Sir/madame,in the FY 2017-18 i missed the payment entry of Rs.2608 in the partys' ledger.And in the FY 2018-19 i missed expense entry rs.2254 and also made excess paid cash entry rs.3856(actually not made in that year).How to solve this problem in the FY 2019-20.Please pass the journal entries..please guide me..

DEAR SIR

OUR PARTNERSHIP COMPANY LAST YEAR TURNOVER IS 2.00 CRORES

CURRENT YEAR WE HAVE SUPPLIED TO CUSTOMER UPTO SEPT"2020 Rs.3 crores
Q1. TCS IS APPLICABLE FOR ABOVE CUSTOMER?
Q2 . WE HAVE GIVEN RENT FOR FACTORY LAND AND WE HAVE ISSUED INVOICE FOR RENT , TCS IS APPLICABLE FOR RENT INVOICE ?
Q3. TCS RATE ?

PLEASE HELP ME ABOVE QUERIES

DEAR SIR ,

LAST YEAR OUR COMPANY TURNOVER 20 CRORES.

ONE OF OUR CUSTOMER SALES IS 65 LAKHS UP TO SEPT-2020

Q. TCS IS APPLICABLE ?
Q2. TCS IS BASIC VALUE OR INCLUDING GST ALSO ?
Q3.TCS AMOUNT INCLUDING INVOICE ?
Q4.TCS IS APPLICABLE SEZ UNIT ?
Q5. TCS IS APPLICABLE FOR GOVT UNDERTAKEING UNIT?

PLEASE HELP ME ABOVE QUESTIONS

A NRI who sold Building and an adjacent vacant site in two documents and Building sold to husband and vacant site sold to wife. Long term capital loss arises Rs.125360 in building sale and Long term capital gain arises on vacant site sale 113850. Sale consideration of vacant site Rs.230000 & vacant site 4800000. as per section 50C vacant site value fetches 5001000. is s 195 attracts. and what amount whether on LTCG or Sale consideration . Net long term capital loss arises during the year 11510.

Dear all
In my client company stock transfer will be happen. For that IGST They will pay
and take it is input. Transfer price is 40% less than MRP. They normally send the goods in transport
in transfer invoice only cost of material will take place
As per transaction value
Cost of materials
+ transportation cost
will be the transaction value
So in my client company stock transfer invoice contains only Material cost

My doubt is whether transaction is to be included in the transfer value.

Dear All,

kindly give advice that Interest received on Saving A/c, FD, RD of Proprietor can be shown in Propriety business P& L a/c or capital a/c. Also advice that personal saving or investment is compulsory to show in Business Balance sheet or not.

Proprietor for firm expired on 26.09.2019, from that day his business was run by his legal hair after death till date under the GST number of deceased proprietor. now new gst registration has been taken in his legal hair's name, whether we can transfer input credit of deceased proprietor to his legal hair by filing itc 2 now ??

DEAR SIRS :: THERE IS GREAT CONFUSION ON ADDING TCS ON TAX INVOICES....
(ONE GROUP SAYS ) IS THIS ON TAXABLE VALUE BEFORE TAX OR
(SECOND GROUP SAYS ) TCS SHOULD BE ON TOTAL VALUE OF INVOICE ( TAXABLE VALUE + GST )......

I ALSO HEARD THAT TCS ALSO REQUIRED TO BE DEDUCTED AND DEPOSITED ON AMOUNT RECEIVED FROM PARTIES WHERE SALES WERE MADE TO PARTIES PRIOR TO 30-09-2020 BUT WHO CROSSED 50 LAKHS SALES TILL 30-09-2020.... PLEASE CLARIFY... REGARDS

Due date of filing Tax Audit Report in case of transfer pricing entities will be 31.10.2020 or 30.11.2020 ?

One assessee filed I.Tax return under 44AD for the year 2018-19 who is an interior designer by mistake under other contractor business.
Now i want to file I.Tax return u/s-44ADA for the fy-2019-20 under Architecture Service and declared more than 50% profit of total turnover.
It is possible or not??

Need to file u/s 44AD instead of 44ADA bec.only 1 year return was filed u/s 44AD and as per income tax rules minimum 5 year to be filed u/s 44AD!!

Clarify on priority basis

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