We have received a damaged component/part of one item sold from our customer in warranty period. And we replaced that component with new one. we rectify the damage of the defected item by sending that to manufacturer. How to enter these transactions in tally erp 9. Please suggest.

My father is seliing a plot of land next month for which the buyer is giving -

25% of Sales Consideration on the date of sale deed and
Remaining 75% through post dated cheques of year 2019.

I want to know whether a sale deed can be cancelled if post dated cheques get dishonored?

What necessary points should we mention in the sale deed for safeguarding us due to any possible fraud or cheat in the future (cheque bounce)?

Thanks

If I Sold an under construction Flat of Rs. 3Cr and made an agreement. Out of 3Cr. I have Received Part payment of Rs. 1Cr.
then on which amount GST Will be Charged 3Cr. or 1Cr. at the time of receiving part payment.

How to enter transaction in tally when you recd credit from ewallet ( Paytm) directly got credited to Bank account.

For preparing financial statements for LLP, whether depreciation under schedule VI is mandatory or depreciation under the income tax act can be followed.

Hi!!!!

My assessee has received intimation u/s 143(1) for A.Y 2017-18 asking for payment of tax. I found out that there was a arithmetical error in return filed. Total amount of depreciation was claimed in wrong column resulting in wrong calculation of total income & tax payable thereon.

Please guide me as how to rectify this error. Can I file a Revised Return after rectifying the error. Earlier I had filed a revised return for A.Y. 2017-18. It means If I revise the return, this will be second revision

Kindly help me out
Regards

Can mother can take gift from daughter without any tax

Dilip

i am traders of iron materials, during the financial year 2017-18 my turnover is 59,00,000/- and my net profit is 3,40,000/- , Query is whether i need to go for Audit under income tax Act, as my net profil below 8%, Please Help.
Thanks

Respected sir,
A person maintains full books of accounts and as per that he is having turnover of Rs. 1.75 Crore. As per his profit and loss account he is having a net profit of Rs. 18 Lakh. But he wants to declare his profit of Rs. 14 Lakh @ 8% (As per section 44AD of the I.T. Act).
My question is that – What kind of legal situation may arise in this case. Please guide.
With regards

Subhash

Acdoctor gets honororium amounting to 75000 per month and employer dedects tds 10 that amount to 7500 per month..While filing tds only tds was showing 82500 in 26as so i filled manually 7500 more to claim ids 90000..I also opted presumptive based income thats is 50 for doctorsAnd tax amounted 10000 and net refund was 80000 but in intimation there was mismatch of 7500 and i hv got refund amiunting to 72500 ..Form 16A also shows total tds amount 90000 What to do now ?