Sir,
One of the it assessee family expenses and repair and maintenance expenses used for fixed assets purpose debited to business maintained expenses account.
Question:
Assessess family expenses and repair and maintenance expenses seperated change procedure in books.

Dear Sir,

during purchased and sale of stock we have paid some expenses for eg. brokerage, stamp duty, service tax etc please suggest in which group i crate the ledger all expenses in tally
Our main business of marbles cut pieces.

Dear Sir,

Suppose a person working in private shop ( organization) where annual salary 120000/- and he has maintained books of account in other firm where annual got 96000/- and tuition income 112000/- bank fd and saving interest Rs.23200/- so which ITR firm suitable for him

Dear Sir,
Please help me i am little confuse someone worried me if you file your ITR then you face to notice from IT department because you mention your all saving account detail in ITR. Sir, its reality or not i have never filed ITR because annual income is less then basic limit. but i am saving Rs.90K to 1.10 Lac each year from Since 2007 Company graduity & PF withdrawl also in Bank. We have converted to FD Kindly suggest,

Dear Sir,

I have filed return and same e verified by 22 November but its yet not processed please suggest can we do something.

Can you share how the own credit is calculated on financial instruments issued by the firm and how the changes in own credit is calculated for the change in own credit from date of issuance of the financial instruments to the reporting date (production date). One way to measure it is change in own credit = TV (Mt, Ft) - TV (Mt, Fi) [i] where, TV(Mt,Ft) : theoretical value of the financial instruments using backbone curve on the production date Libor + Own credit spread on the production date TV(Mt, Fi) : theoretical value of the financial instruments using backbone curve on the production date Libor + Own credit spread on the issuance date. But, the above approach has limitation in following hypothetical scenarios : let us assume Own credit curve on the production date and issuance date remain same but it's constituent changes. In that cases, the calculation will not correctly capture the own credit change: Production Date Own credit : 5% Libor : 4% own credit spread : 1% issuance Date own credit:5% libor : 3% own credit spread :2% in the above hypothetical scenario, if we put in the equation [i], the issuance date TV will be based on 6% (4% + 2%) your response and sharing will be highly appreciated.

Read more at: https://www.caclubindia.com/forum/own-credit-adjustment-treatment-under-ifrs9-586310.asp

Dear Experts
Kindly advise suppose Mr.x not filed his ITR because his annual income is less then basic limit but he is saving Rs.eighty to ninety thousand from his salary since 2006 salary deposit by his employer. And he was deposit some cash in his saving account. He converted saving amount value to fixed deposit Rs.7 Lac in 2014.in 2017 he resigned his job.he got gratuity and PF withdrawal Approximately Rs.3 Lacs he.in 2019 he made one fd Rs.8 Lacs now he is working in private shop he got the salary in cash mode. He deposit saving from sb account in via cash so please suggest can he face any problem or any notice from IT department or bank

Cash deposit in sb account.
2006 - 11000
2007- 9000
2008- 24200
2009 3400
2010 to 2017 2 Lacs 85 thousand
2019 to March 2021 1 Lacs 10 thousand

An LLP is just formed after conversion from Company..one partner wants to leave partnership..is there any time limit for sale of share between partners after conversion from company to LLP?

Resp.Sir,
We Issues two types of Credit note

1. Turnover Discount ( with Scheme amount plus GST)
eg

TOD A/c ...Dr
Input CGST ..Dr
Input SGST ..Dr
To Party A/c

2. Cash Discount , (on time payment by Debtors with amount plus GST
Cash Discount A/c ...Dr
Input CGST ..Dr
Input SGST ..Dr
To Party A/c

My Query is Shall we Charge/Reverse GST in Credit Note.

Dear Sir

please suggest Mr.A is not filed income tax return because his annual income is less then 250000/-but he is saving every year Rs.60 thousand to 70 thousand ( in saving account)per year from since 2005. in 2012 he was made fd from bank Rs.5 lac and one fd in year 2020 RS. 8 lac and now again in year 2021 he made Fd Rs 2 Lac all fd renewal in every year. So can Mr.A face any issues from IT department. interst from fd reflects in AIS form in previous year his annual income exceed from basic limit and he filed ITR.