Daya
23 April 2023 at 20:51

What is section 43 B says

what is relevance of section 43B of income tax.
on returns file before due date of income tax.


Daya
23 April 2023 at 20:31

What is sovereign Gold Bond

what is sovereign Gold ,
and what is tax treatment
is interest provides or only capital gain only


Daya

what will be the journal entry in the case of interest received from PPF account in the case of individual books.


Daya
23 April 2023 at 19:58

Differences in closing balance

one of my client shown in his Books of accounts ( In the case of company) paid on 31st parch Rs. 25 Lakh but in the actual case in my books shown on 1st April 2023 .
while we demanded Balance confirmation ledger , we founded that balance differences .
How to make Journal entry in my books of accounts.


Kollipara Sundaraiah
23 April 2023 at 19:55

Doubt for income tax

Sir,
Q.no.1 A doctor professional and selling medicines income f.y.22-23.doubt: professional income limit rs:50 or 75 lacs for f.y.22-23
Q.no.2
Assessess Cash gift from brother rs:5 lacs same date cash gift to brother rs:3 lacs through on bank mode pay.doubt: assessess gift transaction allowed in it act.


Manami Biswas

Received 100 Rs extra then sales invoice value, which will not be adjusted with any other invoice.
In which account this extra payment will be showing in CoA? Please put a JV for better understanding.

Data EX –
Invoice amount – 1000 INR (with GST)
TDS deduction by supplier – 20 INR
Amount to be paid - 980 INR

Amount received from customer – 1080 INR

Unadjusted SRV amount = 1080 – 880 =100 INR


Abinash Panda
23 April 2023 at 18:59

Redemption of preference capital

A company's balance sheet

ESC 100 BANK 400
PSC 50
P&L (300)
G/R 50
LOAN 500

Can the company redeem it's preference share by using general reserve and kindly tell me , is it bad for creditor and members.
Kindly explain it . No one gave me
Answer .


GANESH GANI

hello, This is Ganesh.M. Recently I have purchased Some 60000/- of Goods from a regular GST holder of other State. Now i have to return 25000/- of goods to him. As iam a Composition dealer I Can't raise Taxinvoice, So how to return the Goods to them as i can't raise ewaybill to Interstate supply too. Kindly help me out regarding this, Thank you.


akshat shah
23 April 2023 at 16:30

Can LLP trade in the stock market?

and if yes, is that activity should be mentioned in the objectives of the company?


binu sukumaran
23 April 2023 at 16:01

PF bank details update

One of my friends has bank account in in SBT. Now sbt merged with sbi and ifsc code is changed.
He try to update in pf portal.,but showing need digital signature need from company.
He is already resigned from company and need to withdraw fund.
If company make delay to do this,is there is any other option.
Please advise.
With regards
Binu