It Assess unsecured loan and cash loan to debtor outstanding balance as on 31-03-20 show in books
Unsecured loan balance Rs:4 lacs
Cash loan to debtor Rs:5 lacs.
Assess unsecured loan Rs: 4 lacs balance transfer to cash loan to debtor account adjustment Contra accounting entries passed in f.y.20-21.
2.difference amount Rs:1 lacs cash receipts from cash loan to debtor
Question:
Assess above adjustment entries passed allowed in it act.

Is there any lock in period for maturity of single premium insurance policies ? Will it be taxable after seven years of payment of the premiums/ An the TDS on receipt be used for liability on other source of income ?

sir/ madam

we are getting order from overseas buyer , but buyer instructed to send goods to third party in india. payment only buyer will pay. how to raise invoice, E-way bill to third party and impact of GST. how to get payment through bank without export.

i am looking forward your reply .
thanks

There is no GST for layer farm eggs. Is it mandatory to register GST and file monthly return if the turnover is above 200 lakhs per annum

Pls give me any client i want sell my company

Dear Sir

We are Paying CRM Software Annual Subscription & Member Mobile Apps Subscription so, please request you to give me a suggestion TDS applicable or not , if applicable what is %.

What is the taxability of single premium life insurance policies? is there any lock in period after which the policy is tax free/ or iare all the policies are tax free on maturity or pre mature receipts of on surrender value ?

Our one of client import of goods for home consumption (Resale purpose) through FEDEX COURIER AGENCY and paid IGST on total imports. and that IGST paid details not shown under GSTR-2A form under PART D Import of goods from overseas on bill of entry. Query is that he can take ITC against of igst paid?

we cant give loan to LLP as per section 185(1). can we give loan to LLP under section 185(2)?

One of my client purchased a flat for Rs.50.00 lac and deducted 1% TDS u/s.194IA and deposited the same to the Central Govt. a/c. The 26AS form of my client shows the Total TDS deposited 50,000/- and Total Amount Deposited Other than TDS Rs. 35,050/-. I think, the refund claim against TDS of 50,000/- will be of Seller. But I could not understand " Total Amount Deposited Other than TDS Rs. 35,050/. Please guide me.