sir,
A partnership firm professional income Gross receipts rs:12 lacs working two partners. gross receipts amount rs:12 lacs shared to two partners capital account (6 lacs +6lacs).but profit declared rs:50% 6 lacs profit transferred to partners capital account 3 lacs + 3 lacs.
Question:
Gross receipts vs profit difference amount show procedure partners capital accounts.

can any assesse may file his/her ITR for the F.Y. 2021-2022 (assessment year 2022-2023) through ITR U ?

is LC limit also considered during calculation of Drawing Power

1.on which basis register folio number and certificate number given in share certificate?

2.And if the same shareholder, additional shares alloted. In this case, how register folio number and certificate number given in the share certificate?

3. on which basis, share certificate issuing date is fixed?
Please explain.

Thanks in advance.

MY FRIEND HAS FILED HIS RETURN ON 30/7/2022 FOR AY 2022-23 BY PAYING SELF ASSESSMENT TAX OF RS.92000/- BUT BY MISTAKE THE PAN HAS MENTIONED WRONGLY WHICH WAS NOT NOTICED WHILE FILING IT RETURN. THE ASSESSMENT HAS BEEN COMPLETED RECENTLY WITH A DEMAND OF RS.92000/- WHILE VERIFYING THE CHALLAN STATUS IT WAS NOTICED THAT THE SELF-ASSESSMENT TAX WAS CREDITED TO SOME OTHER PAN(THERE WAS A INTERCHANGE OF ONE ALPHABET IN THE PAN).
MY QUERY IS HOW TO SOLVE THIS PROBLEM ? KINDLY GUIDE ME THE PROCEEDURE. THANKS

Dear Experts
Gud morning all....
In our university we have planned to provide food for maintenance team on daily basis from canteen (which is located in our campus for rent basis). Now I received food bill from them which also exceeded the threshold limit (bill value Rs 60,000/-) their pan belongs to INDIVIDUAL there is no service tax or GST in the bill. now my question is do I need to deduct TDS @ 1% from the bill value or not? Experts advice mee.

Sir,

Please solve my below query my one relative is working in Public Sector O she invested Rs. 36000 in LIC, Rs. 120000 in PPF, New Pension Scheme Rs. 73400 her contribution and employer contribution is Rs. 103440/- for New Pension scheme .
Kindly guide me what are the above deduction amount show in deduction section i.e Section 80 C, 8CCC, 80CCD(1) & 80CCD(1B) applicable for her

Thanks & Regards
sanjay

Namaskar,

For FY 2021-22:

- Return filed on 28-Jul-22 (before due date).
- Let-out house property loss 2,47,311.
- Automatic set off 2,00,000.
- Loss to be carried forward 47,311.
- In intimation, carry forward loss is showing 0.
- Raised an online rectification request yesterday to reprocess and it got reprocessed within minutes but even after that it is still 0.

As far as I know, I should be able to carry forward this loss. Am I not correct in my understanding? What should I do to get it corrected?

Thanking you in anticipation.

Foreign Company buys shares of an Indian Company from another foreign company. Whether the buyer foreign company has to obtain CA Certificate in Form 15CB & furnish details in Form 15CA while making remittance to the seller Foreign Company?

(1) As per Accounting standard
How to calculate earning per share
(2) What is diluted earning per share and how to calculate it.