A revenue expense of 25000 is done in PY 17-18 out of which 7000 is immediately paid through e-banking..the balance is paid in next FY through e-banking..How much will be allowed or disallowed in both years? kindly answer in detail..along with reasons..

We have not paid balance TDS on salary due to which it is showing unpaid in Traces but the employee has paid the same as self assessment tax during return filling . can we show the same in traces and reimburse the same to employee ?

Hello Sir,
I don't understand how payments in GST are calculated.
Example:
I buy goods from Gujarat every month worth Rs. 1 Lakh and pay Rs. 18 thousand IGST
I Sell goods here in Maharashtra at Rs. 1.5 Lakhs and get CGST 9% i.e. Rs. 13.5 thousand and SGST 9% i.e. 13.5 thousand.
My apprehension is, I ve already paid 18,000 to the seller so do I need to pay 27,000 GST payment and get 18,000 credit next month or can I avail direct credit and pay only 9,000/-
Is there any excel based calculator for easy working.
Please help!! S.O.S!!!

Dear Sir, I had not filled my ITR for A.Y. 2017-18 till today. and while filling it, site show "Due date for filling ITR under this section is over" . I had not received any notice from department. But I want it for loan purpose. Kindly suggest me section under which I can file my ITR.

We have received a damaged component/part of one item sold from our customer in warranty period. And we replaced that component with new one. we rectify the damage of the defected item by sending that to manufacturer. How to enter these transactions in tally erp 9. Please suggest.

My father is seliing a plot of land next month for which the buyer is giving -

25% of Sales Consideration on the date of sale deed and
Remaining 75% through post dated cheques of year 2019.

I want to know whether a sale deed can be cancelled if post dated cheques get dishonored?

What necessary points should we mention in the sale deed for safeguarding us due to any possible fraud or cheat in the future (cheque bounce)?

Thanks

If I Sold an under construction Flat of Rs. 3Cr and made an agreement. Out of 3Cr. I have Received Part payment of Rs. 1Cr.
then on which amount GST Will be Charged 3Cr. or 1Cr. at the time of receiving part payment.

How to enter transaction in tally when you recd credit from ewallet ( Paytm) directly got credited to Bank account.

For preparing financial statements for LLP, whether depreciation under schedule VI is mandatory or depreciation under the income tax act can be followed.

Hi!!!!

My assessee has received intimation u/s 143(1) for A.Y 2017-18 asking for payment of tax. I found out that there was a arithmetical error in return filed. Total amount of depreciation was claimed in wrong column resulting in wrong calculation of total income & tax payable thereon.

Please guide me as how to rectify this error. Can I file a Revised Return after rectifying the error. Earlier I had filed a revised return for A.Y. 2017-18. It means If I revise the return, this will be second revision

Kindly help me out
Regards