Dear sir/ma'm

We want to start a foundation in the field of education and research where we want to set up a research institute to provide a platform for technical students but we have some queries regarding it which are as follows:

1). What is better trust vs section 8 company for purpose shown above?
2). What is the funding source for section 8 company?
3). How can we draw salary for individual employees? is there sp. provision for it?
4). Is it possible to generate a profit to generate fund from manufacturing something for a purpose of charity?
5). If we already registered a section 8 company then is it required sp. license from govt body to raise a fund?

Please help us to solve a query shown above

What will be the effect of expenditure on liabilities side of a balance sheet in balance sheet of a professionals incurred on construction of a building which is not fully constructed & shown as capital work in progress ? What will be its effect on capital account of a professional or a sole proprietor? On assets side all such expenditure will be capitalised & be shown under the head Fixed Assets under sub head Capital work in progress but how it will be treated on liability side of a balance sheet? Pls help.
However for a NPO such expenditure is shown in the balance sheet sa capital work in progress on assets side as well as such expenditure is added back to capital fund but for a profit making business how such expenditure shall be treated on both side of balance sheet.

I received a TAN number recently and want to create account on Traces to file return but while registration it shows

"You can NOT register on TRACES at present due to one of the reasons
i. You have not filed any statement for the mentioned TAN OR
ii. All the statements filed for Financial Year 2009-10 and onwards are in cancelled state OR
iii. All the statements filed for Financial Year 2009-10 and onwards are NIL Statements (having ALL challans with amount=0)"

So should i need to file a return manually first for registration?
Or what is the procedure?

Can any one help me out................
A residential construction company which is a partnership firm (receives supervision charges)
1. Supply of labour
2. Supply of both material and labour

For these 2 categories does GST registration required and how can it be shown in returns and input tax claims can be claimed or not??, the tax rate under GST regime.

PLEASE CLARIFY MY DOUBTS AS SOON AS POSSIBLE .THESE ARE MAKING MY MIND CLUMSY.PLZ DO REPLY FAST SINCE EXAMS ARE NEAR.

1.Can CA with COP
a.start any business with ICAI permission?
b.Start a Trust?
c.become a member in Political party?
d. be an employee in any firm or company in capacity as ca or not.
e.be a partner of business firm
f.use prefix CA anywhere without restrictions
g.Display direction boards to ca firm
h.say the firm name he worked in the past in interview
I.put hoarding or big pic in newspaper by his friend congratulating for silver jubliee celebrations of ca firm or achieving rank in ca

2. All above questions incase of holding part-time COP
3.All above questions incase of just passed CA not holding any COP but in full time employment in a company

Loan availed from bank for purchase of asset is taken as a receipt / income in the previous year and such loan repaid during the current year can be consider as application of income

Loan availed from Bank for purchase of asset is taken as a receipt/income in the previous year and such loan repaid during the current year can be considered as application of income

i have incorporated pvt ltd co. in 2016 and show preliminary exp. 25000 less write off 2500 rs/- in that year remaining 22500 show in assets side now can i write off 7500/- in march 2018 bz write off should be in 5 year 1/5 of every year what i do?

Sir, Please tell me for export freight and insurance is taxable under gst in case of export.
if not please confirm which rules, notification or circular no. in details.

regards
Prahlad Jangir

Urgent Query -

Can a partner of firm, receiving remuneration and interest on capital opt for Section 44ADA (Presumptive Taxation). The total amount of remuneration and interest is less than 50lacs.