Dear Sir,

We have manufacturing related to metal products (Single raw material ) and metal prices regularly up and down.
we generally valuation of our inventory on last month average price of our raw material.

We have a order of export @ 700 per kg , this material billed to customer on 700 per kg but due to unavoidable circumstances export order postponed to after 1 months in apr -22.

hence my inventory level up by this order and my last month average rate of raw material is 800/-
total inventory we have 50 M.Ton out of this 15 M.T stock related to export order.

so kindly guide us can we valuation of my export order stock on 700 per kg and for remaining stock on 800/- per kg

because if we are not doing this my profits will go very high.

kindly guide us thanking you .

TDS on sale of immovable property is deductible u/s 194-IA.
Are these provisions applicable for purchase of property by way of allotments made by HUDA through e-auction /otherwise?
Can payment to HUDA be exempt from TDS provisions u/s 196?

HELLO
WE HAVE FILED ITR 4 (PRESUMPTIVE BASIS) FOR OUR PARTNERSHIP FIRM.
WHICH ITR FORM SHALL BE USED FOR FILING ITR OF PARTNERS.
ITR 3 OR 4

Sir / Mam
Audit Trail means what?
Is it Compulsory from 01-04-2022?

Plz explain me
Thanks in adv

Can we file revised return for AY 2021-22 under new tax regime (115BAC) if the original return u/s 139(1) was filed under old tax regime

If i am paying rent including maintenance charges then i have to deduct tds under 194I and 194C also?

Dear Sir,

Recently i joined to the new group of companies. Here 12 companies accounts are maintained.
But in all the companies Input GST kept under Direct Expenses and Output GST under Direct Income.
Actually Input and output both will come under Duties and Taxes.
which is the right way to maintain. here they telling as per CA requirements all are maintaining keep as it is.

Thanks in advance

Sowmya K S

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Dear All,

Incentives given to employee in cash or in kind should be included in which Account head, should it be included in salary of employee or should it be included in separate head i.e., Incentives to employees.

Thanking you

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