Nikhil Kaushik's Expert Profile

Queries Replied : 23957

In case you are looking for tax compliance or advisory services, you can reach me at canikhilkaushik @ gmail.com

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Jay C says : Hello sir!!
I 269SS & 269T is applicable for receipt and repayment of loans and advances, hence it's not applicable for loans given by assessee to others. I'm correct?!!

Roshan jha says : entry for rent received after dedution of tds
sir main rent received key journal entry tds deduct hokar jab bank main aati hai tab aur rent yadi feb 2014 ka april mai mile to in dono key journal aur bank entry kya hogi

shree says : Stock greater than purchase
Sir ours is a construction firm, in our annual return it is shown - closing stock (95,00,000) that equals to (all direct expense + indirect expenses) Material+Labour+Salaries+site expenses+Muncipal expenses+registration expenses+etc.). I want to ask whether the indirect expense will also be counted in calculation of WIP stock, as the construction is not yet completed.