Dear All,

I have a question relating to closing stock valuation as on 31st March.
Suppose I have 1,000 units of closing as per records of books of accounts, but i in physical verification we get to only 990 is lying in the stock.
there is a difference of 10 units as on 31st march.
Question : what is the treatment for 10 units in the books of accounts as on 31st March...Please help me out...

DEPARTMENT HAS NOT GIVEN DEDUCTION U/S 80TTA AND CREATED A DEMAND. I HAVE FILED RECTIFICATION REQUEST U/S 154 ON PORTAL SELECTING THE OPTION REPROCESS THE RETURN. NOW IN RESPONSE OF DEMAND WHICH OPTION SHOULD I CHOOSE IS IT A RECTIFICATION FILED WITH A.O ?????

I FORGOT TO TAKE HP INCOME ON WHICH TDS IS DEDUCTED. HENCE DEMAND RAISED BY DEPARTMENT. NOW I HAD PAID DEMAND WIYHOUT CONSIDERING TDS AMOUNT AND WITHOUT REVISING RETURN .IALSO CONFIRMED THE DEMAND. WHAT SHOULD I DO NOW??????

Dear Sir,
We had purchased plant and machinery for our factory on 01/04/2015. At that time ,we had applied for govt. subsidy.

Now In 28/11/2018 we had received govt. government subsidy of Rs 15 lakhs.
What will be the accounting treatment for subsidy of Rs 15lakhs in books of account. Whether entire amount of Rs 15 lakhs is taxable.

Dear Experts,

Doubt regarding whether liable to rise CGST bill or IGST bill "Person provides rent of immovable property services. Here property located in Assam but supplier haven't registration in Assam but have in Bihar." Here place of supply is Assam as per section 12(3). Please clarify my doubt about whether supplier can raise directly IGST bill from Bihar or should be mandatory to register in Assam and raise bill with CGST and SGST?
Kindly answer the tricky question..!?

we received non corpus and corpus donations of the Trust. 15% of income to be carry forward from non corpus donation after deduction ,we spend expenses more then the income. How to do the computation as per IT Act (it is registered u/s 1 2A of the IT Act) . In ITR-7 we have received 143(1)(a) in that " you are claimed more than the income offered in Sl.No.2". In this return Amount applied to charitable purpose in India during the previous year is more then the income. How to disclose in ITR-7. Please suggest me sir

Dear Sir
I am going to start Hotel work . and we purchase TV , Geyser, AC, Furniture, electrical Fitting , Sanitary Fitting , Phone, Linen, Bed Sheet, Cloth, Towel,Lift, Flooring , Fridge, Kitchen Equipment Etc

Now , Can I Take GST Input on that Purchase.

Please suggest

Thanks

As far s the financial year, 2017-18, is concerned, the amount of TDS, deducted, from the rent payment, is Rs. 160000.00.
But, on the Income Tax website, the TDS, credited is Rs. 133395.00.
Also it is possible that if we donot pay the TDS and pay directly to the Flat owner.
So I request you to please look in the matter and reply.
Thanks & Regards

Capital assets (machinery) transferred to partner by firm at the time of dissolution where one partner is taken over all the assets of firm.
Is there any tax liability arises on firm ?

Dear Experts

If trader are purchased locally within Maharashtra and direct supply to customer located out of Maharashtra without taking delivery his warehouse . Is it Allowed

Eg. Trader's Whorehouse at taloja and purchase material from factory located at Nashik after taking delivery the said goods directly supply tho his customer located at MP.

Can trader take delivery at Nashik ex factory and directly supply to customer located @ MP without taking devilry in his whorehouse.

Regards
Guru