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chirag sangatani
28 April 2021 at 14:01

Meaning of PAAO status

we have submitted IEPF claim and it is showing status as PAAO. What does it mean?


SUDHEEP M
28 April 2021 at 13:13

Who can be a partner in a firm?

Whether a company or LLP can be a partner in a partnership firm.


SHIVAM JHUNJHUNWALA
28 April 2021 at 12:38

Inventory VALUATION ACCOUNTS

does the inventory valuation done goes to trading account credit side as closing stock


MAKARAND DAMLE
28 April 2021 at 12:22

Infratech

Party has deducted TDS u/s 194C on advance towards work in f y 20-21 for which final bill was not prepared in f y 20-21.

Final Bill will be prepared in f y 21-22 when the work will be completed

TDS u/s 194C for advances paid in f y 20-21 will be reflected in 26AS. Can this TDS be c/f and claimed in f y 21-22 ?


tusharthosar

Share lncome short term loss & Intraday loss , Which Itr File ? Audit Applicable ? Y/N ?

1.4.20 To 31.3.21
Share Income Only
Short Term
Purchse 521145
Sales 518569
STCL -2576

Long Term
Purchse 0
Sales 0
LTCP/L 0

Intraday Income / Loss

Purchse 9389207
Sales 9374146
Speculation Loss (-15061)

Total

Total Turnover 558558
Total Purchase 9910352
Total Sales 9892715
Gross Share Loss (-17637)
Total Expenses 7908
Net Share Loss (-25545)

Question :-
Who Itr File ?
Tax Audit Applicable ? Y/N
Intraday Gross Profit ? Calculation?
Add 44 AD Business + share income ? Y/N


Pratima
28 April 2021 at 11:14

Interest on housing loan claim

hi,
My flat possession in dec 21, i can claim interest on housing loan for TDS computation.

My home loan alrady starter last 2 year.

I can claim


K BHEEMA REDDY
28 April 2021 at 10:42

TCS exemption

Dear Experts,

according to sec 206C(1H) , Receipt of sale consideration of Rs.50 Lakhs exemption limit is applicable only for F.Y 2020-21 or it is applicable for every year.



Thanks in advance.
Regards,
Bheema Reddy.


Prajakta Potdar

Please let me know 3 well known CA firms who can do statutory audit of legal entity. Mumbai based CA firms preferred


NEERAJ JINDAL
27 April 2021 at 22:43

Private Limited Registration

Hello Everyone,

I will be registering a Private Limited Company in Month of May-2021. I have Few queries, Hope I will get my answers from the experts.

1) Husband & Wife can be Director & Shareholders?
2) Authorized Share Capital affects the Charges for registration?
3) After registration, do we get time of 15 months to commence Business? If yes, since when is GST applicable?
4) Address for registration is on a Property Owned by my Parents. I need to Obtain Rent Agreement & NOC?
5) We already own a Private Car in the name of my Wife. Do we get expenses of Diesel & Maintenance as Indirect Expenses in Books of Accounts? Also do we get Depreciation?

Hope you can answer to my above queries and clear my doubts.
Thanks in Advance


Gautam Jaiswal
27 April 2021 at 20:42

Claiming of tax

Sir
tds was deducted in fy 14-15 but return was no filed in fy 14-15
Return was filed in fy 19-20(1st time) and tds was claimed for FY 14-15, can we claim tds in fy 19-20 return ?
If not why ?