Whether a pathological lab run by a partnership firm (5partners, all are doctor, but not a pathologist 2 dr are Anesthesiologist and one are surgeon and 2 are MD medicine in that case this partnership is Business or Profession for the purpose of declaring presumptive income under the Income Tax Act.

In case of Rule 11UA(1)(c)(b), is valuation of shares by merchant banker mandatory? Or, can a CA do the valuation on the basis of NAV method, because Rule 11UA(2) as per my understanding is applicable only in case of issue of shares, and not in case of transfer.
Please let me know- in case of transfer, who is eligible to do valuation. Also, let me know the provision to be referred.

I've done CMA and doing my practical training from a leading company, but along with I also want to do one more professional qualification so I'm planning to do CS because of training and various particular subject exemption. So my query is that, will CS good or go for CA.

Sir what is the process of AOP registration ?

Sir,
I have faced one issue, we valued Cost at Lower Price including GST and reported the same in BS for AY19-20
But it was informed that the Valuation reported should be excluding GST.

Please inform what is correct? whether to include GST with COST or not?

Awaiting reply,
Thanks in Advance

Tribhuvan

Hi,

What is Accumulated Depreciation ? When to calculate.

We should require your opinion on one issue that we have provided Cleaning Exempt services to Municipal corporation and they have deducted TDS on GST @ 2 % same will be not applicable on Exempt services . Is it possible to take this TDS on GST as we do do not have any output and is it possible that if we take it than we will liable to pay tax on all exempt sale please guide

Hello my name is M.Ratan kumar singha can i surrender the only pan card i have and then apply for new pan card .Is it possible ?

Mr. A has sold a residential plot for RS. 75.00 lakhs on 10/4/2016.
He don't have any residential house as on that date.
He wants to claim exemption u/s. 54F and so purchased another residential Site for RS. 80.00 lakhs on 15th May,2016 itself. He has constructed house on the above site before March,2019 with his own funds.
He has not deposited any amount in Capital gains accounts scheme.
Is the claim of 54F is correct?
Is there any case law?

Please guide me1. whether the TDS applicable Software upgradation (basic to standard).?2. Software provider is in outside India hence the payment is going to outside India. Is this TDS deductible or not?We going to file 14CA CB.Thanks 🙏