Hi,
Dear Experts please help on can be do transections between two different companies where is same director/partners have share holdings. transections like
-Payments on behalf of each other .
- Sale-Purchase.
-Payments of Govt dues etc.
Kindly help & provide the section of Income tax if possible.

Sir,
A person maintained a private hospital two places single proprietor.purchases of medicial equipment and other fixed assets payment through on head office place bank account for assests used for branch purpose
Question:
A person total assets head office and branch office value amounts shown in h.o. account books only or separately transferred to b.o. is corrected procedure.

What is difference between Trade payable and Expenses Payable while making Balance sheet as per schedule VI of Balance sheet.

Sir,
I am Newly join hospital industry please suggest as follows

When received the Amount from Medical Insurance Claim from Insurance company of One Patient Total Bill amount of Rs. 100000/- details as follows

Receipt of Rs. 75000/-
Deduction : - MOU Deduction of Rs. 10000/-
disallowed of Rs. 5000/-
TDS of Rs. 10000/- (10%)
Please suggest the Receipt Entry
Durga Prasad
New

Hi,

I have an invoice from makemytrip. I don't know to pass an entry in tally ERP9. I invoice the Fare Charges are 4316/- , makemytrip service fees are 245.76 and GST is 18%, which is on Service Fees. The total invoice is of Rs.4616/- which includes Rs10/- as donation amount.Should I consider it as IGST 18% as the flight travelling is from Mumbai to Hyderabad. Our is a proprietory concern

Dear Sir

Kindly advise for entry in book of accounts. Proprietor has been death in Feb 21 His capital value Rs.3421000/- in shown in books. Rs.642000/-in March 21 adjusted with fixed assets and rest RS.2779000/- transferred to his A,B, & C, Under( HUF account) sons equally. in current year Son Mr.A is the proprietor of same form. But in books of account in which group i create the ledger of Sons Mr.A,B,C

Sir,
A doctor maintained a private nursing home some health services provided and different doctors working in hospital.
Example: fees collections from health services for different doctors rs:20 lacs after bill sanction amount nursing home bank account credited.
Question:
1.fees collections amount another doctors (consulting and treatment charges)payment through on cash mode allowed in it act.
2.food and pharmacy and travelling expenses amount of payment through on cash mode allowed in it act.

Sir,
A person has working a school private teacher earning salary Rs.9000/- and some tution fees and some FD interest but annual income is around 225000/- They are also preparing for the govt. Job if he can file income tex return or suppose he got chance for govt job can income tax filed return become an obstacle in the way.
Please suggest

Sir,
One of the professional income it assessee fees collections from patients rs:20 lacs
Fees collections from health services rs:4 lacs in f.y.20-21.if health services income amount next year 21-22 received.assessee accounting records maintained cash basic
Question:
Assessee Gross income rs:20 lacs or rs:24 lacs show in it returns in f.y.20-21.

Dear Sir,
A person has working from 2006 His annual income is less then Basic limit so previous years he was not never filed itr but saving rs.100000/-each year. In 2018 he also got gratuity and epfo from his previous company. Same amount I have concert to FDR in 2 bank and some balance available in saving account. In FY year annual income increase due to fd interest and some rent income approximately Rs.4 lac 10 thousand. he had seen 26 As form where only shows fd interest no any other but AIS Shows high value transaction under SFT Code SFT-016TD interest of deposit Rs.33321/- and SFT-016SB Interest of saving 14521And 245/- past 10 years he neverr done any high value transaction so why it shown in ais under SFT. (2) FD value is less then 7 Lac bank will reporting if fd value exceeded Ra. 10L .Cash deposit in saving account from 1 st april 2020 to 31 March Rs.19000 in June 2020 Rs.32000 in November 2020 and 3500/- in March 2021 So why AiS Show high value transaction under SFT