DEAR SIR,

AMOUNT OF RS. 8880/- ONE CHEQUE RECEIVED FROM OUR CUSTOMER NOW WE HAVE NOT ISSUED A SALE BILL FOR THAT AMOUNT. WE ARE TRADING EXEMPTED GOODS. NOW QUERY IN THIS REGARD HOW CAN TREAT THIS AMOUNT WHETHER TRANSFERRED TO PROFIT AND LOSS A/C AS INDIRECT INCOME OR SUSPENSE ACCOUNT. BECAUSE SUSPENSE ACCOUNT IS NOT POSSIBLE BECAUSE WE KNOW THE CUSTOMER BUT NOT ISSUED ANY DOCUMENT FOR THAT AMOUNT

PLEASE CLARIFY ME,

REGARDS

Can anyone please tell me what are the benefits for listed company and their losses ?
For Employees Points of View .
For company point of view .
for society point of view
for government point of view
for whole country point of view

Dear Sir,

I purchased some materials in the earlier month of this calender year and have already taken the GST input against that purchase while filling the return. But due this pandemic and lockdown and closure of establishments the material got expired. The same can't to be sold.

But as mentioned above already taken the input for the same. What will the course of action in this case. Please reply.

Thanking you,

Dependably yours

I am a salaried person and i have already paid advance tax on my salary.
Now when i calcuulated the tds liability on my salary income , i have calculated after deducting advance tax amount from it.
When i filed tds return of my company , it is showing short deduction on my income and there is no provision to fill advance tax details in tds return..

Please guide me.

Dear Sir,

I forgot to taken into consideration the insurance premium paid for my wife amounting to Rs. 12,270 in my IT return for the FY 18-19. I have paid taxes for that period.

Please suggest is there any way of taken into the same in the FY 19-20. Or should I need to revised return. Because the present situation is very worst in terms of income and all.

Thank you,

Dependably yours

HELLO SIR,
I HAVE 9200000 TURNOVER AND I WOULD SHOW MY PROFIT ONLY 10000 , SO I GO THREW TAX AUDIT OR NOT?

Hello sir, I applied for GST registration dated 17.04.2020. and ARN number generated , but still today dated 25.05.2020 status is pending for processing.What can I do?

Dear Sirs,

We have taken a loan from NBFC. As the lending institutions have been permitted to allow a moratorium of three months due to COVID 19, our lender has amortised the interest payable for Mar20 to Jun20. The Interest portion is added to the outstanding loan amount.

My query is:
1. What accounting entry should be passed.
2. Whether TDS is applicable in Interest portion. The lender had added the total Interest to loan outstanding.

Kindly advice.

Please suggest now is this require to surrender Central Excise & Service Tax RC for closing of factory.

Thanks & regards,
Munisami.G

Hi All

Now government of India reduced PF from 12% to 10% for both employer and employee.

My question is 2% of employer and 2% of employee saving amount should be credited to employee bank account every month.

And another question is in our PF account 2% employer and 2% employee this 4% government will credit the PF account to become 24% means Indian Government helping us 4% for three months May, June and July 2020

Thanking you
Amruth Kumar