither did any other profit accrue to me as a partner. The only money I withdrew was in the form of drawings, that too a single transaction. Please guide me regarding the ITR form which I need to use to file my return. Also, is there any proportionate income relating to the LLP which needs to be added to my individual income for the year? Thank you in advance for your assistance.

Can LLP trade in the stock market? and if yes, is that activity should be mentioned in the objectives of the company?

Read more at: https://www.caclubindia.com/experts/ask_query.asp

Respected Experts, we generally pay to Registered GTA & Local commercial Vehicle as well.
My queries are below :-
1) Registered GTA issued Consignment Note i.e. Bilty. Should we make a separate invoice for the same?
2) Local vehicles don't issue bilty. What type of invoice should we issued. Also, can we issue
a single invoice for URD multiples entries at the end of the month e.g. 31-08-2021
3) In the above cases, should we issue a payment voucher as well?

Kindly guide me.

Rakesh Sharma

i want to business code for gruh udhyog income
and which itr is prefer

Hello

Is TDS applicable on gardening services and under which section.

Please advise.

Regards,

Seema

If a partner retires then
1. a new partnership deed is to be made stating retirement of partner?
2.does a partner need to give any resignation letter to its firm. ?
3. can anyone provide me format.

I run a website and get my payment from Google Adsense in form of a wire transfer from the USA. My company is registered in India and I live in India as well. The company has 5 employees, all residing in India.

I was thinking about opening a Free Zone Establishment in Dubai while residing in India and without taking Dubai residency. I am doing this mainly to save taxes and wanted to know whether it is legally possible to do so.

I will be the sole Director in the Dubai Free Zone establishment and it won't have any employees. Even I won't be drawing any salary from my Dubai Free Zone establishment. I will use it only to receive payment from the USA.

I won't dissolve my Indian Company. It will remain as a completely separate entity. I will transfer some money from my Dubai Free Zone establishment to my Indian company so that I can pay the salaries to my employees in India. So basically, My Indian company will be unprofitable and I won't have to pay taxes here.

Is this type of structure legally feasible?

Edit: If possible please let me know of any Tax Attorney in the Delhi Region who might be an expert in this field

The Society land conveyance deed was executed in favor of the society on 01.Oct 2019 i.e. during the FY 2019-20.
The Land now becomes asset of the Society.

However, while preparing the financial statements, neither the Managing Committee nor the Auditor considered this fact to include this land as an asset of the Society. There are few more assets which are also not considered while preparing the financial statements.
When brought it to the notice of both, the auditor is of the opinion that this is a technical error and will be corrected in future years.
My question is that, does this amount to negligence on the part of Auditor? Can it be referred to disciplinary committee?
Thanks

I am not a income tax payee.

During financial year I renewed and partially made fresh FDRs Total amount Rs 13 lacs. All amounts are transferred from old FDR or SB

The amount is being shown in AS26 form as SFT by bank. The interest earned is also being correctly reported.
Should I file income tax return

I have LTCG of M/F and Share, and STCG of M/F and Share. So, I need 4 items in ITR-3 or ITR-2 but there are 2 such items to fill-up. How can I add more row on those transactions in new IT portal? Previously, you asked me to search left hand side in CG sheet but there is no such in the portal. Kindly send me your direction. Regards, Tarak Kumar Roy