Hi,

Inventories are assets:
(a) held for sale in the ordinary course of business;
(b) in the process of production for such sale;or
(c) in the form of materials or supplies to be consumed in the production process or in the rendering of services.

Does packing materials such as LDPE and HDPE covers should we maintain inventory details and shown as closing stock?

Sir, I am working in a Service organization, a client deposited money into our company account for paying his fees through our account. Actually, it is not our income. How to account for this transaction in tally

Sir/Mam,

TIS or AIS showing SFT06 Mutual funds Value 1,50,000/- on sale how to calculate this amount of tax in computation. in which head what is the tax rate.

Plz explain mutual funds procedure

Thanking you

Dear Experts,
1 A GST registered person purcashed the certin number of cement bags from unregistered supplier along with other building construction materials for their office builging renovation work.
2 Whether this registered person needs to discharge his GST liability under RCM or not?
3 Pls clarify

Hi, I am Rashmi Pathak, from Jorhat, Assam. I want to know a good coaching centre for CSEET classes. I know about Agarwal Coaching Centre which provides classes for CSEET. any other coaching institute?

Hello everyone , I have just passed class XII. I want to know a good coaching institute in Guwahati, Assam for CA Foundation Offline classes.
So far in my knowledge , I heard a lot about Agarwal Coaching Centre.

I have doubt Regarding the whether such above mentioned Services Provided by Linkedin to Indian Firm is chargeable to tax in India or not in India to Linkedin??? Or whether Equalisation levy is applicable on payment basis or Credit basis for the above mentioned Services???

If a husband gifts flat to his wife, it will be shown in exempt income but under which section and how much amount. The gift deed was created and stamp duty was paid.
Please help

Booked capital gain loss of Rs 1 Lakh in 2022-23
This year capital gain profit is Rs 90000/- 2023-24
Now carryforward loss is Rs 10000/-
Since Gain is less than Rs 1 lakh, Is it possible to carryforward capital loss of 1 lakh to next year without adjusting with this year gain?

any free software for filing one return having business and capital gain income ?