If two companies have same registered office and are engaged in business with each other, will they be considered as associate companies, by virtue of the management control.

If yes, are the associated companies required to prepare consolidated financials. How to report the financials, if the associate companies have different auditors.

What are other disclosures to be made, in this regard.

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Thanks and Regards

Dear Sir

We Are getting Gift Card At Discounted Value Of Other Brand And We Are Selling It At Full Value . Whether Any Gst Applicable ?

My client is NRI and he purchased car from showroom and paid TCS amounting 85000, He had no taxable income in india, How refund the tcs amount. ?

Hi Expert, I have sold my residential flat and arise a LTCG of rs.25 lacs after considering index cost of acquisition. I have an another residential flat in the joint name with my father. Can I purchase the share of my father in residential flat by paying rs.25 lacs and claim deduction u/s 54 and save LTCG. Please reply.

Dear Sir,
fabrication Work was done in our company, that party bill 12% GST charges in the bill how much to GST charges against code is 998717

Sir,
A partnership firm purchase of new car .but car purchase value show name of one of a partner name car
partnership firm used purpose.
Question:
Above transactions purchase of car show in firm account or partner individual account books in it act.

With reference to Section 206AB of the Income Tax Act, 1961 (Special provision for deduction of tax at source for non-filers of income-tax return) applicable from 1 July, 2021, what are the documents which the deductor of T.D.S. / payer of the party should ask from the party to whom he will make the payment to ensure that T.D.S. for each of the 2 preceding previous years is below Rs. 50,000/- or how else will the deductor satisfy himself about the fulfilment of the provision of Sec. 206 AB ?

Is the threshold amount of Rs. 50,000/- applicable only to the payments made by a deductor (For example if X pays to Y Rs. 7,20,000/- per annum and deducts tax u/s. 194J @ 10%; the T.D.S. per annum will be Rs. 72,000/-) to the party receiving payment or is it applicable for the total TDS claim made by the deductee as a whole in his return of income (For example, X deducts only Rs. 5,000/- as T.D.S. per annum from Y but Y claims Rs. 70,000/- as T.D.S. in his ROI in view of T.D.S. effected by other parties) ?

Is there any specific declaration form to be obtained from the deductee to this effect ?

Thank you and regards.

Dear sir : One of my dealer purchased material for Rs.3,00,000 in January 20. Material was rejected due to bad quality. Seller was informed accordingly. He did not remove the material and it became weathered and ultimately became non usable. Can I issue a debit note in current date by reversing GST ... kindly advise.... Regards.. Pardeep kapil

I have heard that if a person files income tax returns regularly and he passes away, then IT department gives his nominee claim of average income of diceased person. Is it true? If yes, then how can it be claimed?

Sir,
It assess source of income details mentioned below
1.salary income from private institute rs:1,20,000/- yearly
2.rental income from residential property rs:60,000/- yearly
3 rental income from commercial property rs:1,20,000/- yearly
Question:
Assess commercial rental income transferred and show in it returns to wife or huf allowed in it act.