Sir,

Last year financial of a company got audited and foreign exchange loss of Rs.23000 was not shown in financial .So we have identified the same and need to record this year. How to deal with the same in current schedule 3 .Kindly help to resolve the same.

Dear sir,
We the company which is located in Madurai. My question is about bill raised to Kerala but ship to palani tamilnadu. how to raise eway bill sir?

Mr Arjun is getting annual pension of Rs.4,00,000. In addition to this he has long term capital gains from sale of shares Rs.50,000. Kindly clarify his Income Tax liability.

Dear Sir

Propireter has used Rs.2Lac for open new demat account so in books of account below entry is correct or anymore

Proprietor ( Capital account ) Dr. 200000/- Cheque no. 00000 (its part of drawing or note)
Bank Account Cr.200000/-

KINDLY CONFIRM WHICH TDS RATE 2% /10% WILL APPLICABLE ON IT DESIGN & DEVLOPMENT SERVICES ?

Dear Sir

Kindly advise for entry in book of accounts. Proprietor has been death in Feb 21 His capital value Rs.3421000/- in shown in books. Rs.642000/-in March 21 adjusted with fixed assets and rest RS.2779000/- transferred to his A,B, & C, Under( HUF account) sons equally. in current year Son Mr.A is the proprietor of same form. But in books of account in which group i create the ledger of Sons Mr.A,B,C

Can a Registered Charitable Trust be converted to a Religious Trust ? If so, what is the procedure ?

My relative filed ITR for AY 21-22 one month back as per 26AS. He is supposed to get refund of around 25K. He was checking this new AIS (annual information statement) yesterday. AIS has interest from income tax refund about 4K (which he received for AY 20-21) which is not there in 26AS. So, should he file revised return now including this interest on income tax refund or leave it and wait for any notice from income tax department?

B purchases residential plot from C less than Govt Stamp Duty value ( i.e Purchase Consideration Rs 40 Lakh & Govt Stamp duty Value Rs 50 Lakh )
1) Then as per U/s 56(2) (VII) Diff of Rs 10 Lakh will be added in other income in the hand of B ?
2) If B Show such transaction as stock in trade instated of capital assets , then U/s 56(2) (VII) provision is applicable or not ?

A is father in law of B.
If B Sold same residential plot to A less than Govt Stamp Duty Value( i.e Sale Consideration Rs 40 Lakh & Govt Stamp Duty Value Rs 50 Lakh ).

3) Then as per U/s 56(2) (VII) Diff of Rs 10 Lakh will be added in other income in the hand of A ? can A take benefit u/s 56(2)(X) relative ?

4) Also As per U/s 50C - B has to pay any capital gain ? Because B purchases such plot to Rs 40 Lakh &sold of Rs 40 Lakh but as per u/s 50C Govt Stamp duty value Rs 50 Lakh will be considered as sales consideration .

sir please explain

If my turnover is 65 lakh all receipts in the bank can I show 6% profit