Respected Sir,

How much GP and NP Show in PL account means Can we increase 1 to 2% from last year means how much increase from Last year if Turnover increase Rs.40 to 50 Lacs Previous year GP and NP 7.21 & 2.23 Current year 8.25 & 3.23 is Justifiable please suggest we are confused (about book cover audit )

Respected Sir / Madam

May I know maximum which amount of deductions are available under National Pension Scheme.

1) 80 CCD (1B) Maximum Rs. 50000=00 is allowed
2) u/s 80CCB also any deduction allowed other than 80 CCD (1B) ?

or including both total Rs.50000=00

Please guide.

Sir,

Please tell us Received advance from Debtors is Other non-current assets OR Other current assets and Paid advance to Supplier is Other current liabilities Or Other Non long-term liabilities

Dear Experts,,

01.A registered person(Ex ABC Pvt Ltd( receives the goods, which have the value of Rs 5,00,000.00 from his suppliers(Ex : XYZ Pvt Ltd). This supplier is also a registered person.

02.The supplier has the responsibility to generate the e-way bill before dispatching the goods.

03.Whether ABC PVT Ltd will have any penalty or any other legal consequences, if they have received the goods without E-way bill from their supplier XYZ Pvt Ltd


Pl clarify

SIR, MY QUERY IS IF A NRI(OUTSIDE INDIA) WORKING IN INDIA,HIS BANK A/C - NRO A/C(IN INDIA).HE IS CITIZEN INDIA. COMPANY PAY PROFESSION FEES AND MONEY DEPOSIT INTO HIS NRO A/C(IN INDIA). 182 DAYS PYSICAL PRESENT IN INDIA.NO FOREIGN CURRENCY IS REMITTANCE BY THE COMPANY.SO, MY QUERY IS 1) FORM 27Q IS APPLICABLE OR NOT.2) 15CA & 15CB IS APPLICABLE OR NOT.3) WHICH SECTION TDS IS DEDUCTED AND % TAGE OF TDS DEDUCTION OR NORMAL 194J IS APPLICABLE OR NOT.

Please advise, if a Destination management company, based in DELHI providing hotel and land arrangements in a foreign country, can raise an Invoice on travel agents in India, without having their GST no.. Thanks

Party sez bharuch gujarat and part GST claim. Freight applicable
How to make e invoice
1 freight per GST applicable?
2. Invoice Igst me banega?
3.freight HSN code?
4. Sez freight leager how to create

Mr A purchased the house property in FY 2022-23. The property was occupied earlier by other owner.
Mr A is eligible for exemption under section 54F for the investment in this house property.

Other than the cost of acquisition, he also spent Rs 10,00,000 as follows (after purchase but before residing in the property) –
1) Rs 7,00,000 on Reconstruction and Remodelling of Kitchen – For this purpose the kitchen was completely taken apart and then remodelled.
2) Rs 3,00,000 on construction of new room.
Can Mr A add Rs 10,00,000 spent as above to the cost of acquisition or cost of improvement and claim 54F on this amount as well.

Mr. A (non-resident) is tour operator who had setup his business in UAE. Mr. B (resident) is making a foreign remittance of Rs. 3,00,000 to Mr. A for providing tours and travels services in UAE. Whether TDS u/s 195 is to be deducted while making payment or TCS needs to be collected by Mr. A being sale of overseas tour package.

what is surrender letter format for closure of professional tax