MY HUSBAND HAS PURCHASED A CAR IN HIS NAME AND NOW WANTS TO GIVE THIS CAR TO HIS DAD.WHICH IS A BETTER WAY TO SHOW SALE OF CAR OR GIFTING THE CAR TO HIS FATHER .CAR IS 10 YEAR OLD

Hi,
I and my wife are salaried individuals investing 1.5 L yearly in PPF and taking deduction under 80C. We have 2 year old daughter. I want to open a PPF account for daughter, considering that i know that the total contribution of me and my daughter is limited to 1.5 L total, how to invest in PPF of daughter (minor):
1. I contribute 1.5 L to my wife's PPF, my wife contributes 1.5 L to my PPF, and i also contribute 1.5 L to the minor's PPF, making a cumulative investment of 4.5 L, and thus not breaking the upper 1.5 L contribution limit.
2. I open a HUF account, and contribute 1.5 L to the minor's PPF account as she will be member of my HUF. Take 80C claim in HUF. (But, i have heard, by this method also the maximum limit of 1.5L is broken as the minor is under my guardian ship only, and also that 80C deduction is not available to HUF for member's PPF contribution).
3. Minor's grant-parents are willing to gift her money. The money attained as gift in minor's account can be used to her PPF contribution. 80C will not be available, but 1.5L limit of PPF will not be crossed.
Please guide.

Accounting entry while making Export -FOB
Accounting entry while Import -CIF
what is rule.

DEPRICIATION ON FIRE FIGHTING EQUIPMENTS AS PER COMPANY LAW AND INCOME TAX

As replied by the experts the Articles of association is required to be altered for deletion of common seal clause. But while filling the details online in MGT-14 and thereafter proceeding to E-AOA . Here the E-AOA is the standard one and the AOA which is existing in our records is as per the Companies Act, 2013 with certain additional clauses .

My query is do we have to included those clauses in the E-AOA , which are there in the existing AOA on record?
Do we have to amend the whole AOA as the E-AOA will be the final on record.?
Or else is there any other way for changing the specific clauses as per the existing AOA ?

Kindly reply urgently.

If The Person Who Opts for 44AD in AY 22-23 And In AY 23-24 wants to Discontinue 44AD. Person Total Income is Less Than Basic Exemption. As There is only Loss From Trading in Derivatives Whether he will be liable for Tax Audit? (Book of Accounts is Maintained)

Hello Sir/Mam,

I am a salaried employee. I have also traded in Delivery and Options. Below is my financial situation:

Taxable Salary: 6,00,00
STCG in Equity: 5,000
Turnover in derviatives: 2,70,000
P&L in derivative: -75,000

If i want to carry forward my losses, am i applicable for a tax audit by a CA?

An error pure agency service has been shown as exempt supply in GSTR1 and also reflected in GSTR 3B.
How it can be rectified
What is the implication of the error?

how to identify current assets and non current assets while making balance sheet under schedule III.

we have raise a invoice to the party of Rs.47223.6/- inclusive gst and now we are raising the credit note of Rs.9935.60/- inclusive gst .
payment is being received in advance ..

two questions -
1. how much will we pay to the client now ? because we have raise the credit note and advance payment received .

2. will we need the debit note as well from the client side ?