Vaneet Monga
28 March 2023 at 15:11

Business Code for ITR

dear Sir

Please provide business code of income from repair of Electrical Goods


SUNNY SK
28 March 2023 at 14:41

Taxation of cross gifts

Can cross gifts are taxable under Income Tax Act ? For Example: Mr.A received an gift in the form of cash/Kind amounts to Rs. 10 lakhs from Mr.B and Mr.B returned the an amount of Rs.8 lakhs to Mr.A. Both A & B are relatives. In this scenario, can cross gifts are Taxable ?

Thanks in advance.


Santosh

Dear Sir

A and B both are working in Same roof. Both have separated PAN and GST Number. Mr.A raised a invoice to XYZ Rs.50000/- XYZ deposit Rs.25000/- to MR.A and by Mistake RS.25000/- to MR.B account. Now in the books of accounts Mr.A, XYZ balance debit Show Rs.25000/- and books of account of Mr.B xYZ credit balance show Rs.25000/- and in the books of account of XYZ balance is NIL
Please suggest how to deal A and B ( MR. A is books of accounts cover 44AB and Mr.B 44AB(e)


Vaneet Monga
28 March 2023 at 14:30

Gross Profit & NP Mandatory

Dear Sir,

Its mandatory to show GP & NP % Ratio as per last year. Can we increase- decrease as per Compared to last year . Turnover Rs.2 Crore Books cover under Audit 44AB

Please advise Sir,


CA Parul Saxena

I am a CA qualified in Nov 2009...my role and responsibilities include:-
1. Monthly filing of GSTR1,GSTR3B of 4 GST registrations and quarterly filing of 5 GST registrations.
2. Year end closing after finalization of Balance Sheet.
3. Preparation of Annual financial statements.
4.Coordinate with Stat and internal Auditors.
5. Preparation of 3CD data as required by auditors.
6. Computation and payment of Advance tax.
7. monthly payment of GST,TDS and EPF(not involved in TDS and EPF compliances just making payment.)
8. Filing of GSTR9,9c independantly.
9. Monthly,quartrely,yearly as the need arises reconcilation of 2A,2B with books of accounts.
My current CTC is Rs750000. What should be as per my current profile.
Further what other skills i need to add on to get the better package


N B
28 March 2023 at 12:55

INTEREST OF PPF IN NEW TAX REGIME

Interest earned on PPF is tax free in old tax regime . Will the interest earned and maturity amount on PPF balance be taxable in new tax regime ?


Vaneet Monga

Dear Sir,

received Advance from Customer is Other long-term liabilities OR Other current liabilities and Advance to Supplier is Other non-current assets OR Other current assets

Please suggest


Nisha Kathuria
28 March 2023 at 17:22

Assets & Liabilites

Dear Sir,

received Advance from Customer is Other long-term liabilities OR Other current liabilities and Advance to Supplier is Other non-current assets OR Other current assets

Please suggest




CA Parul Saxena

I have received a notice u/s 61 and intimated through mail. But while logging the portal no record found is shown when i try to download the notice.
what to do? and how to reply the notice? Whether reply can be given online or there is a need to visit the office?


k.b.nagesharao
28 March 2023 at 11:54

Hsncode printing

Dear Sirs,
Frist we are using 4 digit hsn code. though we harve updated 6 digist in items we are not ableto printthe same in invoice and not able to upload gstr1 hsncode summry. Kindly help me in this regard,
Thanks in advance.






CCI Pro



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