Dear sir,

One of my client doing computer selling business. For him process is raising invoice in tally when they made sales, but in purchase there is some issues, they are up dealers, they get materials 100℅ but they have to repay to hP for 4installement. So invoice getting quarterly. In is tally facing issues in profit and loss account. Example sales is 100. Purchase is 40. Sales is 100 but purchase get invoice 10.profit is showing 90. But correct one is 60.

Please tell me how to maintain the correct profit and loss account in tally.

Regardcinod

Dear sir we have been purchased borewell pump set material for our borewell in our factory so can we take itc on these materials purchased?

RERA Registration is mandatory for Rural Areas

An agricultural land of 3-5 acres was converted into DC Converted plots for sale for residential purposes.

Is it required to get Registration under the RERA Act.

My client has started business of pharmaceuticals under Partnership Firm. They started the business on October 2024. In December 2024 they got the GST Registration.

They bought some materials & some fixed assets. But they do not have any sale till now & according to them this FY (2024-25) their sale will be NIL.

Is ITR filling is mandatory & if yes is audit required as they have loss arise due to depreciation on Fixed Asset & some expenses to run the business.

While filling Form 26QB Stamp value of the property is to be entered.
When payment towards property is in installments what stamp duty to be entered ?

Please provide me any application draft formate

Banks are asking our own Provident; Gratuity Trust Funds for registration. However, Trusts are not NGO, SEC 8 CO, CHARITABLE TRUST,ASSOCIATION

KINDLY GUIDE

While entering HSN summary in GSTR 1 whether the total sale amount or value after deducting credit note should considered

For AY 2025-26, what are the benefits to sr. Citizens ( 60+)?

I have registered the agreement and paid stamp duty @6% of total consideration = 8,10,000. There are two buyers with 95,00,000 and 40,00,000 contribution.

For First Buyer:
Question-1
"Total value of consideration (property value)" = 95,00,000 [ As per the contribution - Is this correct?]

Question-2
then "Amount paid/credited currently (B)" should be 95,00,000 or 94,05,000 (i.e. amount paid to seller after TDS deduction = 95,00,000 - 1% TDS = 94,05,000)

Question-3
Difference between "Amount paid/credited currently (B)" and "Total Stamp Duty Value of the Property (C)" is greater than 20% i.e. 20.32% and giving warning message. Should I proceed for TDS payment or make C = B?