Mr. A partner of a partnership firm and he withdraw monthly remuneration Rs. 3,00,000/- per month. The Question is Mr. A pays as salary or consultancy fees to his wife and son, whether this is allowed under Income Tax Act on not.

Thanks in Advance

sir,
Proprietor has one bank account in the name of his business. He take 2 loans- one for purchasing Car and another for Business purpose. But repayment of both loans is done through his "personal bank account".Proprietor likes to include both loans and relative assets in books of account. My doubt is about the accounting of Personal bank account. It includes deposits from relatives,household expenses etc which are personal only. But repayment of loan and respective interest should be included in Financial Statement of Business. How I will properly account this by eliminating all Personal transactions from Personal Bank account....? Kindly help me

Dear Sir,
I am manufacturer of Ready mix concrete. I have 15 nos of RMC truck for carrying RMC at Customer site. Due to daily uses of Trucks, There are large expenses of Repaire & Maintainence on maintainance of Trucks. So please advise me, whether company can take credit on purchase of spares parts of Trucks (e.g. Tyres & other spares) or it is disallowed due to consumption of tyres by end users. Company planning to take agency of Tyres due to less cost as compare to purchase from dealers. So please give me advise whether company eligible to take GST credit or not.

Thanks & Regards
Vicky Narad
9271388736

A PVT LTD Co. has been incorporated in Aug 17 with a paid up share capital of 100000 but wrongly it was mention in RoC form as 1000000. How can it be corrected. If not how to resolve the situation. Sahreholder was not in position to introduce 10 lakhs. pls help

We are incorporating the new private limited company with 2 Directors (one director has already DIN and other director DIN is to applied in spice form)

One Director is associated with company which struck off by ROC in July 2018 but the status of DIN of Director is showing as approved despite it is disqualified.

Please tell the consequences for practising professional certifying spice form...?

Professional should certify form or not...?

INPUT GST is Applicable for the followings (Hotel Industry)
Insurance Premium
On Fire and General Insurance
On Public and Commercial Liabilities
On Glass Insurance
On Public liability-Hotel
On Star Health Insurance

Annual Maintenance Charges (AMC)
On Lift
On Genarator
on A/C (Rooms)
On chiller Machine
On Vehicles
On Tally software
On web services
On DTH and Internet Charges

Dear Experts,
Earlier in service tax there was exemption of freight up to 750 & 1500.
Pls clarify:- whether this criteria is also applicable in GST or not,

Thanks
Rohit Kushwah

Hi
We incorporated a company in 2017 with an authorised capital of INR 5 Crores divided into a total of 50,000 shares of Rs 1000 each among 5 subscribers to the memorandum. Without good advice we proceeded by paying a huge fee as stamp duty. The subscribers have fully taken the shares ie 10,000 share per subscriber. We are not planning to bring in 5 crores as it is a new company. So far we have raised 1.75 crores as capital.
My question is, is it okay to treat the 1.75 crores as paid up and the rest as simply subscribed and not called. Will this scenario act against our favour when it comes to ROC filing.

Thanks

Hello all,
Please guide.
A Brick Kiln (manufacturer of bricks) owner uses bricks for his own Brick Kiln reformation.
now the question is whether he is liable to pay GST on such amount of bricks.
OR
What other transactions may applicable from GST point of view

i wanted to know regarding ITC... last financial year some B2b bills are not apearing on the portal, when i contacted my supplier they are saying they cannot ammend the data? i gave my GST no to the suppliers but some have uploaded and some have uploaded only few.. what is the best solution to deal with this???