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Quaid Johar

TDS and TCS will be applicable for a newly partnership firm going to open from 1st april 2024?


suresh s. tejwani

Whether the case of nine bench judges of Apex Court with regards to royalty is in the nature of tax or not can referred in grounds of appeal for the GST appeal in case of gst not paid on royalty ?


Jayalakshmi Ramasamy
05 January 2024 at 14:47

STAMP DUTY ON GIFT DEED

Dear Sir,

1. Please can any one let me know the stamp duty in Mumbai for a residential property from Mother to son and from brother to sister.

2. I had gone through the rates on some sites where it says it is Rs. 200/- only for gift deed between family members.

3. If it is from brother to sister it is 2 percent
4. Other than family members 3 percent.

Kindly clarify urgently if the above is correct.


SUNNY
05 January 2024 at 14:20

Hss document

sir i have made a hss on one of the cabinet. i asked the shipper to issue in invoice in the name of new hss buyer but the problem is bill of lading has been issued in the name of old consignee and not in the name of new Hss buyer. now the bank is saying we can't make remittance since the bill of lading has not been issued in the name of new hss buyer. please help


CA Parul Saxena online
05 January 2024 at 13:15

Work from home of Accounting

Hello...can i get work from home for US UAE accounting, book keeping...I want to work from home now...then from where to get the access?


Murali krishnan
05 January 2024 at 12:52

Director expense in the name of company

i am director of a private limited company if i pay internet charge, rent, utility charges from my own account can i claim this expense from company itr, if i pay from my own bank account


Kinjal Thakkar
05 January 2024 at 12:46

Dormant status of ESIC

We have a new company formed in October 2023. The operations of the company has not started and the company is dormant as of now. We have not created any registration on ESIC portal as there are no employees recruited. Do we have to update the dormant status as there is penalty for not doing the same? How do we do that?


CA Abhishek Singh

B ltd (aluminium manufacturer) is going to erect a plant. It is planning to outsource entire erection and commissioning work to ABC pvt ltd with following terms & conditions

1. entire expenses of erection and commissioning to be borne by ABC pvt ltd
2. B ltd will not pay any amount untill plant is ready for operation
3. After plant is ready for operation B ltd will pay ABC Pvt ltd 20 lacs every month for 12 month
4. After 12 months entire rights pertaining to assets to be transferred to B Ltd

My Query ?
1. what will be the accounting treatment of erection and commissioning expenses in the books of ABC pvt ltd - i.e Fixed assets or stock ?
2. How revenue 20 lacs every month will be booked after plant is ready for operation ?
3. when and how assets should be transferred by ABC pvt ltd to B ltd.
4. At what price asset will be recorded in the books and From which date B ltd will be able to claim depreciation ?


Dibyendu Majumder

One developer company pays staff salaries without deducting the EPF contribution from employees. The company pays both employer & employee contributions from their bank account & shows employees' contributions which are actually paid by the employer as staff welfare in books of accounts. If this method is correct? please clarify urgently.


kollipara sundaraiah

Sir,
It person Gift From mother Gold jewellery value rs:5 lacs dt:01-05-21 after
dt:20-07-22 Gift Gold jewellery value Addtional Gold Jewellery purchases rs:90000/- Total value rs:5,90,000/- after
dt:15-05-23 Gift gold jewellery value Reparies rs:8000/- after value rs:5,98,000/-
dt:20-12-23 Gift gold jewellery Sale amount received rs:7 lacs.
Query:
Asssessee capital gains tax applicable on Additional purcahses and reparies value.







Answer Query