Audit is done under Clause
Audit Clause 44AB(e): Audit if Assesee claimed Income less than Deemed
income u/s 44AD

While Filling ITR the Option is
Whether assessee is declaring income only under section 44AE/44AB/44BB/44AD/44ADA/44BBA/44BBB

then What Should be Select YES or NO ??

FOR THE ASSESSMENT YEAR 2023-24 WE ARE FILING 3CB-3CD INSTEAD OF 3CA-3CD.CAN WE FILE 3CA-3CD AS REVISE RETURN? WHAT SHOULD I DO?

Sir, I am a Director of a Private Limited Company. Recently we purchased few Compnay required items from Alibaba.com. We used the Imp /Ex Code of the Company. I used my personal Credit Card to make a pmt of about US$ 3250. To complete the transaction with my Bank I have provided all the required details like Invoice, Payment , Delivery, etc to the Bank. They are not closing the transaction stating that Director Cannot make payment on behalf of the Company. Please advise.

1) Hardware such as Paints, Nut & Bolts, Spanners, etc purchased under GST comes under which head in purchase ? Direct Purchase Or Indirect expense

2) Purchase of Gloves, Face Shield, Safety Shoes, etc for factory workers safety during the manufacturing process then which expense head should be debited ?
Direct Purchase or Indirect expense

3) Testing / Lab Charges for material under which head ?

4) Tools & equipments purchased for work use under which head ?
Direct Purchase / Fixed Assets?

5)Bonus & leave Encashment is a direct or indirect expense while paying to factory workers ?

I do P2P transaction in Huobi platform. But to make payment I'm using savings bank account. And also to receive the payment I'm using the same bank account. As per RBI rule I can make deposit of 10 lakh per financial year. I want to do 1 lakh transaction per day. What is the solution.

Hardware such as Paints, Nut & Bolts, Spanners, etc purchased under GST comes under which head in purchase ?

Direct Purchase Or indirect expense

GST portal is unable to catch pan creation date which is mandatory field and auto filed.cbic and gst officer is silent on this issue.... So what can i do next ??

Hello,

We are manufacturer & if we purchase Gloves, Face Shield, Safety Shoes, etc for factory workers' safety during the manufacturing process then which expense head should be debited ?

Pls. Help

Dear Experts
HSN wise summry of outward and inward supply is not mandatory in GSTR-9 in the year 2017-18 to 2021-22. My qurey is, Can assessing authority demand the HSN wise summry during the Assesment for said year cases under scrutiny case. if not , kindly provide the any reference or notification etc. thanks

Read more at: https://www.caclubindia.com/experts/hsn-wise-summry-of-inward-and-outward-summry-2912214.asp

what is rounding rule of Profit and loss account and balance sheet according to Scheduled III.