ABD (Proprietorship Firm) received Land as a gift Value Rs. 50 lakh &Reg Fess Rs. 60,000/- from mother .

Please suggest : Following Journal Entries is Correct or Not. If No, Please Reply with Correct entry

1. Land (Fixed Assets) -- A/C Dr. 50lakh
to Capital A/C Cr. 50lakh.

IN BALANCE SHEET:
ADD 50LAKH TO CAPITAL A/C IN LIABILITY SIDE AND ASSETS SIDE : 50LAKH SHOW SEPARATELY.

2. Registration fees will be added to Value Of Land or Not ?
plz reply as early as possible

THanking You
Bikash Rai

Please make me understand the below query;

As mentioned in my previous query, we are providing payroll services to our client who is Distributor of Electrical goods.

Since from the commencement of this payroll services employees are not registered under ESI & PF act (for the employees to whom we are processing payroll)

My question is who will be held responsible for this compliance issue, principal employer or Vendor?

A firm taken land on lease for 30 years, and constructed industrial shed on such land, Am paying lease charges to land owner every month. Industrial shed is let out for business purpose , Whether Rent received from tenant to be declared as Income from House Property or Income from Business? . please note that The firm will be the owner for Built up area of sheds for 30 years only.

Please advise

earlier other CA used to file all my IT RELATED transactions... but now after long gap i want to login my self... my previous CA is not informing about my passwords.. to login... how to get new login user id and password?
Error : Something seems to have gone wrong while processing your request. Please try again. If error persists quote error number ITD-EXEC2002 when you contact customer care for quick resolution.
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Dear Expert Please Solve the Following Scenario

Particular IGST CGST SGST Remark
2A (20-21) 34,826.64 22,355.40 22,355.40 Party Uploded in GSTR1
3B (20-21) 76,052.43 41,587.90 41,587.90 **(19-20 ITC Included)
Books 20-21 (Audited Balance Sheet 40,262.53 20,781.24 20,781.24 20-21 ITC
**19-20 ITC Claim in 20-21 21,458.00 22,458.00 22,458.00 19-20 ITC
Remarks:
(20-21 ITC)-(19-20 ITC)= Actual ITC 20-21 54,594.43 19,129.90 19,129.90
Books of Accounts 20-21 40,262.53 20,781.24 20,781.24
Difference From Books of Account and 3B (14,331.90) 1,651.34 1,651.34

How to File GSTR9 Table Wise

How to know about UCN generated on MEF by ICAI.

Can anybody provide me the entries in tally of of future & option .

only contract with me . how to know expiry or settlement date .

& how to maintain shares in closing stock as on 31/03/2021.

Bonds on which STT is not paid held for long term period are taxable @ 20% with indexation benefit

However in ITR 2 under capital gains "Bonds or debenture (other than capital indexed bonds issued by Government" cost of acquisition without indexation is specified.

My question is how to show Cost of Acquisition with indexation ?

Assessee has paid token money for some property, but deal did not materialize from seller side, so seller returned back the token money plus some extra to forfeit the right in deal of property.

1. What will be the taxability of extra amount received in hands of assessee ( who is no longer purchaser now) ? Whether it will be treated as Capital Gain or something else?

2. Will GST applicable on Extra amount?

sir,
one of client having 3 heavy carriage vehicle gross weight 25 tons each. Last year opted 44AE for said vehicle. But now he do not wish to go with 44AE due to heavy tax liability.
can we file ITR 3 without audit of account (no documents of expenses) ?
please help to resolve the issue IT BECOMES THE PROBLEM OF ALL CARRIAGE VECHICLE OWNER
regards
vikas