Sir,

Whether 87A rebate was applicable in case of a non resident citizen having India Income during the financial year 2022-23.

Hey there,
I took my GST REGISTRATION IN MONTH OF AUGUST 23 . IN AUGUST NO SALE MADE. BUT HAVE SOME PURCHASE. I FILLED NIL RETURN OF 1 AND 3B. IN THE MONTH OF SEPTEMBER I MADE SOME SALE, COULD I ADJUST THE ITC OF AUGUST (IT IS REFLECTED IN GSTR 2B).

Dear Experts,
1 As an individual, we have purchased the jewellery by exchanging our old jewellery.
2 The jewellery showroom purchased the old jewellery from us.
3 They have charged the GST on their sale of new ornaments.
4 But they have purchased the old jewellery from us without GST.
5 In this scenarion, whether we have the right to ask the jewellery showroom people to add the GST amount for our old jewellery.
6 Pls clarify

System has not generated summary of Table 3.1(d) and Table 4 of FORM GSTR-3B on the basis of your GSTR-2B as same is not generated for the current tax period.

System has not generated summary of table 5.1 interest of Form GSTR-3B basis your previous period Form GSTR-3B as the same is not filed or interest is not applicable.

what to do in this situatuon

A property is being jointly purchased by two brothers Mr A & Mr B for Rs 60 Lakh.
Both the buyers will contribute 50% (i.e 30 Lakh) each.


Will they have to file Form 26QB ??
As their individual share (Rs 30 lakh) is less than the threshold limit of Rs 50 Lakh.

Hi Sir/Ma'am,

My father and mother (joint) has recently bought a property of value 52 lakhs. I have submitted 52/2 = 26 lakh, 1% of 26 lakh TDS from fathers account ie 26k and same from the mother account. (I did this three days ago)

Today morning they both received notice from IT that an amount of 5 lakh is to be paid by each of them. ie total 10 lakh. And it's mentioned that it's related to the statement 26QB which I filed 3 days ago.

Please help

Whatever the purchase made during the year for stock in trade will be shown as expense. Now to pass the closing balance journal entry for inventory account which account need to be credited.

An assessee who is registered as a trust, has uploaded the return on 06-11-2022 and 10B on 06-11-2022 (Audit report) for the AY 2022–23 i.e; before due date, however intimation order under section 143(1)(a)(ii) was issued with demand due, after disallowing the expenses claimed in ITR. The error description in the intimation order was as follows;

"The Trust or Institution registered u/s 12A/12AA /12AB has not E-filed the Audit Report in Form 10B atleast one month prior to the due date for furnishing return u/s 139(1). Hence the exemption claimed in Sr.no. 6i to 6vii of Part B1 - Part B-TI is not allowable in accordance with the provisions of Section-12A(1)(b) of the Income tax Act."

Can any of the experts give me a suggestion for what i can do in this regard?, I have already filed rectification return against this but still it continue.

what is journal entry of provision for depreciation and also accounting group of provision for depreciation.

what is accounting journal entry of provision for depreciation and also accounting group of provision for depreciation.
why provision for depreciation is created instead of Depreciation.
Company why creates provision for depreciation.