Bonus paid to few employees in cash more than Rs. 10,000 in Diwali .
How to make entry in cash , AS per section 40A says that more than 10,000 can not be paid in cash,

Hot to make provision for Depreciation and transferred to profit and loss account.

Hi Sirs,
I will be selling my property which is in my name for around 50L and the entire amount will be gifting to
my married daughter for her to start a clinic or for her long term investment.
Kindly advise
(1) what would be my capital gain in this case(I bought the property in 2000 and spend a total
amount of 25L)
(2)My daughter's (who is a Doctor) tax liability even if I give through Gift deed.

Thanks for your kind advise.

Dear Sir,

Greetings!

I have been associates with one of the Education Institute. One of donors inform that he is director in his company and he wants to donation some amount u/s 80G. He will issue the cheque from his personal account however, he provided his company PAN no and suggested to record the donation in favour of his Company and donation receipt should be issued in favour of his company.
My quary is whether
donation receipt be issued in favour of Company although the cheque is given by director from his personal account.
What is Income Tax Rules says about recording of donation u/s 80G. i.e. donation receipt should prepare as per name given in cheque or name given in PAN No.

Should Institution take any declaration from the donor in case of receipt issued in his Company name although the cheque issued from personal account.

I seek valuable feedback from the experts..

Regards

Sir.
During Oct return I just checked 2A, it found that cetain transaction input not come Oct return. While checking it found that it is related to hotel bill . It is igst .
My doubts is it automatically removed from 3B, because this input not eligible for Itc
One more Is it happen due to IMS .
I have not done any update in IMS. Here we can see IMS details.
Please advise

How many years of purchase should we assume for calculation of goodwill by super profit method if question doesn't specify us anywhere?

I HAVE PURCHASE GOODS BUT I NOT PAID AMOUNT IN 180 DAYS DUE TO POOR QUALITY OF GOODS ALSO I NOT REVERSE THE INPUT BY MISTAKE.PLEASE ADVICE ME WHAT WILL BE FINE OR PENALTY?

Sir,
We had an export sale of Rs. 1 crore, and the customer subsequently became insolvent. We filed a claim with ECGC and received Rs. 80 lakhs as compensation, resulting in a financial loss of Rs. 20 lakhs.

Our query is as follows:
Are we required to reverse the Input Tax Credit (ITC) claimed on raw materials used in manufacturing the goods for export, corresponding to the loss of Rs. 20 lakhs?
How does this situation affect GST compliance, and what is the reversal impact, if any, under GST law?
We seek clarification on the appropriate treatment of ITC and GST in this scenario.

Dear Sir, I have a case where which was appealed in the first appeals challenging the constitutional validity of the notification issued ie. before the Commissioner Appeals, but I lost the case as the appellate authority has not considered, hence, now can I go directly to the High Court ie. Writ Jurisdiction/Writ Court, while by passing the Tribunal which is supposed to be the next forum to go. kindly advice.

Read more at: https://www.lawyersclubindia.com/experts/certain-clarification--763616.asp

As per GSTR 1 of October 24 GST payable liability is as follows
IGST Rs.45,909/- CGST & SGST each Rs.50,583/-
ITC credit balance i.e. c/f till Oct 24 and of Oct 24 is
IGST Rs.NIL CGST Rs.15,679/- SGST Rs.19,19,852/- Cess Rs.2,24,221/-
Portal while filing GSTR 3B is creating demand of Rs.50,583/- towards CGST
My question is can the itc credit lying in SGST be utilized against CGST liability
also what is the procedure which forms need to be filed ?