Debit note and credit note received by Purchaser or service receiver in which mode tally entey to be made by purchaser or service receiver in their books of accounts.
whether we can booked in Journal voucher mode.
Please reply

Dear All

Please let me know whether we can deduct rebate u/s 89(1) in form of 10E in new tax regime? please anyone answer me. It's very urgent

As a CA, I know that CA can't Certify Income Tax Return i.e. ITR. But Some Clients are constantly insisting me to give CA Stamp on their Non Audited Balance sheet. Ofcourse Auditing Provisions are not applicable to them as they are Individual having PGBP and Other Sources Income having Total Income upto 10 to 15 Lacs. I told them I can't give such CA Stamp as it's not Audited. But, they say other CAs giving such Stamp, Why not you ?
Well, Before saying them to, "Go to then those CA". I want to ensure myself that Can I give such CA Stamp on Non-Audited Balancesheet ?
Will I need to Generate UDIN for that ?

Hello,

Bank has dedcuted TDS on cash withdrwal@ 2% on cash withdrwal during the year 2023-24 even though My client has newly incporporated in the Last year i.e FY 2022-23 only and filed income tax return in the last year i.e 2022-23 1st time
my client have given letter to bank as TDS u/s 194 N not applicable to us as we are newly incorpated not to deduct tds even though tds deducted by bank aslo bank has mailed to my client that No relaxation has been given by income tax department to newly established firm. Hence tax will be applicable on cash withdrawal in excess of 20Lakh. Kindly refer section 194N for more details.

please clarify this section nothing mentioned in the section that its relaxation for newly incorporated

Dear Sir/ Madam,

How to calculate income from House property incase of Let out Property under lease.

Thanks in Advance

Can I lease my house as a gift to my wife, so she can show the rental income in her tax filing?

Whether a son can claim deduction u/s 80DD for expenses incurred for the maintenance of his father's partial disability. The father is also a teacher and is having taxable income .

Hi Team,

I hope you are doing well..

I have a query regarding the use of the Invoice customization for a specific company in case we have multiple companies. For example, I only want to use your TDL for National Enterprises – Bangalore (10004).

Can you please guide me on what code needs to be added to customize the Invoice for a specific company in TDL file?

Thank you for your help.

Regards,
Deepa

Dear Expert,
My client has been taken wrongly ITC (CGST : 8,250 & SGST : 8,250) in F.Y. 2020-2021. But not utilized these ITC as on date. I mean till today above ITC in my credit ledger. Now any liability interest & penalty if ITC revere today ?

a sale made in fy2223 , can i issue credit note in dec 2023?
my view > no, as it has to be isued before 30 nov 2023 (as annual return date was 31.12.2023)


also, purchaser cannot issue debit note to his supplier, right?