there are 5 partners if 4 of them decide to discontinue with the firm then will the partnership firm will be dissolved. and what is the procedure to dissolve?

Respected Sir,

Bank has filed SFT on our name wherein type of transaction has been shown as SFT-011. The whole amount is 100% foreign remittance which has been treated as purchase of foreign currency as per the income tax scrutiny.

Please guide me and oblge.

We have manufactured ready remix in this process some items purchase and consumed in repairs and maintenance of machinery those involved in production unit as well as transportation of raw material, the officer disallowed under rule of 53(6) of MVAT Rule 2005 wording "Dealer has claim set-off on the material used in services which are not allowable to the dealer under rule 53(6) of MVAT Rule 2005. Reduction in set-off u/s 53(6) of MVAT Rule 2005 is made at Rs___"

Please provide us notification of this rule 53(6) of MVAT Rule 2005 as well as clarification and a case low against it for the correctness of this officer disallowed.

Thanks & Regards
Ramesh R.B.

Dear Sir
Please solve the Problem:

We claim Total Rs 15,73,000/- as ITC {Rs 15,00,000/- as ITC and Rs 73,000/- as ITC (Inward Supply)}

In GSTR 9 The View of Table No 6A Is Rs 15,73,000/-( This figure came from GSTR3B)

We Put Rs 15,00,000/- in column no 6B & Rs 73,000/- in column no 6D

In Table No 8 ( Autopulated in 2A of GSTR3B) we Show Rs 15,00,000/-
In Table No 8B ( Autopulated from Table no 6 in GSTR9) we Show Rs 15,73,000/-

Now Rs 73,000/- is come to difference ( Minus Figure)

Now Question what to do?

Dear Sir,

We are a Pvt Company and our loan facility from HDFC bank of RS 20 cr appx in form of Cash credit limits.
and at present, the mansion in our sanction letter foreclosure charges 2% from takeover or repay by own resources.
our company under MSME act in Medium category.


so kindly clarify for Foreclosure charges do not recover by the bank to MSME company this type any notification by RBI

if any notification or information is available kindly share.

Thanking you

Iam a salaried person and holding shares of my Father's Pvt Ltd company as a director with 40 percent shares constituited in Jan 2020. I had filed ITR 4 in AY 2020- 2021 but this year I will be filling ITR 3 disclosing my unlisted shares. Now till date there is NIL sales in the Pvt Ltd company and I have only one income that is my salary income. Now as there is no transaction except the bank because of maintenance of minimum balance, should I have to complete the BS & PL columns or I can just ignore it. Please guide

Can I take deduction of Mediclaim paid of My in-laws

Which SAC code would be applicable for content creation & designing it.

One of my clients is employed at MNC shipping Company. Sometimes clients of his employer takes his personal advise on shipping matters and ready to pay him consultation fees. However as per terms of his employment he can not do private consultation. So he intends to take such commission/consultation fees in partnership firm of his family members, where in he will not be a partner. yearly such income will be to the tune of Rs 20 L (appro) and firm will disclose this as its income. However the firm will not have any partner having shipping line Business knowledge.
Advise is sought for any drawbacks of such planning. Any provisions violated of i) Income tax Act ii) Benamy properties Act? iii) Money laundering ?

Hi, I want to know why DP client transaction statement doesn't match with Capital gain tax report of DP?
What information is given in DP client transaction report ?
does it show total Quantity of shares purchased and sold?