When a purchase is recorded in software, a JV is posted to the respective ledgers. Debiting the inventory & VAT, Crediting the supplier. Should i need to debit purchase account also?. If so, what will be the journal entry?

Accounting group of suspense account under scheduled III
and also
Round of accounting group under scheduled III

My client received SCN for 1% cash payment for discharge of output tax liability. But they paid income tax around 7 lacs for the past three years and also claiming Refunds both Exports and Inverted duty structure. As per the rule 86B, the cash payment 1% applicable or not applicable.

Please clarify

I am having income under the head salary and fall under 30% tax slab. I have done SIP which i want to sell, the profit that I'll book will be charged to tax as per my tax slab or 10% for LTCG and 15% for STCG

There is a change in my surname and the same has been updated in PAN but im unable to update in ARCA login, can you let me know how I Can update my name in ARCA login.

I request all the experts to provide their valuable feedback on the following issue:

Whether compensation received through acquisition of land by government (Direct purchase through agreement) is taxable or exempt from Capital Gain. When land acquisition is done through Land Acquisition Act, 2013 (Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013) then there will be no capital gain. There is no ambiguity in this case. But when land is not acquired under this law but through direct agreement then what will be the taxability.

Sir,
It assessess remenuration from partnership firm rs:8 lacs and interest payments rs:9 lacs loss rs:1 lacs
Professional income for individual status rs:12 lacs profit declared rs:6 lacs .
Question:
Assessess loss rs:1 lacs adjustment professional income allowed in it act

Dear Sir,

One of our society and section 8 company wants to give loan to another society and on that loan, interest would also be charge by them. My query is whether section 8 and society can give loan to another society and would charge interest thereon as purpose of the society and section 8 company was formed for a charitable purpose. Whether chargeable interest would be considered as his non charitable income or business income.. Is society and section 8 company can charge interest on the loan and would earn interest as income.. Requested to present your views..

sir,
If female assessee gold jewellery value rs:15 lacs exchange to another female assessee(sister) after another female assessee silver articles value rs:16 lacs exchange to sister.
Query:
Above mentioned exchange transactions two sisters capital gain tax applicable or not applicable in it act.

In FY-2021-22 March monthly, credit note issue than the output tax in sales, i.e. because the input is more due to sales returns, zero output tax has been shown due to taking negative balance in GSTR3B. The difference between GSTR1 output tax and GSTR3B output tax is received. Negative balance as per GSTR3B.

FY 2021-22 GSTR9 Return Table Part V S.No . 11 the tax amount to be adjusted to the input credit note balance is shown with a negative balance.

In FY 2022-23 April monthly, balance input amount has been reduced from out tax to credit mouth and paid. The difference between GSTR1 output tax and GSTR3B output tax is received. Positive balance as per GSTR3B. But how and where to show the FY 2022-23 GSTR9 Return?