A private trust with two minor beneficiaries with equal share in benefits was created by great-grandmother and made parents of minors as trustees and gave a corpus of Rs.51,000 on 15.04.2020 and later on 21.04.2020 she made a gift of Rs.50 lacs to the trust. The trust invested funds in bank deposits and also loans to parties and interest income was Rs.3,25,000. Please advise on taxation of the trust, filing of return of income etc.

i m doing online pan correction at traces for around 700 line items. It is not accepting it. If i do 100 transactions in one correction then it is accepting. Is there any cap/lock on maximum correction at a time?

every year i paid 2500 for company pt and directors pt .
i wants to check director pt ledger , so is there any facility to check pt ledger (PTEC NOT PTRC)

dear sir
we start a partnership firm in april 2020 for starting a menufacturing unit, we purchase land and start bulding cunstruction start in 2020-21 but no singal machinery installed and business not started up to 31-03-2021, some expences was incured like building, bank loan processing fee, and small amount of interest charged by bank on loan disbursed for building making.
please guid on following issue-
1. filing of itr
2. charging of deprication
3. treatment of expenditure in income tax
thanks

Dear Respected Members,

Can we consider the purchase of Mobile and power bank as a fixed asset? if not under which head in tally? especially power bank?

Hello Sir/Madam,
Query: If one of the directors is appointed as Director under section 8 company, but the company has not filed INC20A (Commence of business not filed) please advise how the director can take resignation-way out to exit from section 8 company.

if a company gives gift sets and wrist watches as gift to its customer, for this it purchased gift sets and watches from vendor and the bill amount is more than 30000. Shall the company deduct TDS on it or not?

Sir If The Invoice Was Rs. 110 and the party given discount of Rs. 10. But in BOE item value shown as on Rs. 110

1.Then Whether I should record as 110* Conversion rate
2. Or Should record 100* conversion rate and Rs. 10 as discount recived

I have 100 shares of " Tata Motors Limited EQ New NPP FV Rs . 2/ - Class A." . I am unable to sell these shares even through my broker. he says they are not responding. Please let me what the problem is ?.

Query :

Location of supplier : Hyderabad (Telangana state)
Location of recipient : Hyderabad (Telangana state)
Service : Renting of immovable property(997212)
immovable property location: Bangalore (karnataka)
place of supply as per rules : Bangalore
Here location of supplier and place of supply is in a different state, hence it is inter state supply

Finally i have to charge IGST to my customer who is in Hyderabad.


is my assumption based on above facts are correct?


If NO, plz clarify with proper explanation.


Thanks in advance