Due to dispute between partner's, Partner's have decided to take stock of the partnership firm in order to settle their loan amount and a part of their capital account.

In this situation whether we need to reverse the ITC related to that stock which has been transferred to partner's?


Partnership firm not dissolved.

Sir,

Our company is a company dealing with financial and management consultant ,we have another companywith same board of directors which is a NIDHI Company.As Nidhi company cant acceptfund from NRE ,can we accept the fund in our company and charge a small amount as charges for deposit as canvassing income and transfer the amount to NIDHI Company? THE fund recieved will be transferred to NIDHI COmpany by charging a small amount as commission
Pls help

Dear Sir,
We are in receipt of SCN from GST department that why we have not paid Service tax for the year 2016-17 and 2017 Till June 2017. We are into transport buisness , providing truck for lifting containers from the yard of the customers , whose goods were being imported from overseas.
Our C.A has filed Nil returns for these period, under the coloumn Service provider under section 68(1).
Also we are showing our invoices which is mentioned Service tax payable by the consignee.
Please let me know whether this is correct method, and please advice whether we have any liability of paying Service tax from our end.
Please reply back at the earleist.
Thanks
Prakash Menon

Dear Sir,

If any fixed assets (movables or immovable) purchased for company use and their purchase value (excl. GST) exceed Rs. 50 Lakh, then whether TDS U/s 194Q is applicable on purchase value above Rs. 50 Lakh.

Thanks & Regards,

Dilip Baranwal

While registering to reporting portal for filing form 61 A, there was a window for update/furnish nodal officer details. What details need to provide in that window?

I am trying to run the XBRL Validation tool of MCA but it states that "no JAVA found on your PC". Although I have already installed java, it is still showing this issue. Can you please help me with a solution to this.

I need to provide draft format to my Seller for NOC from seller towards correction in 26QB.

Cost of the house including registration in 2001-02 Rs 2,18,000
Expansion and additions to the house in 2003-04 Rs 5,00,000
now to be sold at 62,00,000 December 2022
what will be capital gain tax exemption after indexation ?
what document will be required for tax exemption ?
Thanks

I and my brother have sold land the sale deed of which is executed in our names, the land has been given to my in the family settlement earlier, the buyers in paying us both in equal share, how can I take the money from my brother and what are the tax implications for both of us. Please advise

ONE OF MY CLIENT HAS CLAIMED EXCESS ITC IN COMPARISION TO 2B DURING FY 2020-2021 I WANT TO KNOW FROM WHICH MONTH INTEREST ON SUCH EXCESS CLAIM MAY BE CALCULATED