Respected Experts, we are footwear manufacturer & are selling to M/s Reliance Industries. We dispatch material to M/s Reliance through their own arranged vehicles, during quality checking of material they reject 2-3 Cartons in every consignment by acknowledging 98 Cartons (100 - 2 Rejected).

Total quantity of rejected cartons are around 40 Cartons, but we have only GRN copy but we have only GRN copy and they mentioned "Total Cartons" "Recd. Cartons" "Short Cartons". Now they advised us to pick this material. And we are planning to lift this material with the help of below docs :-
1) Delivery challan - We are both consignor & consignee
2) E-way bill
3) Self certified copy of GRN
4) Certificate on letter mentioning :- Original Inv. No., Dtd. Value, Carton & Rejected Carton.

Kindly suggest us that the above docs are sufficient or any other way to return back this material.

Regards,

Rakesh Sharma

Hi,

1. If purpose of company to invest in chit fund is for obtaining fund for business purpose then while making subscription payment every month whether such payment will be treated as Investment or posted in current assets?

2. Any dividend received is adjusted again chit fund account or posted under profit & loss account?

Thank You

whether GST applicable on
Deposit/Security Deposit
or
Advances received

What are differences between Advances and prepaid.

Dear,
I want to know whether tcs on sale of goods and tds on purchase of goods section are still applicable or not? because some taxpayers are saying that both these sections have been withdrawn by the government so please update by doing?

In one of my case in income tax portal the ITR filed status showing 'ITR filed is defective' or incomplete, no email is received in this regard, I couldn't understood the reason for defect

kindly, guide me in this regard, what should I need to do

any one can help to understand TDS schedule form 16A for ay 2022-23
pan and aadhar number of whom need to mention(no spouse entry)

we forget to take one bill for the month of Aug 21 in GSTR 1 of August 21. Can we show this bill in GSTR 1 of May 22 ???. Recepient can take ITC of the above bill now ??( because recepient can take ITC upto the due date of furnishing return for the month of sep 22).

I am a Non-Resident. I inherited a very small no of shares from my late Resident mother in 2005 and the transfer in my name was completed in 2006. I have been living abroad since before she passed away. The shares are still in Physical form and not dematted. Hence I never sold them and still have them.

Being abroad I was unaware until now that these unlisted shares have to be reported on my India ITR. I have filed timely ITRs each year from 2005 to get back TDS on my NRO account, but have not entered the share details due to my lack of awareness of this requirement. The shares used to be listed on the Calcutta Stock Exchange (CSE) till 2013 when the stock exchange ceased activity.

So I have 4 questions. 1) Are these shares to be treated as unlisted even though technically they were listed on the CSE but the Exchange is now non-functional? 2) If yes, in order to correct my error, do I file an Updated or Revised Return and for how many years back can I do this correction? 3) How many years ago did this reporting rule for unlisted shares come into being? 4) Since I do not know how much my mother purchased each share for, what would I enter as the Acquisition Price in the ITR?

Thank you in advance

Dear Sir / Madam,

" Reporting of Wrong Amount at the time of Filing GSTR-3B for the Jan to Mar 2022 actual taxable value is Rs 10,45,177.58, however, due to inadvertence the taxable value entered in GSTR-3B for the Jan to March 2022 as Rs 11,70,00, 396.59, however correctly reporting GSTR-1 i.e. Rs 11,70,396.59 Filed on dated 12th April 2022 and I also further confirm that all the tax amount entered correctly " Kindly guide me regarding this