I am a Chartered accountant, first 6 months i was employed and was earning salary and next 6 months I was into practice and hence earning professional income.
my questions is how should I treat accounting of the tax liability in tally/books.
one ITR will be filed with both salary and professional income and one final tax amount will be computed but should i show this tax amount in my professional accounts or personal account? since i need to adjust TDS also while paying these taxes and in my professional account/tally only TDS on professional income is booked where as TDS on salary income is reflecting in my personal books.
P.S. i keep two books in tally - for my individual firm and my personal finances.

kindly guide.
thanks

Dear Sir/Madam
We filed B2B section for Jan'21 and Feb'21 in GST R-1 IFF. In March filing i'll show March month bills only in B2B section. Another sections like Export, B2C and HSN wise summary i'll show total 3 months(Jan-Mar) data. Is that right?. Kindly clarify

Dear Sir

We have received two invoices with same invoice date from our sale tax consultant
Invoice Rs.30000 DT 25.03.2021
Invoice Rs.100000 DT 25.03.2021
We have to deduct TDS or not. If yes then during year he also raised on invoice amount of Rs.20000/- and we have paid wihtout TDS deduction. now we have to deduct TDS on the same also or not

Please revert on the same

Dear Sir,
For partnerships firm for audit u/s.44AB profit above 8% shall include interest & remuneration to partners or not.
Thanks in advance

Dear Sir,


One of my client got a High value transaction sms notice for cash deposit of 25 lacs.

He used to withdraw cash from his saving account and then deposit some part of the money again into bank. This has resulted into total cash deposited to 25 lacs.

I want help what should I reply to Income tax regarding cash deposit compliance notice. He has not offered it as income while filing his return since the cash was withdrawn and deposited in bank from his salary income he earned.

Regards,
Divyesh Jain

Whether it is mandatory make provision for income tax as on 31st March ever year ? How to workout the amount for income tax provision ? Just because of unawareness of provision of income tax I have not made any provision, whether income tax department or ROC will recover certain amount of penalty from the assessee. Please guide me and oblige.

Interest on post office time deposit for 5 years is paid/credited annually. For the purpose of filing tax returns should the interest be considered on accrual basis or on actual credit basis ? No TDS is deducted by post office .

CAN OTHER THAN A CHARTERED ACCOUNTANT FILE ITR -5 FOR PARTNERSHIP FIRM?

Dear Sir

We are a Hospital. We have 25 Promoter Directors. We would want to issue shares to some of theses directors in lieu of their Salary. We have appointed a Valuer for the same. How to account for such transaction in the books of the company ? Kindly give the Accounting entry of the same. What Accounting Standard should be followed ? Whether it needs to be expensed according to any Accounting standard ?

Thanks and Regards
Shriram Deshpande

Sir I have ufm case prblm in my exam . Icai send the mail and I don't no how to convince to reply pls tell me sir