In case of firm shut down its business on 30/06/2018 (FY 2018-19), then for FY 2018-19 as per income tax act depreciation on fixed asset is available for 3 months or 6 months..?

can an auditor after appointment by board can sign the Balance Sheet but before filing the form ADT-1 to ROC.

Thanks In advance

I have purchase land (not rural area land) amounting to Rs. 75 lacs from one family (by faith Muslim) members, please advice whether TDS is required in following cases :

1. Total four no of deeds are executed and value of each deed is below Rs. 50 lacs
My question : Sec 194I transaction wise or aggregate amount of transaction during financial year

2. Elder brother gets extra share as per Muslim Law, paid Rs. 55 lacs out of Rs. 75 lacs
My question :
a) Sec 194I transaction wise or aggregate amount of transaction during financial year,
b) if required then TDS Rs. 55 lacs or on Rs. 50 lacs ]

Dear All,

I have bill of Rs.266000/- of Newspapers purchased for school. I have query of TDS deduction . Request you to revert on my query

Mr. Raj who lives in Mumbai and order a smartphone for his mother and e-commerce seller is from Gujarat and his mom also lives in Gujarat so bill will be made on raj's name and his address but it will be delivered to his mother in Gujarat

what should seller charge as per my knowledge GST is destination based tax and in this scenario destination place is gujarat so CGST and SGST will be charged??

Sir,
Can We register in Traces and get User ID and Password without PRN.

I have a Pvt. Ltd. company and i have given unsecured inter corporate loan to a company. The Company is not paying interest neither refunding the principle.
During prior years the company was deducting tds and depositing the same. But during f.y 18-19 the said company didn't deduct any tds and deposited the same. They have also not returned our signed confirmation for f.y 18-19.

This year i.e f.y 19-20 we have filed a case in court for the same calling for refund of my money along with interest.

So, should i provide for interest and tds in my books for f.y 18-19 or not.

1. According to sec 10(10D), LIC maturity amount will be exempted if the premium paid is not more than 10% of the sum assured.
2. I am assuming you have paid the premium for the entire year which comes to Rs. 59,520 (4,960*12). This is in excess of 10% of the sum assured (2,31,000*10%=23,100), hence the maturity amount will not be exempt in the hands of the receiver. Hence, deduction of TDS u/s 194DA @ 1% on the amount of Rs. 2,31,000 would have been deducted.
3. Hence, in the given case the entire amount of Rs.2,31,000 will be taxable under the head "Income from Other sources" in the year of receipt. Please correct me if the above solution has an alternative view.

i have filled form 102 and 103 on SSP and it has been approved by my principle but pending approval from regional officer. Now i dont want to register under the above principle .Is it possible to cancel the registraton before approval from regional officer

Sir / Madam

I would like to know whether contractor is eliglible to take credit of steel and cement in connection with contract provided to govt.
kindly answer at the earliest.

thank you
vimal kumar