is inventory and stock is same thing according to schedule III.
what should pass adjustment entry in the case of Pvt. Ltd. according schedule III Like Profit and loss account and balance sheet Inventory or stock.
whether it is mandatory to pay penalty under section 234E before filing of ITR.
whether every year should pass
DTA and DTL adjustment entry in the case of Pvt. Ltd. company.
Hi
Client dealing in rent a cab and taxi services for passengers eligible for input tax credit on car purchase in firm name .We have fully availed input tax credit on car purchase but not able to utilize cess due to on outward supply no cess applicable.So we wanna to claim refund of cess.What is procedure for the same? Under which category we need to apply gst cess refund on gst portal? what are documents required for the same.Kindly guide step by step procedure for cess refund on car purchase in firm name ?
How to present in balance sheet
Trade payable Excess payment
Trade receivable excess received .
according to schedule III
As per section 50 of the income tax act if the block still exists, the sale of asset will not be taxable.
But when we sell a particular asset the will be profit or loss in the P&L a/c.
I want to ask the taxation of the profit shown in the books.
and if not taxable , how should we show it in ITR 6, should i even show it in P&L ?
Sir,
Goan Panchayat gives contact to build roads,school, toilet, houses for development .The material purchase for this construction ,can i avail ITC for the same.
Please advice
I have take mediclaim and paid premium with gst on it.The company took my gst no and showed in the gst returns.
Can I claim ITC ON MEDICLAIM PREMIUM PAID IN MY PROPRIETORSHIP GST FORM?
PLEASE ADVISE AND CLARIFY?
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
How to calculate according to schedule III