Pls suggest whether sale of Fixed assets is a capital receipts or not. We are the manufacturer of Automotive Chain and Kits. In the last FY we sale our two machinery due to their old age. Pls suggest this will be capital assets or not. We have to report it in the Tax Audit report....
journal entry in firm books , when a director attach his fixed deposite in bank od a/c and bank credit money in firm bank a/c.
I HAVE SOLD MY RUNNING ONLINE BRAND / TRADEMARK FOR A SPECIFIC CONSIDERATION LET SAY Rs 100/- BUT CONSIDERATION WILL BE RECEIVED IN % OF MONTHLY SALE OF SUCH BRANDED PRODUCTS.
PLEASE GUIDE ME ON GST ASPECTS ?
During demonitisation period 2016, my client deposited rs 10 lacs into his savings bank account , ok , now few notices have been issued to my client ( AY 2017-2018 ) by asking that
From which source that amount ( rs 10 lacs ) came out to him ? Please specify that source .
My question :
1) From which source that amount he ( my client ) got should i say to ITO so as to vacate any demand against that notice ?
2) What is the ultimate remedy to overcome that above situatuion ?
Please justify with reasons & by using proper provisions only otherwise not .
Regards.
Please tell me the entry for...Sale book overcast by Rs.500/-
Please guide me about the process to convert ca proprietorship firm into partnership firm bu adding new partners .
read reply but sir, when the lease rent is below Rs.500/- per year, then there is no RCM in GST. Please clarify.
WHAT IS THE PROCEDURE FOR CLAIMING GST REFUND AGAINST EXPORT SALES
Sir please advise me, that one of our client sold his site at the cost of 23,40,000-00, then after with the amount he has purchase a residential property with his wife name and the cost of property is 26,50,000-00. this situation he can claim capital exemption or not. please..
Sir/Madam,
Is it compulsory to raise E-Way Bill for Job Work in case of intra-state transaction if value is not exceeding 50000.
Thanks in advance
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
PGBP or Capital gains