dear sir

In a year how much cash we have deposit in Saving account ?

My annual income is less then 250000/- i got the salary Cash mode

Please advise

Dear sir

Please suggest in which Group we create the ledger Shrre Ganesh Je Maharaja Rs.1.25/-

Sir,

We purchased a car during F.Y-2017-18 for Rs. 14,00,000/- (approx). After completion of the year the depreciated value of the car is Rs.13,05,000/- (As per Company act) in books during F.Y. 2018-19. This car stolen during the first quarter of F.Y. 2018-19 and we claimed insurance. We got the claim during 3rd quarter of F.Y.2018-19 for Rs. 14,00,000/- (full value of the vehicle). We adjusted the book entry by reducing the depreciated amount from gross block against insurance claim. Apparently, during finalization of F.Y.2018-19, we reduced the excess amount of insurance claim received ( 1400000-1305000=95000/-) from our taxable income along with Dep. as per Income tax. But CPC added back this amount to our taxable income and calculated tax on it in our Intimation u/s. 143(1).

Please clarify how to rectify this.

Thanks

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

From 14.05.2020 TDS rates has been reduced by 25%. My doubt is If I received a invoice dt 12.02.2020 on 23.05.2020.
And I will book the expenses on 23.05.2020 only, now which rate I should consider either old rate or new rate.

Kindly clarify....

Hi,

Sale by SEZ unit to 100% EOU:

1. Is custom duty chargeable?, and if chargeable can 100% EOU can take ITC in GST or consider as expenses?

2. Is IGST applicable?

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