sir,
my friend running service business . He has car , that is purchased through company account . During 23-24 he is sold this car and purchase new car. He got value of consideration of car is lower than written down value of car.
Let's me know what is the impact in GST in this case. one more doubt if profit get in this transaction , what is the impact in GST.
please advise

Why is capital redemption reserve treated as reserve and not provision though it is created for a known liability?

Respected sir/ madam
We had send our savings to my mother and deposited Rs.70Lakhs in FD in my mother A/c for which already tax paid on that amount....now we want buy a property, for that we have to withdraw my money from the bank...now my doubt is howmuch amount we can withdraw in cash...is there any tax is attracted to withdraw the amount??
Without attracting tax what I can do??
Please answer to me

what to do when assessee (Individual) not showed salary income in income tax and deductor deduct TDS in 192 instead of 194J(b) for the same assessment year but later than time for revised return left. What to do?

Assessee showed that income in Business and profession head and filed ITR 3.

My proprietorship firm doesn't exceed 10 cr annual turnover and my cash transactions are under 5%. Do I need to hire a CA or can I file my own income tax returns?

we setup a new company and filled the land with soil. now we make a payment to that individual person so which rate of tds deduction is applicable

Whether merger of proprietorship firm with private limited company is possible ? whether it is possible that private limited company can take over all the assets and liabilities of proprietorship firm

Can a member of ICAI who is paid assistant in ca firm not holding COP can take employment in Industry?

WHAT IS ORIGINAL RRR AND PREVOUS RRR WHEN WE UPLOAD 4TH QTR CORRECTION ZIP FILE ON EPORTAL

Where will be the loan provided by trustee to the trust be shown in the finanacial statements. (Short term unsecured loan)