We generally dont accept any expenditure in cash if it exceeds 10,000 my doubt is there is something called credit card sales, where goods are sold to customer by accepting their credit cards , upto receipt of cash its an expenditure for us , so my doubt is is this expenditure comes under net of this section 40A(3) please clarify!!!

I got sum of RS.8300000/- from land acquisition by govt. I did the FD in nationalised bank. Bank is denying to accept 15g.. Please guide us

I have a travel company audit, the company does not have any inventory nor any fixed assets , would like to know whether the financial statement require disclosure of inventory and property plant and equipment.

Have read that disclosure is required only of the accounting policies used in the preparation of financial statement

Please guide me

Dear Experts,

Individual have GST registered Person and he is also partner of Partnership Firm.

He is Business Income and also Remuneration from the Partnership Firm at the end of FY.

Now my question is does he is liable to pay GST on Remuneration ?

Thanks & Regards

There was a long drawn dispute with respect to the getting possession of structure build on the land own by a landlord. Landlord claiming the possession whereas tenant asking compensation for the vacating the same. Out of court settlement arrived at and the compensation paid by Landlord to tenant.
Question is Compensation paid to be treated as Capital Expenditure or Revenue Expenditure in Books of Landlord?

I applied for membership & COP and same has been approved by the ICAI and currently my COP status is active (Full Time). I applied for firm name approval by filing Form No. 117 on 19/09/2019 and same has been rejected by the ICAI due to firm name not match with my name and I again file Form No. 117 with correction in firm name now my query is can do the Income Tax Audit because of my COP status is active (Full Time) ???

Respected Sir,
Due to my ignorance I have not furnished my Mobile Currency business Sales and Purchase, I mean not shown outward supplies (Rs.9168263.00 Taxable Value + 18% ) and not availed ITC (Rs.1650287-18%) for the whole a.y. 17-18, and now suppose i attempt GSTR 9, ITC will lapse, in this case what about outward supplies liability? because I have collected GST from my debtors, its my blunder because I misunderstood that it's commission based business...how its to be correct in GSTR 9 please guide..

Hello Experts,

We received a certificate from a chartered accountant. Thorugh the certificate is signed by the chartered accountant, the annexures of the certificates (5 annexures) are not signed by the CA (but his firm's stamp/seal is affixed in the annexures). When we asked he replied, it is a common practice to sign only the certificate and the annexures need not be signed.

Is this a common practice or should we insist his signature in the annexues too? It is an important certificate to be submitted to government.

- AngelA

dear
experts iw would like inform you that, iam accountant for a sales agencies particular product its registered under gst. we have branch in another place of other dist of same product.
we are moved stock to our branch .
my request your good office shall i make e way bill. suppose could make e way bill what head selected in eway portal . my goods taxable value of rs. 87398 under 18% gst
thanking you
by kaja

How to file eform for DIR-3 kyc details for FY 2019-20