Understanding of goodwill, I want to ask if partnership firm readjust share ratio.
Suppose firm average Net profit 12 lakh after partner's interest on capital ( 10 lakh).
So, question is that in goodwill calculation
Average Profit X year purchase ( 3 years)
ie 12 lakh x 3 year = 36 Lakh
Or
(Average profit + partners interest on capital) X year purchase
ie ( 12 lakh + 10 lakh) X 3 year = 66 lakh
Which method is correct.
Please solve the query.

In January 2025 one of my dealer upload 8100 itc to my GST, that invoice was not belongs to me so I was rejected that itc, but in March 2025 he uploaded debit note to same invoice worth of rs 8100 itc, that time by mistake I was accepted that debit note. Here extra 8100 my itc was loss, so kindly suggest me any adjustment or any way to retain my loss itc.....

Respected Sir/ Madam.
We are facing issue whilee fillig form 35 ( CIT Appeal ) . In the Basic information profile a continuous errror is being displayed i.e "Please click on My Profile in the note given below to update your contact details with all mandatory fields." however the same is already updated.
Due to which we are unable to file form 35.

Sir, Any tribunal order, be it Service tax, exicse or customes, /where and how do know as to whether till today that order holds good, I mean, not overuled by higher courts/Higher Courts decisions

Sir,

whether valuation of shares mandatory for private placement?if yes who need to be done the valuation?Also provide the format of valuation certificate

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Sir/Madam

One of my friend have made FNO during the fy 2024-25 and he want to prepared tax computation. How he is to know Categories of FNO scripts??

FNO transactions are made through Grow platform.

Thanks in advance

Hi,
I would like to know how first auditor can be appointed by a Section 8 Company after the prescribed time limit under the Companies Act, 2013.
The Company was incorporated in Dec 2022. The directors failed to appoint first auditor within 30 days. Can the members now appoint first auditors even after the prescribed time limit of 90 days by calling EGM? What will be the consequences?

I bought 1000 shares of ABC Ltd in 2021 on 2 occasions and weighted avg buy rate of the share is Rs 144. In Dec 22 there was a de-merger of ABC Ltd to form a new entity called XYZ Ltd. Shares of the XYZ Ltd was allotted in the ratio of 1:1 – 1000 shares allotted for XYZ Ltd in Dec22. In Feb23 listing of the XYZ happened and market rate of the XYZ Ltd on listing day was Rs 31/ shr and ABC Ltd was Rs 118/ share. What is the calculation now for the adjusted cost price/ buy rate of shares of ABC Ltd and XYZ Ltd for LTCG calculation purpose in case the shares are sold today?

HELLO, Sale through Flipkart in month of March 2025 but inadvertenly, it was not recorded in R1 of March 2025 and nor TDS/TCS return filed. Can we Add this sale in R 1 of May 2025. What will be consequences for not filing TDS/TCS return. Financial year changed, how to reconcile in Annual Return. Learned experts valuable opinions are sought in this query. Thanks an early response is highly appreciated.