Hello, I had an doubt regarding when the vendors quotation's are to be included in the pnl account. We are interior designers who also undertakes civil work and for the same we hire vendors ( labour basis) temporary to get the particular work done. Now we take advances from the client and aslo provide further advances to vendors to get the work done. Labours are direct expense for us. Many a times we receives the quotation before they starts with the work. So when should I add those expenses to COGs/ direct expenses?

1. HOW MUCH LIMIT OF CASH RECEIVED ON NATURE OF LOAN REPAYMENT, DEPOSITS FOR A CO-OP. SOCIETY IN A DAY AND ALSO IN A YEAR BY A SINGLE PERSON OF SINGLE TRANSACTION.

2. HOW MUCH LIMIT OF CASH WITHDRAWN FROM BANK IN A DAY AND ALSO IN A YEAR

Dear Sir/Madam,

Accounting entries when ROTDEP received and sale of RODTEP at discount price
thanks in advance

i have received 1lakh for 10 months, i.e. 10lakh as advance for goods, but due to some reason i don't want to deliver goods and refund the payment received, i have paid GST on 10lakh (advance amount),so how can i receive that gst back, so that i can utilize it in some other sales.

Dear Experts,

While filing ITR for an Individual who is having both Business and Salary Income.

We have included the Interest from PF Account as - Interest from Other Sources

Since the interest is below the threshold limit (ie 2.5 Lakhs) please advise where to Claim the corresponding Exemption in ITR

Dear Sirs : One of my client manufacturing (RCM) Redymade Concrete Mixture for supply to constructions sites. He wishes to buy Transit Mixture ( modified ten wheel barrel truck) . My query is "can he claim INPUT CREDIT OF GST in his returns for purchase of these capital Goods" ... Regards

Hi,
I'm working for a foreign company based in Finland and receiving salary to my Indian Bank. I'm a Indian resident. I didn't pay any tax to the particular foreign country - Finland.
I'm confused with ITR 2 - Schedule FA vs FSI

Should I need to fill both?
Can I get 50000 std deduction?

My tax auditor saying i won't get 50000 deduction b/c my company is not registered in India. And he is not giving importance to schedule fsi! He is filling only schedule FA in some software!

Hi All,
Is there any exemption from enrollment in professional tax in Tripura State by employers for paying professional tax on behalf of employees.

My client is filing an appeal to the cgst office of central excise. It has to be filed offline only as online appeal filing is not enabled. I want to know how the 10% of disputed tax is to be paid. Can i pay under the heads of cgst tax,sgsttax,penalty and interest? There is no column for thepayment of appeal disputed tax. Will the experts kindly throw some light on this issue please...

Hi,
Suppose i had given declaration for opted New tax regime or Old Tax regime while joining the company, and company has calculated my income tax on same basis and deducted TDS.
Hence when filing my ITR can I change the regime which i had declare in company.

Please suggest.
Thanks