Any one suggest me how to read income tax Act and the rule in simple method. Any summary for the act and the rule available in simple method.

Sir,
A gst registered regular scheme dealer sales of computers and spares business .if a dealer sales to customer goods computer, cpu, monitor, keyboard,mouse at a time transactions treated mixed or normal supplies and which tax rate applicable in gst act.

Dear Sir,

Suppose we get an electricity bill dated 8th April 2021 of our office for the period 07/03/2021 to 06/04/21. How should we pass this entry into our books of accounts ? Whether it should be divided into expenses payable / prior period expense or should we enter as current year expenses.

Look forward for your advice.

With best regards,

Vijay

when discount received from party

then why debited the party account
example
by party
to discount received

why not credit the party account

My client dealt in Futures and Options and the sales volume was Rs 5 crore. But he only earned losses. Is his accounts to be audited u/s 44 AB?
Can the experts throw light on this please

I have purchased goods from supplier, and returned some of the defective goods back to him. Hence he has issued a credit note for the same. Should I enter this as a debit note while filing GSTR1 return?

A partner contributes his land purchased at stamp duty value Rs 5 lakhs last month. This is recorded in the books of the firm by a journal entry as his capital contribution for R 5 lakhs. My query is
1) Whether any registration by payinng stamp duty is required
2) a factory is proposed to be consturcted on the land. If the factory is sold after few years who will be taxable for the land. Firm or Partner.

If i want to download e invoice from portal of April 2021 is it possible now? If yes then please tell me how?

why personal account debited
give example

Can anyone take multiple profession tax registration number for different businesses in same premises even if owner holds single PAN