Sir,
We have 2 bank accounts which are listed below.
1) HDFC Bank A/c ….1611 for normal day-to-day operations.
2) UBI A/c …..31260 (Rera designated account wherein 70% of the amount realized for the real estate project from the allottees to kept & utilized to cover the construction cost)


Can we deposit 100% of advances /amounts received from customers against Units to be sold/sold, in HDFC Bank, out of which 70% of the proceeds will be utilized to meet construction purposes & the remaining 30% will be utilized for day-to-day operations.?
Please advise.

1) We’re paying in USD via Credit Cards towards purchase of services like Server Hosting/Linkedin towards business usage. Shall we deduct TDS u/s 195, if yes at what Percentage we’ve to deduct (PAN is not available) and is there any supporting clause which mentions not to deduct TDS? 2) Payments were already made without deducting TDS, Whether to grossup for deduction of tax if TDS has to be deducted?

Dear Sir,

How much salary a person can expect who is a CA working in Treasury department from the past 3 years earning salary of Rs. 11 lacs p.a and has now recently cleared CFA Level 1.

Please advise on this matter.

Regards,
Divyesh Jain

What is the Journal entry for Reversal of Input Tax credit ?.

Your Return for A.Y. 2021-22 has been processed.
There is no payment due.

I got a mail and attachment is this
Do i need to do anything?

Dear Expert,

A small firm having annual turnover of Rs.6,50,000.00 for the year 2020-21, due to less turnover the firm was in losses.. My doubt was whether there is any tax audit required to show the loss in ITR.. Kindly confirm

hello everyone

i am selling products through amazon.

while delivering order the bill that is sent to buyer includes product charges and shipping charges ,adding gst to both of them.

while filing gst return besides product sale am i required to take shipping charges as well as my sales or not.

we are collecting gst @18% on both shipping charges and product as well.

amazon takes shipping charges back while charging its commision as well whose input is also available to us

Sir,
Our management providing cash to us for maintaining the daily expenditures like purchasing the nut bolts etc...
But the management transfering the amount to my bank account.
How can I show the expenditures in my company books.
Please suggest me the entries.

Hello everyone,
I'm planning to restart my ipcc (pcc) course after 10 yrs, I complete my article training and I got my revalidate done in Jan 2022. I have some query plz solve it, do help me....coz from a long time I m not in touch ...so ...pls

My Query is : 1) Do I have to get registered in the new syllabus for the May exam?
2) I do not have any material for studies, so should I buy material from the institute or from somewhere outside?
3) I have already done by ITT training in 2011, Do I have to give orientation program also.
4) can i eligible for may exam & some study suggestion please.
Thanks

Sir,
A small business person
Sales turnover rs:10 lacs from 01-04-20 to 31-08-20 (gst before registered turnover)
Sales turnover rs:25 lacs from 01-09-20 to 31-03-21 (after gst registered turnover)
Total sales turnover rs:35 lacs in f.y.20-21.
Question:
1.Sales turnover declared in it returns rs:25 lacs or rs:35 lacs.
2.dealer rs:35 lacs sales turnover declared gst registered before sales turnover show procedure in gst returns f.y.20-21.