Dear Experts, kindly give clarifications for below..

we have purchased one Dyeing Unit Plant with Buildings. old owner not cleaned ETP wastages from Tanks. we have doing some of small constructions works for our convenient for productions immediately . now almost 6 months are completed. since we are going to clear exist ETP wastages & demolish of ETP tanks as per Govt Instructions and spend around 20 Lacs for this Process.

pl advise, whether this expenses 20 Lacs are should be treated as Capex or Opex to plant accounting entries ?

pl confirm...

How does one calculate the effective date of becoming NRI? Would appreciate if could be elucidated with an example of 365 days in four years!

Kindly advise!

Sir, one of my client has received a GST demand notice U/S.74(5) against FY 2017-18 of Rs. 1,15,976/-, out of which Tax demanded is 58,722/- and Interest is 57,254/-. The Tax demand is OK due to difference in ITC claimed in GSTR 3B and ITC received vide GSTR 2A . May anything can be done so that the interest may be waived, as the demand has been served after a long 5 years .

I HAVE PURCHASED A PPRODUCT FROM CROMA IN FEB 2022. AND I HAVE CHECKED THE GST SUMMARY AND FOUND THAT CROMA HAS NOT FILLED MY GST TILL AUGUST 2023. SO, SHOULD I HAVE ASK CROMA TO FILE GSTR1 IF THEY CAN IN CURRENT FINANCIAL YEAR. OR IS THERE ANY WAY I CAN CLAIM MY ITC FROM THE INVOICE ?

where a appeal is filed before cit & return was not filed then appellant is liable to pay tax determined by AO or can make application u/s 249(4)(b) not to exercise the provision of paying tax as determined us 249(4)(b). i have a query whether appellant is required to make application us 249(4)(b) in case of filing of appeal against penalty orders???

I have purchased external hard drive by gst bill in my gst registered proprietorship firm.can I claim ITC PAID FOR PURCHASE OF EXTERNAL HARD DRIVE? PLEASE ADVISE. ITC IS OF TOTAL AMOUNT RS 1000/

A private limited company to whome cash Flow was applicable but no cash flow statement was prepared at the time of audit report for the year ending on 31.3.2022, Now at the time of finalizing account's for the year ending on 31.3. 2023, cash Flow statement for the year 2022 need to be prepared? Or we can leave to blank

Hello

As we all know as in ITR 6 we have to file Company's Return hence company needs to get audited in companies act.
My Query is while filing point no. e of audit information in ITR 6 which states as below:
"If liable to furnish audit report under any act other than the Income-tax Act, mention act under which you are liable for audit and whether have you furnishing such report."
So whether in the above we have to mention Date of Audit report of a Company?? is yes then what section code needs to be selected while filing the information as it require information as below:
- Act:
- Section Code:
- Have you got audited under the selected Act other than the Income-tax Act? Yes or no
- Date of furnishing the audit report:

Kindly help me in this.
Thanks in advance

RAJAT PANDYA

I want to take Payables and Receivables as opening in my new company of another company of without difference in Balance Sheet how can I take

There is some oil business in petrol business which is GST taxable.
So will e-invoice for oil be generated or not ?