is materials purchased in cash 50,00,000/- acceptable or not incurred, in one case consumable purchases are more than 50 lakhs towards consumable purchased shown in profit and loss account

Our company has accepted debenture from existing shareholders with the condition of convert the debenture into share in future now some of them are requested for resumption is it possible to redeem the debenture on request of debenture holders

in my case DRC 07 issued, no appeal filed.
1. ITC AVAILED disallowed and now eligible.
2.Late filing of GSTR3B.
officer asking to pay full amount of eligible itc
interest and penalties on late filing of GSTR3B asking too file rectification.

guide me officer is right in asking to pay eligible itc

Just a general query,
Suppose X purchases a fixed asset of Rs 1 Lakh in cash on 01/04/2024 , If he makes payment of whole 1 Lakh on 01/04/2024 Section 43(1) will attract & Cost of acquisition will be treated as NIL but what if he pays Rs 10000 each day from 02/04/2024 to 11/04/2024 will Rs. 100000 be treated as cost of acquisition then?

Someone is Resident but not ordinary Resident and he is not having any income from india and currently residing in US. he has a property in India. My query is whether he is required to file any return in india to show the property and if yes then which ITR should he file ?

I was earlier filing share trading activities as STCG or LTCG earlier as applicable. But since last two years I am doing share trading as full time activity and have frequent transactions (Intraday/FnO/cash positional/long term). As per my knowledge. I have to show FnO trading as Business income. But Can I show my cash trading activities as Business income and not as STCG/LTCG. ( since I can claim expenses if I show as Business income and as individual tax payer, I have to pay tax as per individual tax slab) I have read somewhere that if I shown cash segment trading as STCG/LTCG earlier, I cannot change it to Business income. Please guide

How to calculate Capital Gain on sale of unlisted share
long term capital Gain
short Term Capital Gain

what is difference between current Liabilities and sundry creditors.

We will be providing Manpower Services i.e. 3rd Party staff and billing will be monthly for processing the staff salaries for company which deal in delivery of Fruits and vegetables

My question is whether our services will fall under exempt or nil rated under GST and gst should not be charged on bills raised by us ?

Dear Expert,

Our client Purchase Land(NA) for Rs. 5cr from a seller Mr A and Mrs. B (50%share Each). and Requested to credit amount in Mr. A Bank A/c.

I have a Querry
Should i deduct TDS @1% on 5cr on Mr. A PAN
or
Deduct 1% TDS on 2.5cr each for Mr A & Mrs. B PAN
Kindly Help