Hi Sir/Ma'am,
I have some questions regarding stock valuation at the end of the year.
1.Why do we add direct expenditures in closing stock valuation? Like Fabrication, Scaffolding Exp. etc.
2.Should I book unbilled revenue for the work already done till march for which bill were raised in April next year or i should simply show it in WIP and does not book unbilled revenue?

Dear Experts, Our company has paid advance tax for AY24-25, under minor head 500- others instead of 100- advance tax. So how to rectify minor code and also let us know if code not changed then what will be consequences? This tax paid online therefore bank is not taking any responsibility. What is the solution?

Can the property in the name of individual partners be used by the partnership firm? whether any lease deed between the partners and the firm is required in such as case? what might be the tax implications in this regard?

Thanks in Advance

Foreign Collaborators held shares of Indian Private Limited Company. having 40% stake. Suppose, the group company purchased / acquired these shares. What will be tax implications from seller (Collaborators) and Purchasing company point of view. Kindly advise us with necessary sections under India income tax law.

FEES PAID TO FOREIGN CONSULTANT FOR RENDERING SERVICES ON PROJECT WHICH IS SITUATED OUTSIDE INDIA .
INCOME FROM THE PROJECT WOULD BE GENERATED OUTSIDE INDIA
THE FOREIGN CONSULTANT IN NON RESIDENT IN INDIA
HE IS A FOREIGN CITIZEN
AS PER SECTION 9 (vii)
(vii) income by way of fees for technical services payable by—

(a) the Government ; or

(b) a person who is a resident, except where the fees are payable in respect of services utilised in a business or profession carried on by such person outside India or for the purposes of making or earning any income from any source outside India ; or

(c) a person who is a non-resident, where the fees are payable in respect of services utilised in a business or profession carried on by such person in India or for the purposes of making or earning any income from any source in India :
CAN THIS CASE BE COVERED UNDER CLAUSE B
ALSO IF IT IS NOT DEEMED TO ACRUE OR ARISE IN INDIA THEN NOT TAXABLE
THEN FURTHER DO WE NEED TO LOOK INTO DTAA
ALSO IF NOT TAXABLE AS PER INCOME TAX WE CAN CLAIM THE RATE OF TDS AS ZERO AND ISSUE FORM NO 15CB

SIR,

HOW TO MAINTAIN BOOKS OF ACCOUNTS IF I AM TAKEN INPUT CREDIT FROM GSTR -2B . Then what will be the provision entry of the bill for the month of March,2023 & TDS also deduct form this bill also. which input credit taken into account GSTR 2B OR GSTR 3B for the month of March.

Question 1:
can CS in whole time employment give consultancy to any person and take consultancy fees ?
can CS raise invoice of consultancy fees ?

Question 2:
I had purchased one electrical plug from shopkeeper of ₹100 , when I asked for GST bill , he told me to give 18% GST on ₹100, it means products are coming without bill from manufacturer and also sold by shopkeeper without bill to customer ? why government is not able to stop this malpractice ?

Assessee sold house proprty for year 2022-2023 for Rs.80,00,000/-. Land purchased on 2003 for Rs.4,00,000 and construciton made for Rs.40,00,000 duirng the year 2021-2022. Whether byfirgation should be made for lonterm capitalgains held on land cost and shorterm capital gains to be calculated on cost of construciton, which was held in 2021-2022. How to calculate

Hi,

Can anyone please tell
If a CA is a partner in a partnership firm and is a proprietor in his/her own CA firm, having his/her office in his/her father's house (where the same is residing as well). To fulfill the KYM requirement, what document can be provided? If rent agreement to be created (Between father and son/daughter), in whose name it should be created (in the partnership's firm name or own firm name)?
Also, can anyone provide the format of the same?

Thanks & Regards
Meenakshi S

dealer didnt pay supplier in 180 days so i reversed its itc @18% in past.

in april 22, dealer paid off supplier (which I came to know now in june 23).

so how to re-claim this april 22 itc?

my idea--> dealer can file may 2023 3b reclaiming itc on payment in april 22 to supplier ? there is no time limit in reclaiming itc in 180 days matter, right?