A bill received for Rs.
Goods Value Rs. 2,00,00,000
GST 36,00,000
Total Amount 2,36,00,000
whether TDS under section 194 Q will be deducted
2,00,00,000 Less 50,00,000 I.e Rs. 1,50,00,000 @0.1% =15,000

on 31st March shown in books as
Advance received Rs. 10,00,000 from Debtors
Advance Paid Rs. 20,00,000 to creditors
can I pass journal entry on 31st march as
for advance received
Debtors A/C Dr 10,00,000
To Advance received from Debtors Rs. 10,00,000 (under current Liabilities)

For Advance payment
Advance Paid to creditors Rs. 20,00,000
To Creditors A/c 20,00,000
is correct way for accounting.

Employer given to employee as gift Rs. 5 Lakh .to employee
How much amount will be taxable in the hands of employee.

i got the following message ...
"You have filed your income-tax return in form ITR-1. As per TDS details in your Form 26AS, taxes have been deducted under sections 194IA/194IC/194M/194S/194C/194B/194BB/194BA, etc. of the Income-tax Act, 1961. These sections are reflected as (4IA/4IC/94M/94S/94C/94B/4BB/4BA) in Form 26AS. These sections imply heads of income for which form no. ITR-1 is not the appropriate form. Thus, the required schedules for reporting incomes pertaining to said TDS sections are not present in your return of income filed in form no. ITR-1. "Income tax filing
which file should I choose?

If any assessee already paid demand raised by department by disallowing 87A rebate will be refunded to assessee by department?

I have a checking account in USA. I need to report this in schedule FA point A1.
Point A1 has a field "Gross interest paid/credited to the account during the period". Do i include my salary in this field or just the interest. I am reporting my salary separately in point G as well.

SELF OCCUPIED PROPERTY IS A CO-OWNERSHIP PROPERTY CONSISTING OF 9 OWNERS . OUT OF THEM TWO PERSONS NOT HAVING PAN. WHILE FILING RETURN OF ONE PERSON ( HAVING TAXABLE INCOME) HIS SHARE IS MENTIONED UNDER SELF OCCUPIED PROPERTY, THE OTHER MEMBERS NAME , AADHAR & THEIR PERCENATAGE SHARE ARE CORRECTELY FEEDED IN ITR2 OF THE ASSESSEE. WHILE UPLOADING THE ITR , IT SHOWS ERROR MESSAGE AS " if the property is coowned, percentage share of property, Name & PAN of the cooner(s) necessary. Is it is possible with aadhar of the two coowners to file itr

I had a unlisted company holding from 28th June 2023, now the stock has got listed 2 months back, due to lockin i will be selling around April 2025 end, now regarding capital gain i am confused will it be stcg or ltcg, it is more than 1 year if taken actual aquisition date but less than 1 year if listing date taken, same less than 2 years if unlisted aquisition date taken.

If writ petition filed against assessment order then can we go for DTVSV 24? Is there any adverse consequences of that?

Sir,

Our proprietor having two companies A & B paying tds same tan no from different account.

One challan paid from A Company CA , B company can use this TDS challan of A

If we use the challan how to transfer tds amount B company to A company Account

Plz clarify my doubt.

Thanking you,