Sir,
Sec 44ada it assessess cash loans from creditor and cash loan to debtors ledger balance amount show in books as on dt: 31-03-22.
Cash loan from creditor (son) balance amount rs:10 lacs
Cash loan to debtors (daughter) balance amount rs:15 lacs.
Question:
Assessess cash loans from creditor rs:10 lacs amount transferred to cash loan to debtor account adjustment entry passed in books accepted in it act f.y.22-23.

How to do GL scrutiny for Accounts receivable in SAP

WHAT IF I CASH DEPOSIT MORE THAN 10 LAKH IN SAVING ACCOUNT in a year
in small deposits in different dates below 1 lakh each . can I get incometax notice ?

I have to do a project of Accounts in which I have to make a sum with transactions of a company and solve it. For more information please check cbse website accountancy project class 12 . But please please please please please please please help me🙏

Mr.A has contract income of Rs.16 lakhs for the financial year 2021-22. He has interest and remuneration total of Rs. 13.25 lakhs. The aggregate total including interest and remuneration exceeds 20 lakhs limit of GST. Whether Mr. A is liable for GST registration or not ?

Hi Expert,

Our company is food and restaurant based company, at the time accounting the sales made through Swiggy and zomato we debit the Swiggy and zomato, as on March 31st, 2022 their is Swiggy and zomato balance under trade receivables.

So for the purpose of calculating the trade receivables turnover ratio can we consider these sales made during the year through Swiggy and zomato as credit sales.

If not is it correct to disclose the Swiggy and zomato balance under trade receivables?

Please suggest I'm stuck with the point

A director of a Pvt. Ltd. Company received the shares as gift from his mother. While giving information of shares acquired during the year in General information part A of ITR 3 of the director- there is no column to give such information. There are columns such as issue price of the shares in case of fresh issue of shares and purchase price when the shares are purchased from existing shareholders, but not about gift from mother. How to show the information about the gift of shaers in ITR 3

Is GST levy under RCM if Registered dealer person Purchase scrap on Auction by Police Station ?
Pls. answer

Thanks & Regards

We have purchase a software for HRMS solution, like for employee attendance, salary calculation and generating Pay Slips.
But the they were failed to implement software as per our requirement, and agreed refund the advance amount.

So my question is, what should be the next process for refund ? should I raise raise debit note and after receiving my debit note they will raise credit note or no need to raise debit note, and they will directly issue credit note and refund the amount ?

Directors existence is different from company..company has a separate legal entity...then how the Director's personal finances growth with the company...like Reliance..
Whether they keep remuneration on the basis of that? Like if turnover of a company is 250 crores and Rs.15 lakh per month as Directors'remuneration is decided?
Or there are any otherway of retrieving funds from company?