I read that people overstate expenses .how people do that .if they overstate expense expenses to save only 30 percent tax but from his pocket 100% outflow is happening .pls help m for Information purpose in detail.
Credit notes for F.Y.2018-19 was reversed in SEPTEMBER 2019 , But same was paid again now using Input tax credit, please help how to cancel DRC-03 paid now and get refund to input tax credit ledger
Sir,
A person huf and individual both status it returns filed every year
1.personal drawings (house expenses) rs:1,50,000/-
2.personal drawings (house expenses)rs:1,00,000/-
Question:
Assess personal drawings both status allowed or one status only allowed in it act.
Gift of more than 50000/- by father of Karta to son's HUF -is it taxable or exempt in hands of HUF?
I have been trying to upload the ITR required as a reply for Section 148 notice. But the following error as popped up: "Caught Error Description as null" No matter how many times I've tried the error still persists. Please help.
Suppose owner invest capital in business Rs 60000 .with this he has made huge profit of Rs 120000. In the same year we withdraw the amount of Rs 70000 which is more than the capital amount .what is accounting entry to be pass .
Sir,
Asses maintained private hospital two different places single proprietorship
2 nd hospital Fees collections amounts from patients through on online mode 1st hospital maintained bank account credited
Query:
Assess above fees collections from patients transactions 1st or 2nd hospital accounting books entry passed is correct procedure
In my 26AS I find some SFT-005 transaction mentioned in part E. Is this transaction related to that done in a FY. Is this related to FD opened in the concerned FY only. Where from can I get the details of the aggregation as filed in my case by SBI. I have a joint a/c with my husband.
Regards,
Sanghita Chowdhury.
is HSN summary is compulsory for dealer who dealing in B2C only whose turnover does not exceed 1.5cr
Sir,
I have a sole proprietor trading firm in my town. Would like to start another branch with a different name but with the same owner. Is this possible and will there be inspection of office etc.,
As such, I have a desk space only for my trading activities as all my dealings are done in my laptop.
No physical stock of any material. Merchant trading only I do.
I want to have a second name and a new bank account in this new name.,
Is this possible and what are the procedures
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
Overstate Expenses