Sir/Mam,

What is High Sea Sales how to prepare E invoice and Gst Tax Rate.

High Sea Sales with in india and out india Tax Rate Effects.

Please kindly explain High Sea Sales

Thanking you

Dear All,

We are an LLP organization. we have taken an office on rental basis. The rent charges is Rs. 15,000/- monthly. We make the payment of Rs. 8000/- as rent to the owner and balance of Rs.7000/- we make payment to his relative as consultation charges. How should I pass the entry for the same, should I consider Rs.7000/- paid as contract charges or consultancy charges, because my senior has advised me to consider the consultancy charges as contract charges.

Thanking you

What if I bought a mac from dubai .
Can I ask exemption through depreciation in india
It is used for business purchase

I am Direct entry CA student, completed 1.5 years of articleship. But I couldn't pass any attempts. Now I need to terminate my articleship and join employment since my financial background is no good. If I terminate articleship opting 'Discontinuing CA course' then can I attempt any future exams. Because it says that if I opt that way, all my articleship records will be cleared/ deleted. And I as direct entry student need 9 month articleship for attempting exams. Please help.. Guide me if there is any other way.

Dear Expert,

let suppose I am Manufacturer of PVC Pipe. I appointed small dealers for sale of my product for that i kept Rs 20000 as refundable security deposit when they start work with me. Now i had opened a Master dealer in their area & i will bill to him & he will distribute the stock to small dealers.
Can i transfer the security deposit of Rs 20000 to Master dealer which is standing as liability in my books?
Please guide solution & process if yes..

Sir,
I am a partner in a partnershipfirm. The firm is getting rental income and interest on Fixed deposits kept in the name of the firm.The firm is not having any business income. I have been filing returns through ITR5 in all the previous years declaring the income through rent and interest on fixed deposits. This year( A.Y.2022-23), I have not been able to file the returns through ITR5 because of one issue: the ITR is asking me fill details in Balance sheet and profit and loss a/c in ITR5 form. This issue was not there in the ITR5 of the previous year/s. In the ITR5 of the previous year, there was no need to fill any details in Balance sheet and Profit and loss a/c and I was able to file the ITR5. This year, there is this issue. Kindly advise.
Thanks and Regards

Dear Sir/Mam
let assume as case where I have 18 lac turnover in my regular business shown Income of Rs. 4.22 lacs under sec 44AD and also has Non speculative income under F& O turnover 18 lacs has loss of Rs. 19K Plus Speculative business Income of Rs. 5K now my question is
1)
Can I show my regular business income of Rs. 4.22 lacs and non speculative loss of Rs. 19K under 44AD and speculative income under normal Business Income.
2) If yes whether I have to bifurcate income of normal and non speculative business under 44AD
3) If yes to 2 point than Can i show Non speculative income below 8 % as while combined Income under 44AD not goes below to 8 Percent as per Act.
Kindly reply.

Dear experts,
Is there any probability of extension of due date for return filing Deadline ( 31 July ) ?
Looking on portal very few returns are filed this time.
Filing of returns were made available ( except 1 & 3 ) from May end.
Thanks in advance.

Hi team,

Section 194 R is applicable from 1st July.

My Question given in below points.

My company is giving Gold coins & other items as Business promotion certain people
If I don't have the details of the ultimate person who is getting the item, how i can comply with 194R, even if I am okay to bear the TDS cost of these items provided.

Hello sir,
Our Business turnover is up to 1.20 crore and cash receipt & payment is less than 5%
Does Income Tax Audit 44AB applicable to us.