Sir,
I have puchase a mobile can i claim ITC ,its is for business purpose but as usual its fulfil my personal purpose also.

Hi Sir,

Can one claim LTA if one private employee travelled by his own car or Taxi.

If we can claim, then what documents we need to submit and is that amount spend for petrol charges can claim ?

Thanks in advance

Sir, please let me know the procedure to record B2B sales with entry with HSN and B2C sales entry without HSN ? I have tried my best but could not succeed. Is there any configuration problems which I could not understand ?

sir one of my client taken personal loan from citi finance in 2006 and he paid 20 emi's out of 36 emi's, after 2008 no one came to collect emi, but now he wish to get vehicle loan and his cibil score showed him as defaulters and as lender kotak bank name shows with balance amount
now he wish to pay so please guide how to resolve issue and his cibil will improve
regards
Vikas

Sir/Mam,

We have purchased good from one party crossed above 50 Lakhs , now my doubt is our turnover both Fy 2022-23 and 2023-24 below 10 crores we have to deduct 194Q @0.1% Tds or not

TCS or TDS applicable plz clarify

Thanking yo,

My company has opted U/s. 44AD & net turnover for the year is ₹10Lakhs in which payment rec'd via bank channel (Online & Cheque) is ₹6.5Lakhs + Cash - ₹1Lakh + TDS - ₹20K + Bad Debts - ₹13K & Outstanding is ₹2.17Lakhs.

Please guide in which tax slab (6% / 8%) I have to put TDS, Bad Debts & Outstanding amount.

Assessee provides canteen facility for around 150 Workers and 20 Staffs.

They are recovering Canteen charges from the Salary of Workers and Staffs.

Related party(Pvt Ltd) is providing the Canteen Facility.

Assessee recovers the Canteen charges from Employees and then pays the Related Party.

Whether GST is to be paid on recovery of Subsidized Canteen charges.

I have collected pre-publication charges and issued receipts to the customers. No invoice has been issued yet. Since the book cost is reduced, I have to refund the excess amount collected.
Kindly let me know whether I have to issue a refund bill and how the transaction is accounted in the books

Dear Sir/Madam,

would like to know from when is e-invoicing applicable to a company if the turnover of the company in the current financial crossed 5 crores mark in the month of October 2023 and the present turnover is 11 crores, where as in none of the previous financial years it was never above 3 crore mark.

Do we need to start the e-invoicing with immediate effect or do we have an option to do it from 1st April 2024?

Request you kind advice on the same.

Thanks in advance.

Regards
Mohith

A Pvt Ltd company is still in R & D and Prototyping phaze, so capitalising it's all expenses but in same phaze company received an order and ready to pay 100 % against PI,and sale is not yet done or booked (sale invoice), in this case can company still continue capitalsing expenses? And at exactly what stage company should stop capitalising R & D expenses i.e. when received PO, company raises PI, received money from customer, raises sales invoice or when actual sales, please guide