Dear Expert,
One is my colleague issued two pan card and using both form 16 issued on old Pan card and applied load another pan card
now they wand to surrender one pan card what is the procedure for this and is there any problem in old record
Please advise sir.

Sir,

The Hutti Gold Mines Co. Ltd, Hutti (HGML) (a Karnataka Govt PSU), while closing books of accounts for F.Y.2016-17 has accounted Rs.83 lakhs interest on IT refund for the A.Y.2015-16, received on 30.08.2017 (before closing of accounts for FY 2016-17). This was done in the absence of order u/s 143 (1). However the amount accounted tallies with the interest received from the department (compared after receipt of 143 (1) order).

Now the CAG has made audit observation on the accounting of interest, stating that substantial amount of interest pertains to FY 2017-18 (April 2017 to August 2017).

Hence, expert opinion is requested on the accounting of interest income on refund of Income-tax.

I'm a bcom graduate. and right now studying for ipcc. haven't passed ipcc. but I want to do mom f&t from ignou. is it possible for me to apply for that course.

I am forgot to take off input of one bill of August month in gst 3b return now how claim input ? claim in next month 3b or any options available for this

Dear Sir,
One of my relatives wants to start a Event management services, So They can register GST under composition scheme? but GST law says only Traders allowed under composition scheme(Is traders Include Event management services?)

Dear sir

While filling MGT 7 For a small company the form is asking for the digital signature of a company secretary by filing his details .as per law this is not required..how can one solve this .
can we give some number like000000 and put DSC of director in this place
Please clear my doubt

My freind started a business of manufacturing of jute and cotton bag. Please suggest me what is the hsn code and tell me the rate of gst..
Please help

Can pvt ltd company give loan to its director? If yes what's the procedure and compliances?

An asset is manufactured at a cost of rs 200000 on 1st October for which loan of rs 150000 was taken on 1st April of that year at 10% p.a.The entire loan was outstanding till the end of the financial year. Which of the following is correct?

A. Capital expenditure Rs 200000 and revenue expenditure rs 15000

B.Capital Expenditure Rs 207500 and Revenue Expenditure Rs 7500.

C. Capital expenditure Rs 215000

D.None of the above.


Please answer with proper explanation.

An asset is manufactured at a cost of rs 200000 on 1st October for which loan of rs 150000 was taken on 1st April of that year at 10% p.a.The entire loan was outstanding till the end of the financial year. Which of the following is correct?

A. Capital expenditure Rs 200000 and revenue expenditure rs 15000

B.Capital Expenditure Rs 207500 and Revenue Expenditure Rs 7500.

C. Capital expenditure Rs 215000

D.None of the above.


Please answer with proper explanation.