A private limited company is engaged in finance activities. It provides loans to other companies. Out of this a loan is irrecoverable and the company wishes to write off that loan thru Profit & Loss Account. Is the loan as such written off an allowable expenditure?

Dear Sir/Madam,
I want to ask a question that is
a company name is "A" provide service to company "B" in the month of July taxable value Rs. 1,14,00,000 and IGST tax Rs. 20,52,000,Company "A" held office in Hyderabad and company "B" held office in delhi, In the month of August company "B" not paid to company "A" due to this company shown credit note in their GSTR-1, but company "B" not taken their books of accounts and also not reverse it in their GSTR-3B because company "A" did not send any hard copy or softcopy of credit note to company "B", in this case what to do by company "B" , suppose if company "B" reverse input credit after Dec 2019 then the company "B" has to bear any type of penalty or interest.

Sir A private limited company has made a profit of Rs. 150,000 on sale of vehicle. ( Block of assets still has balance since another vehicle was purchased . The WDV at the end of previous year exceeds the sale proceeds.) The Company accounts shows profit on sale of asset -- Rs. 150,000/-. But, for calculation of total income as per Income tax this has to be deducted since there is no short term capital gain as the WDV exceeds the sale consideration . My query is where to show this amount in the computation sheet of Income tax ? ( Whether to show this in " deductible expenditure & Income to be excluded " or in some other head ) Please clarify

HOW TO REDUCE CAPITAL OF PROPERITOR
IF I SHOW DRAWING AS 1500000 UNDER CAPITAL ACCOUNT. IS IT OK
KINDLY REPLY AS SOON AS POSSIBLE

A Govt Dept has entered a contract with a Film production agency to make a social awareness short film. The producer has charged 18% GST on the production cost. While settling the Invoice the Accounts Dept has deducted 2% TDS on the production cost. My query is whether GST TDS is also to be deducted from the Invoice? If so at what percent? In case, if it is omitted to be deducted, whether it can be deducted in the subsequent invoices to be settled. kindly clarify

I would like to know that if the employees salary doesn't cross the tax slab then it's mandatory to show his/her salary details in 24q return and issue form 16 part a and b or it's optional.

Should we create TDS Provision at the time of half-yearly closing?

Is there any provision regarding gap between signing of audit report and calling of AGM of pvt ltd in company law ?

Is TDS need to be deducted on travelling expenses of team included in repairs and maintenance bill. The team travels for repairing machinery

Sir
Can we take Gst Input on marine insurance, if we have exported goods by Air?

if yes, then how will we do entry in tally ?