I have two companies, Company-A & Company-B. In this B company to merge in company A. than after I surrender GSTIN of compnay B. Now, my query is what to do if sales are return from company B. How to issue credit note against sales return from company B. (Company B was already surrender)
Please help me.

ONE LLP HAS A RECEIPTS OF RS 210000.00 AND LOSS OF RS964.00,CAPITAL OF RS100000.00.
IS AUDIT REQUITED AS PER INCOME TAX FOR THIS LLP.

Considering the current situation of lockdown due to Covid-19, fixed assets purchased by the company will not be in use for a specific period of time (for 21 days as of now starting from 25th March'20.

Can we still claim depreciation in books as well as for tax purposes?

Or Can we defer the depreciation amount for the number of days during which the asset was not put in use.

Will the clause of obsolescence be applicable even during this phase?

Dear Sir(s),

I want to invest in PPF for the next FY 2020 - 2021. If I invest in the month of April 2020, will I get Tax exemption benefit under 80C for the FY 2020 - 2021 or I should invest after June 2020?

Secondly, If I want to donate an amount to a Trust and want to get Tax benefit, when should I donate - Before April 2020 or after June 2020?

Seek your valuable advice please.

Regards,

Vijay

All are aware that Honourable Supreme Court has allowed to sell 10% of unsold vehicles within 10 days after corona lock-down ends and the dealers have to dispose 90% of unsold stock either by returning to the manufacturers for modification to the vehicle but the manufacturers are understood to have asked the dealers to get the vehicles billed to themselves and registered before 31st March 2020 in the dealers name and then sale the vehicles later as second hand vehicles. Please suggest treatment of such billing for GST. Thanks

If I have booked entry for interest to unsecured loan from relatives § friends on 31/03/2020 and will make the payment of interest in next month I.e April'20
It is allow as per income tax act or not?
last date for payment of tds for march'20?
Please reply

Assess maintained a hospital .assess amount paid below persons.
1.commission paid to another doctors
2.commission paid to RMP persons.

Question:
1. Assess Commission paid amount on tds applicable or no.
2.how to pass on accounting entries.

Is it right time to invest in share market ??

Lot of correction in share market and it is highly volatile

Why 80% of traders lose in intraday trading? Many of connected people lose lot of many in intraday trading. Very few got succeed in intraday trading.Why?

KVP PURCHASED ON 20.10.2010 OF RS.2000/- BUT NOT ENCASH ON THE DATE OF MATURITH ON 20.05.2019 DUE TO LOSS OF ORIGINAL CERTIFICATE. IN WHAT WAY IT WILL BE SHOW IN BALANCE SHEET FOR THE A.T. 2020-21?