Here is Portfolio page of Indulekha, with all his work

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Oct. 14, 2019
A section 8 company has applied for section 12AA registration. It has applied as a charitable institution. It has word "Spiritual advancement" and "Teaching Vedic Arts" in its objectives. The tax officer has demanded to explain that how "Spiritual advancement" and "Teaching Vedic Arts" are charitable in nature.
Can you please advise whether Spiritual advancement is charitable in nature or not?

Jul. 24, 2019
Can I claim deduction for provision I made for gratuity?
Apr. 05, 2020
Mr Hansh deals in sale and purchase of lands and buildings. He holds various lands and buildings as stock in trade.

Please advise while calculating Hansh's income can we ignore the Stamp Duty Value (SDV) of the property and use the actual consideration received only?
Apr. 07, 2020
Ravi Limited took over the stock in trade from Shankar Limited after revaluing it at the fair market value at Rs 7 lakhs (previously held by Shankar Limited at cost Rs 6 lakhs) when Ravi Ltd and Shankar Ltd amalgamated in to Ravi Limited.
If Ravi Ltd (amalgamated) sells this stock in trade for Rs 8 lakhs, the Cost of stock in trade shall be computed at Rs ___________?
Apr. 07, 2020
Hari paid Rs 66,000 in cash to Shyam, his employee, as a retrenchment compensation on the 5th of September, 2019.
Can he claim it as a deduction?
Apr. 05, 2020
I have filed section 12AA application for my section 8 company. I have claimed it to be a charitable company. Now I think that I would have to change my claim and say that it is a religious company. Can I change my claim in the same application?

Apr. 06, 2023
Hari, a poor farmer is engaged in a skill development project.
Chatur Limited, a philanthropic institution agreed to reimburse Hari for his expenses (Rs 8 lakhs) incurred on the said project.
How much deduction can Chatur Ltd claim under section 35CCD?
Apr. 05, 2020
Getting a PAN has never been easier and faster.
Jun. 10, 2020
Don't believe us?
Sameer Limited and Sunanya Limited wished to amalgamate together and form SamSun Limited.
They amalgamated on April 6 2019.
Sameer Ltd incurred Rs76,790 and Samsun Ltd incurred Rs1,22,000 in the process of said amalgamation.
In such case, what deduction under section 35DD for the assessment year 2020-21 is available to Samsun Ltd?
Apr. 05, 2020

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