The assessee is a proprietor.
For A.Y. 2022-23, his turnover is Rs. 1,84,00,000 (below Rs.2Cr), profit is Rs.1,50,000 ( below 6% of turnover) and total income is below basic exemption limit.

Is audit applicable ?

If I am earning commission income (from rendering services) which is approximately is Rs 20,00,000/-

Whether we required to apply for GST.

What is GST implication in case of Commission income.

Thanks & Regards
Surekha

Sir,
Sec 44ada it assessess cash loans from creditor and cash loan to debtors ledger balance amount show in books as on dt: 31-03-22.
Cash loan from creditor (son) balance amount rs:10 lacs
Cash loan to debtors (daughter) balance amount rs:15 lacs.
Question:
Assessess cash loans from creditor rs:10 lacs amount transferred to cash loan to debtor account adjustment entry passed in books accepted in it act f.y.22-23.

How to do GL scrutiny for Accounts receivable in SAP

WHAT IF I CASH DEPOSIT MORE THAN 10 LAKH IN SAVING ACCOUNT in a year
in small deposits in different dates below 1 lakh each . can I get incometax notice ?

I have to do a project of Accounts in which I have to make a sum with transactions of a company and solve it. For more information please check cbse website accountancy project class 12 . But please please please please please please please help me🙏

Mr.A has contract income of Rs.16 lakhs for the financial year 2021-22. He has interest and remuneration total of Rs. 13.25 lakhs. The aggregate total including interest and remuneration exceeds 20 lakhs limit of GST. Whether Mr. A is liable for GST registration or not ?

Hi Expert,

Our company is food and restaurant based company, at the time accounting the sales made through Swiggy and zomato we debit the Swiggy and zomato, as on March 31st, 2022 their is Swiggy and zomato balance under trade receivables.

So for the purpose of calculating the trade receivables turnover ratio can we consider these sales made during the year through Swiggy and zomato as credit sales.

If not is it correct to disclose the Swiggy and zomato balance under trade receivables?

Please suggest I'm stuck with the point

A director of a Pvt. Ltd. Company received the shares as gift from his mother. While giving information of shares acquired during the year in General information part A of ITR 3 of the director- there is no column to give such information. There are columns such as issue price of the shares in case of fresh issue of shares and purchase price when the shares are purchased from existing shareholders, but not about gift from mother. How to show the information about the gift of shaers in ITR 3

Is GST levy under RCM if Registered dealer person Purchase scrap on Auction by Police Station ?
Pls. answer

Thanks & Regards