Appointment of director is SEPCIAL BUSINESS...so explantory sttement is needed ? can two directors be appointed through one Resolution in AGM ?

I APPLIED FOR CANCELLATION OF REGISTRATION OF A PARTNERSHIP FIRM IN NOV 2018(FIRM TAKE REGISTRATION AND WITHOUT ANY TRANSACTION APPLIED FOR CANCELLATION BECAUSE PARTNER CHANGE HIS DECISION DOING BUSINESS IN PARTNERSHIP) BUT STILL STATUS OF APPLICATION IS PENDING WHAT TO DO. I AM NOT FILLING RETURNS AFTER MARCH 2019. WHAT TO DO OR WAIT.

Hello,
As per notification No. 69/2019, it is mentioned at 30% for Motor cars, other than those used in a business of running
them on hire, acquired on or after the 23rd day of August, 2019
but before the 1 day of April, 2020 and is put to use before the 1 day of April, 2020.
My query is whether dep @ 30% is on p.a. basis. So, for the car purchased after 30th Sept.2019 but before 31/3/2020 will get 15% depreciation ( being car bought and put to use in second half of the financial year 2019-20).
Am I right? please advice. Thanks.

I have take a loan from a friend Rs. 15,00,000 @ 12 p.a. now while paying interest do i have to deduct T.D.S and pay interest. Also what is the procedure i need to follow as per law from any form filling or depositing with government etc.
Please explain the whole process from scratch.

I and my wife have business of same nature on two different floors of same building ; have different electricity meters

Can we have common staff for both the business

Pl advice

Sir
If I pay LIC of katra of HUF from HUF account then can I take deduction of the premium paid u/s 80C.
Pl advise.
Sanjay

The assessee is having all the 5 heads of Income. Main source is Salary and House Rent. During the year 2018-19, he incurred loss in Futures & Options trading around Rs.37 Lakh.

Now, we know that in case of F&O transactions, it shall be assessed under the head PGBP and hence, we need to report this loss in the P&L A/c. But, as he doesn't maintain accounts regularly, at the time of filing ITR-3, he just filled up the Part-B of Balance Sheet and P&L (i.e., No Account Case).

Department has sent intimation U/s 139(9) by saying that as the loss is claimed under PGBP, Part-A of Balance Sheet and P&L has to be filled up.

Now, the question is - if we try to prepare the P&L A/c, What shall be the Turnover?

We know that, to determine whether the assessee is falling U/s 44AB, in case of F&O trading, the turnover is to be calculated by adding all the profits and losses in absolute figure. But, this should not be the turnover which shall come into P&L, right?

If we report the actual sale value and purchase value, definitely it will cross few crores easily. In that case, again department will say that Tax Audit needs to be done u/s 44AB!

What is the solution? Hope I am clear to present the matter.

Thanks.

One Assessee is having rental income of Rs.12,00,000 per year and he is also getting remuneration of Rs.12,00,000 from partnership firm, there by the total income is Rs.24,00,000 - is he liable for payment of GST?
please clarify

Sir,

Three partners of partnership firm has not filed IT returned. Though they have firm IT filed, is it compulsory for partner to open IT filed.

Dear Members,

Please help on the following issue
If an NRI is purchasing an immovable property from an Indian Co. for Rs. 1.50 Crore then:

I) Is e liable to deduct TDS u/s 194IA?
II) If he (NRI) purchase such property in joint name with his spouse (a resident Indian), then who is liable to deduct TDS u/s 194IA?

Plese guide.

Regards
Ashutosh