i am working abroad for the last three and a half years and my status is NRI -- i hold a PPF account with bank of baroda which needs to be renewed for the next five years from 1.4.2020. pls guide whether i can renew the PPF account or do i have to close the PPF account as i am a NRI. thanks

Dear expert kindly enlighten me that can we utilize carried forwarded losses through belated return of income??

I have a query related to Share Transfer- Kindly advice me on this.

There's a Pvt ltd co with 3 directors cum shareholders with ratio of 60:35:5. (Let's say A:B:C)

Now, B&C will go out and transfer 35+5 (total 40) percent shareholding towards new Director cum shareholder Mr. D and A will continue at 60percent.

To do this,

1. Should Incoming Director be taken on board first as additional director and ratify in the agm and then should the transfer take place?
2. Can we have transfer of shares to Mr. D even before he is taken on board and then follow additional director procedure
3. Does Issue of Right Shares or Private Placement come into picture here.

Kindly suggest me the best way to tackle the situation.

Sir,

I have deposit some amount in PPF account and Paid LIC premium on Dt. 2 April 2020 . Please advise to me how to pass the entry in books of account to claim 80c deduction.

Suppose, I'm an NRI working in UAE. I have a salary income of Rs. 25,00,000 and have a bank account in UAE for crediting salary. I have no income accruing or arising from India and no deductions also. Im i required to file ITR u/s 139 (1) ?

Under Deemed Exports , which amount is *refunded to supplier* of Deemed Exports If *ITC is not taken by receipent* ......is it refund of IGST Paid or refund of unutilised ITC on Inputs used for making supplies?? whether this turnover is called turnover of supplies on which refund claimed under rule 89 (4A) ??

Dear Sir, we have issued the cheque for SBI life insurance on 02. 04.2020 Please advise to me below is the right method of entry

CAPITAL A/C. DR. 31.03.20
SBI INSURANCE PAYABLE CR. 31.03.20

or any entry please suggest in books of account.

Hello there. I'd like to know which return to be filed in case my client is a wholesaler with a profit margin of 2% without books of accounts.

Sir, we have deposit Rs. 56000 in PPF account on 01.04.2020 please suggest how to make the entry in books of account. PETERING to FY 2019-20

Dear Experts

Company A has appointed a C&F Agent , who is providing the services from a warehouse owned by him/Lease from some one else.

Lets say the company pays Rs X as per month fixed charges that included use of the warehouse as well.
the company decides how the warehouse will be maintained , temperature etc among others .

In such a cases is there an identified asset . Do the company has a control over the use of the ware house .

Many Thanks in advance