There is provision existing for bad debt in previous year and this year actual bad debt happens and adjusted it with provision for bad debt of previous year. My question is whether I can deduct the actual bad debt amount in the current year for CSR PROFIT calculation?

For entering the capital gain/loss on redemption of Debt Mutual Funds there is no separate line item. We have to enter it under 'Sale of assets other than listed above'. Under Consideration we will put the redemption value. For the cost of purchase we have to put under Deductions under sec 48.
Section 48 is only for NRIs. What should Residents do?

Hi,
My client is LLP partner.
I was trying to filing form 8 and 11 for him.
While prescrutiny the forms, it is showing that DSC is not registered on portal.
However, MCA is showing DSC is already registered.
How to resolve the error?
Thanks in advance.

Dear sir,
I need advise on following transaction under income tax act.
We are asking our employee to buy computer or laptop at their own cost. it is not fixed assets of the company.
company is paying around 2000 pm as reimbursement of expenses towards maintenance of the same for 4 year.
whether it is allowable deduction for company or it should be added to employee salary.

One of my client is Government contractor, he makes sports field and other sports & fitness related jobs

He got a contract of Open Gym Equipment’s with rubber tiles flooring and installation From Different Government The input required for completing this contract are following items with their GST rate mentioned: -

S. No. Items Name GST Rate
1 Square Rubber Tiles – Flat @ 18%
2 Rodi (Grit) @ 5%
3 Stone Dust @ 5%
4 Cement @ 28%
5 Steel @ 18%
6 Open Gym Equipment’s @ 18%

What is the GST rate, my client should charge the department for the bill after finishing contract?

Dear Professional,

Required your professional advice and guidance/opinion on the below query. Please suggest.

A Private Limited Company incorporated in February 2014 and since there was no business operations hence filed for dormant status and Filed Form MSC 1 and received a certificate of Dormant (Form MSC 2) on 3rd July 2018. As per section 455 of CA 2013 and its requirements, Company filed Form MSC 3 for 31st March 2018,31st March 2019 and 31st March 2020. In August 2021, The Company filed Form MSC 4 for active status and the forms got approved by the ROC . Meanwhile all this time from 2014 till date the Company status was Active and it never got changed to Dormant status.

Now if the company goes for Filing Form INC 22A Active , it shows the below error

"In case AR is not filed for financial year 17-18 filling shall not be allowed for the companies which are not marked for management dispute?"

The Company had filed Form MSC 3 for three years for 2018,2019 and 2020 but still it showing the above error.

The Company want to appoint the Auditor and do the Annual Filings for FY 2020-21 Hence will it create any problem for the same ?

Request you to please provide your inputs and professional advice on this.


Thanks and Regards
EAZ Compliances

I have redeemed by Credit card rewards points in FY 20-21 and the same has been adjusted against my credit card outstanding. I want to know whether amount redeemed will be considered income under Income from Other Sources and will be taxed accordingly?

What if instead of encashing I redeemed the reward point for some product (like phone, and other items as per their product catalogue).

Every thing will be used for personal use only.

Please advice

I received an arrears in FY 2020-21...My question is where to consider the amount of arrears received for FY 2020-21 for calculation of relief u/s 89 of Income Tax in FORM-10E...Means in FY 2020-21 or in previous financial year...because there is not any option to give details of arrears received for current financial year in FORM-10E...Please guide...

I am filing ITR 2 for FY 21-22. While computing Tax Liability it is calculating Interest U/s 234A, but the section says as "Under section 234A, interest is levied for delay in filing the return of income" other sections 234B & 234C is not applicable to me. As now the due dates are extended how come it calculates the interest.
Can any one explain how the interest is calculated. The calculation shows as interest for two months i.e. August and September 21. I will be filing my return before 30th September.

Can any one assist me in above.
Thanks a lot.

Dear Sir,

I am filing ITR-3 of a person who is a Director in a Pvt. Ltd. company which is unlisted and earns more than Rs. 50 lacs as Salary income from the company.

My query is that apart from Director details which is to be filled in ITR is it mandatory to fill the shareholder details also like number of shares held in that company, amount of shares, etc.

Please help resolve my query.

Regards,
Divyesh Jain