How to present in balance sheet
Trade payable Excess payment
Trade receivable excess received .
according to schedule III

As per section 50 of the income tax act if the block still exists, the sale of asset will not be taxable.
But when we sell a particular asset the will be profit or loss in the P&L a/c.

I want to ask the taxation of the profit shown in the books.
and if not taxable , how should we show it in ITR 6, should i even show it in P&L ?

Sir,

Goan Panchayat gives contact to build roads,school, toilet, houses for development .The material purchase for this construction ,can i avail ITC for the same.
Please advice

I have take mediclaim and paid premium with gst on it.The company took my gst no and showed in the gst returns.

Can I claim ITC ON MEDICLAIM PREMIUM PAID IN MY PROPRIETORSHIP GST FORM?

PLEASE ADVISE AND CLARIFY?

If one starts an Affiliate Marketing Website on which he is earning Income as Affiliate Marketing commission in US$ and also earning Ad. Revenue ( from running ads on the website ) also in US$ from Google - What all SACs are to be added in his GST Certificate ? Can these SACs just be added online on the GST login and he can start this business OR Are there some other formalities also to be done in the GST dept. or any other dept. to start this new venture ? Presently he is doing only 100% exports of handicrafts as a merchant exporter.

Sir,
A Gst registered dealer 5 precentage tax goods and exempt goods trading transactions.if gst department notice issued details mentioned below.itc reverse on non business transaction and exempt supply sec 17(1)(2) under rule 42, 43.

Dealer taxable and exempt goods separate account transaction and show in gstr3b return.
Question;
Dealer notice received after procedure

How to transfer prepaid expenses to expenses in next FY.

what is capital gain bank account and why it is opened .

how to calculate cost of material consumed and changes in inventory as per schedule III , while preparing profit and loss account and balance sheet.

An assessee wants to Temple tower (Gopuram) , he wants to form committee to construct tower before temple. He wants to form committee of trust. Trust will be closed after completion of tower. He wants to write a religious trust deed. I want the format deed copy.