Dear All,
I want to know when the purchase entry is to be made for purchase invoice received late or suppose we have forgot to enter the invoice. For e.g. If suppose we have a purchase invoice of April month, but we forgot to enter it in April month and we realized it in the month of June. So my question is, the current month is June month in which we realized that we haven't made the entry which was suppose to me made in April month. So can I entered it in the month of June for the April month. I mean to say If suppose the invoice date is 20-04-2022 and we realized it on 06-06-2022, so can I entered it as dated 20-04-2022 or should I consider the date as 06-06-2022.

Please clarify, a great confusion.

Thanks in advance

In the case of merger, where the transferor company is merged with the transferee company what will be the effect in disclosure of shareholding in companies after merger where the the transferor company holds shares.

HI,
Can a director give gifts of his shares to his mother-in-law who is also a director in the same private limited company?

If yes what are the provisions which must be kept in mind?

Thanks

we are running a small eatery, registered under gst. My query is if we charges 5%gst on food items
shall we get input tax credit on purchase of food items like rice,,sugar, oil etc. Please give your valuable suggestions, Thanks in advance.

K.B.Nagesha rao

SUPPOSE THE ORIGINAL INVOICE VALUE IS RS.100 BUT INADVERTENTLY E-INVOICE IS CREATED OF RS. 105 AND THE TIME LIMIT OF 24 HRS TO RECTIFY THE MISTAKE IS LAPSED.

IN THIS CASE IF WE WANTS TO GENERATE CREDIT NOTE, IS IT MANDATORY TO GENERATE CREDIT NOTE IN E-INVOICE SITE OR ANY OTHER SOLUTION IS THERE ? PLEASE CLERIFY.

Respected Experts,

We are importing machinery from Japan. We are paying GST around 37 lakhs on the said import. My query is
1) Wether the availed input tax can only be adjusted in Central tax? if so the
2) How long the input tax can be carried forward?

Please clarify.

Is Form 10BA essential to get benefit of rent paid under sec 80GG?
There is no option to submit this form under efile- income tax forms- ( Form 10BA is not listed there). In such case how can this form be filed?

If a state /central govt employee withdraws his balance in general provident fund before retirement for personal purposes will it be taxable .

Dear sir,
when applying for new registraing what is to upload for document for trade name in case of proprietorship ?

Please advise :

1. In case assessee issues sales invoices below two lacs in a day and various transactions in a year to single buyer.

2. In second case Some of the sales invoices are above two lacs out of which he received cash below Rs.2 lacs per sales invoice in a single day/ transaction and the difference amount (invoice amount less cash received) is received through banking channel.

3. Overall Limit of Cash receipt as Unsecured from a person is Rs.20000/- or 10000/- .

Is there any restriction to receive cash in the above circumstances under the provisions of Income Tax.