Dear Team members,


Good day.

1) What is Cost of Goods Sold & What is Cost of Sales ?? What are its Advantages & Disadvantages ??

2) In the "Chart of Accounts where nd. all - Cost of Goods Sold and Cost of Sales will appear ?? On What Concept (Logic) ?? ( Like in "Trial Balance & Profit & Loss A/c & in Balance Sheet; May be if you can more be Specific" )

Can anyone please 'Explain / Clarify'

Kindly do the needful.


Thanks & Regards

Sir,

Please guide me if person want to open a business i.e open a shop for Electrical items and his investment amount is Rs. 2,50,000/- .
whether his is applicable for GST Registration or did not required.

Thanks & Regards.

W.r.t some issue related to 2017-18, 2018_19, input is blocked. Matter is in court. If tax is deposited for current period, whether it will be adjusted automatically towards -ve input or I can adjust the amount deposited towards current period liability.

Sir,I have not enered sac summary of b2b invoices for the last 4 months in gstr 1.I have entered only hsn wise b2b summary.What should I do?

All figures even though given correct as well as are tallying still I get error 50 hence cannot submit ITR2. can anyone help as its frustrating experience. I suspect this error is thrown as income tax site yet not stable has internal logical errors . error message is Sum of income u/s 111A or section 115AD(1)(ii)- Proviso (STCG on shares/equity oriented MF on which STT paid) & Pass Through Income in the nature of Short Term Capital Gain chargeable @ 15% in schedule SI should be equal to corresponding income as per schedule BFLA

My total net income is 1,46,200/-
When I completed my ITR 2 form, I found in schedule AMT

Total Income as per item 12 of PART-B-TI 146200
Adjusted Total Income under section 115JC(1) (1 + 2a) 146200
Tax payable under section 115JC (18.5% of 3) 0

I am confused and worried that I have made some mistake.
Can you help me with knowledge.
I would be grateful to you for the help provided.
Regards,
HARSHAD KHONA

Dear expert

i have received payment from 4-5 different entities in f/y-2020-21 on which on which 3 pvt ltd , one association & one individual, my query is should i fill total receipt in income from salary or other income.
or any other income. kindly guide me. thanks.

Hi I have lost my CPt marksheet my registration number is CRO0289360. 8 have given CPT exam in June 2009 in bikaner. Is there is any way I can find my roll number. So I can apply for duplicate copy of my marksheet. Any lead will be appreciated please....

Dear Experts,
In FY 2020-21, I have loss of Rs. around 10K from Intraday Trading of Shares. Please guide me, is it mandatory to get it Tax Audit if I want show this loss on ITR ? or can I avoid this loss and not show in ITR ?
Please guide.

I sold my land for less price due to location of the land (like passage is small) but guideline value is very high which is more than double what i sold. While selling the land they have registered with the guideline value corresponding amount stamp paper cost, mentioned the purchase price less what ever they gave but guideline value as it is. Due to this my auditor saying that i need to pay the tax for the guideline value.

But i have not received that guideline value amount instead got only less than half of the guideline value amount. How to proceed on this? Kindly help on clarifying this query.