I HAVE DEPOSITED TOTAL 25,00,000 CASH IN MY SAVING BANK ACCOUNT IN WHOLE FINANCIAL YEAR ,CAN I GET NOTICE FROM INCOMETAX IN WHOLE .PLEASE REPLY

Hi Expert,

Our company is food and restaurant based company, at the time accounting the sales made through Swiggy and zomato we debit the Swiggy and zomato, as on March 31st, 2022 their is Swiggy and zomato balance under trade receivables.

So for the purpose of calculating the trade receivables turnover ratio can we consider these sales made during the year through Swiggy and zomato as credit sales.

If not is it correct to disclose the Swiggy and zomato balance under trade receivables?

Please suggest I'm stuck with the point

A director of a Pvt. Ltd. Company received the shares as gift from his mother. While giving information of shares acquired during the year in General information part A of ITR 3 of the director- there is no column to give such information. There are columns such as issue price of the shares in case of fresh issue of shares and purchase price when the shares are purchased from existing shareholders, but not about gift from mother. How to show the information about the gift of shaers in ITR 3

Is GST levy under RCM if Registered dealer person Purchase scrap on Auction by Police Station ?
Pls. answer

Thanks & Regards

Form 35 being the form for appeal before the CIT (appeals) is not appearing in FILE INCOME TAX FORMS. Should we file it manually? can the experts kindly give the details.

We have purchase a software for HRMS solution, like for employee attendance, salary calculation and generating Pay Slips.
But the they were failed to implement software as per our requirement, and agreed refund the advance amount.

So my question is, what should be the next process for refund ? should I raise raise debit note and after receiving my debit note they will raise credit note or no need to raise debit note, and they will directly issue credit note and refund the amount ?

Directors existence is different from company..company has a separate legal entity...then how the Director's personal finances growth with the company...like Reliance..
Whether they keep remuneration on the basis of that? Like if turnover of a company is 250 crores and Rs.15 lakh per month as Directors'remuneration is decided?
Or there are any otherway of retrieving funds from company?

Dear Expert..

what is the rate of GST on collection of tender fees & whether it comes under RCM or not. As well as what is the accounting codes i.e. HSN or SAC for same.

Regards
Pradeep

Can SGST credit be set off against CGST liability ?

We need some guidance from you that one of our donors wants to donate the shares to our Trust.Please answer below mentioned queries.

1) What documents to be taken from Donee?

2) Is it eligible for 80G benefits?-

3) How much time can we keep the shares in our Demat Account?-

4) What accounting effect should be given in books of Accounts?

5) Whether it comes under Donation in Kind?

6) Whether we need to file Form 10BD for the Same?