Rs.7.00 Lac was taken by me from one of my close relative vide Bank cheque during FY 2019-2020,which was shown by me as Advance received. and the payer showed it as Advance paid . Whether the said advance received may be shown by me as Gift received during FY 2021-22 as agreed by the payer ?

Dear sir/ Madam
can employee claim deduction u/s 80CCD(1b) in respect of nps deducted from salary by the emloyer ( employee contribution)

Please suggest:-
A person is rendering export of services in relation to software programming opted 44ADA and registered under GST also. Now, the person has been assigned a project to code for MAC (apple operating system) for which Apple laptop is purchased.
Query:- How to treat such purchase as the amount is to collected from the recipient of services. Whether such purchase of laptop will be professional income and can such asset be treated as Fixed Assets at the same time.
How to raise invoice in GST as to whether the amount of laptop be included along with regular monthly invoice of services rendered or no invoice shall be raised for laptop.

While making Import of goods - DDP shipment. (i.e) seller will bear the GST. However my GST no. is given in GST portal and the same is reflecting in GSTR 2A.
Since the GST is not paid by me, Am i eligible to claim GST credit on the same.

Sir / Mam

A Director pays lot of amounts under his suspense account, which was earned by him in his own business, to his Pvt Ltd without limitations.
Plz let me know that how much can a director pay the suspense amount to Pvt Ltd in a year?
Thanks in adv

M/s BL Ltd,a Public Company, has given a contact on 01.02.2021 to M/s Smooth Paint Pvt Ltd for Rs. 60 Lakhs + 18 % GST total Rs. 70.80 Lakhs for overhauling & painting a various machines within time limit of 6 month from date of contact. The work is of Revenue nature. As per the terms of agreement payment shall be made after completion of works.

As on 31.03.2021 (i.e. on balance sheet date ) M/s BL has surveyed the work done till date and measure the work done by contactor and found that only 20% of work having value Rs. 14.16 lakhs (Rs. 12 lakhs + GST Rs. 2.16 lakhs) has been completed by to M/s Smooth Paint Pvt. Ltd. No payment has been made for this part work since as per the terms of agreement payment shall be made after completion of entire work.

What shall be entry in the books of accounts of M/s BL Ltd as on 31.03.2021 ( Balance sheet date )
Option1:
Overhauling & Painting Exp Dr. 12,00,000.00
To M/s Smooth Paint Pvt Ltd 12,00,000.00

Option2:
Overhauling & Painting Exp Dr. 12,00,000.00
CGST Receivable A/c Dr 108000.00
CGST Receivable A/c Dr 108000.00
To M/s Smooth Paint Pvt Ltd 14,16,000.00

In Nutshall DO we should show the GST on part value of work done( calculated on estimated basis ) as input receivable in Balance sheet EVEN if the bill is NOT received.

Kindly back your answer with relevant para of Accounting standard or guidance notes .

An Individual can avail benefits of both sub section 2(a) and 2(b) of section 80D simultaneously. In other words total deduction of Rs. 50,000/- can be availed under above both sub section

My rental Income is Rs600000. Will standard deduction of 30% will be allowed under new Tax regime. How will be rental Income calculated under new Tax regime.?

Dear Sir/Ma'm
I have filled Form 24Q Q4 for the FY 20-21 it got rejected immediately with the error description Invalid Chapter VI-A section ID (line no 207) so I checked text file line no 207 it was about sec 80CCG and the team member whos details were showing in text file fall under new regime so there were no investment declare by her. I did not understand what it actually means I called our TDS software support team then tin helpdesk but no use
I call efiling helpdesk they said to sent an email, I did that but no respond I received.
I need your help to understand this and what action I should take
Looking forwards to hear from you

Thank you in advance

Dear Sir/Madam

We are running a Automobile dealer business. We selling automobile parts to the customers. we received a courier charges from customer to send parcel.

Please confirm the SAC Code

Thanks