A Pvt company has 2 directors A & B. Director A loaned Rs. 5 lakhs to the company which was used to purchase machinery. The company is not returning the loan to Mr. A.
Can Mr. A sell or take over the machine?

sold an inherited agricultural land for 4500000 and invested 4371240 in residential property u/s 54F.we paid tax on the remaining amount but now we have received notice for proposed adjustment showing "Amount in Income tax Return 128760 and Amount as computed 4500000,Variance of proposed adjustment 4371240" we have double checked the ITR form and found no mistake. please help us resolve the same

In case of one of my New Client, Doctor by Profession, Certain Issues have been observed:
He has Basically 2 Sources of Income:
1. Income from Partnership Hospital(Remuneration, Interest & Profits) from AY 2016-17
2. His Own Practice.

From AY 2016-17 to AY 2019-20, He has never shown any Income from Hospital(Amount is Substantial)
As for AY 2019-20, we have option to Revise Return u/s 139(5)
But for AY 2016-17 to AY 2018-19, there isn't any such option.

The Income Undisclosed for each AY is More than Rs. 15 Lakhs. This was not wilful.
They are now ready to pay Taxes.

What is the Recourse for AY 2016-17 to AY 2018-19? And the Risk Associated with it.

How to do EPF entry for bank statement in tally

Vendor name was filed Mr. X in april 2019 GSTR1. But actually material was sold to Mr.Y whehter now this can be amended in subsequent GSTR1??

WHILE ANSWERING TO A QUERY, EXPERT SEETHARAMAN SIR MENTIONED THAT TENDER FORM SALE BY GOVT DEPARTMENT IS SUBJECT TO RCM AS PER SECTION 9(3). BUT I COULD NOT SEE THIS IN THE LIST OF TRANSACTIONS COVERED BY 9(3). IS IT ADDED BY A NOTIFICATION ? IS FO, PLEASE SHARE THE DETAILSM OF THAT NOTIFICATION. THANKS IN ADVANCE. vinodaca74@gmail.com

One party had sale on July 2019 (let say 100+18=118)but buyer done payment less then invoice value let say 98 so party shown the difference in discount i.e. 2 Rs. and issued credit note of Rs 2 to Buyer. Is GST applicable on discount amount ?

if private limited company registered under bangalore jurisdiction. but directors are residing in maharashtra. so query is that both directors are liable to take PTEC in maharashtra???

HOW TO APPLY MEIS CERTIFICATE

can A contracter thrir itc ??