my private limited company have 9L paid up capital and 15L as authorized capital can i borrow loan from my father 50L after passing resolution because i read on company act it say only 60% of paid capital only can borrow as loan, is there any way to infuse 50L loan from my father to my company

I have purchased a Tool/Die for production of Customer parts. Normally Customer is paying the cost of Tool upfront and it is property of Customer.
Here Customer is paying Tool/Die cost via amortisation in part price ( i.e., Cost of Tool Rs 10 Lacs, Part price settled Rs 10/Pcs, Tool cost amortised on 10 Lacs parts as Rs 1 per part, Customer PO of parts sale now Rs 10 +1 = 11/- till 10 Lacs parts). Tool ownership will be Customer only as he is paying the cost.

Please suggest the accounting of the same.

If i am paying subscription charges for use of software to MIDJOURNEY INC CALIFORNIA USA.
Payment done through Credit Card
Then TDS will be applicable or not on foriegn remittnce of the same.
and 15 CA form applicable for the same or not??

For A.Y. 2024-25 they say no tax payable till 7 lakhs… if an individual has dividend income of 5 lakhs & other income 1 lakh , will it qualify for exemption

Thanks in advance

Dear Sir,

I recieved call from GST office regarding my 3B filing dates in FY18-19. It is said that they gonna issue notice and wanted to meet me in office before doing so. he said discrepancy is correct as we did not file 3b on time. Is there any chances I can plea for late fee waive off or to pay late fees in installments. What can i plea for? T

Dear sir
A trust which was registered for exemption of its income u/s 12A of income tax act, since September,1973. ITR7 for A.Y. 2023-24 was filed on the basis of registration dated September,1973. It received a notice u/s 143(1)(a) that no registration detail for exemption found in record for the A.Y. 2023-24, therefore, submit a reply. From A.Y. 2023-24 re-registration for exemption was supposed to be done by filing form 10A, but it did not apply inadvertently on time. Now it applied for A.Y. 2024-25 and it was approved. Now how to apply for exemption filing Form 10A for the A.Y. 2023-24. Or how to request A.O. for exemption for A.Y. 2023-24. Can we write in reply that the assessee could not file form 10A inadvertently for A.Y. 2023-24?

Hello Everyone,
A ltd is providing vehile hire service to B ltd . Diesel used for providing aforesaid service is recovered seperately at actuals ( without GST). Driver salary is paid by service recipient and recovered at actual from A ltd.
Invoice is raised as under
hire charges - 110000
Diesel - 100000
Driver salary - 10000 paid by B ltd

taxable value =100000 (110000-10000 driver salary)
sgst - 9000
cgst - 9000
total - 218000

Is the invoice correct ? if wrong is there any risk to service receiver ?
can department ask service receiver to pay gst if service provider is supposed to pay gst on higher amount ??

Can we claim Unclaimed TDS of FY 2022-23... Income was consider while filing return but forgot to claim TDS
Pls guide...

Whether Foreign Exchange Translation Loss Allowed in Indonesia Income Tax? Please share the relevant act transcript.

IF MR.X IS IN THE BUSINESS OF ITEMS COVERED UNDER CESS HOWEVER IN THE ANNUAL RETURN AS WELL AS GSTR 1 AND 3B MR.X HAS NOT TAKEN CESS IN HIS RETURN
NOW DEPARTMENT HAS ISSUED NOTICE FOR PAYING OUTWARD LIABILITY OF CESS BUT DEPARTMENT HAS NOT CONSIDERED INPUT CREDIT OF CESS ALSO
NOW HOW TO RESPONSE IF WHOLE OUTWARD LIABILITY IS TO PAID OR INPUT CAN BE DEDUCTED FROM SUCH LIABILITY?