Hello, Could anyone please help me on the below query
We receive a service of Renting and leasing of machinery, equipment from a partnership firm tothis service the firm charges Hiring Charges & issued one bill on July amounting Rs. 249958/-(Basic amount-211829/-) to which TDS was not deducted.
Now the party has registered as a MSME & provided Udyam Certificate registered on 16.09.2023.
Should we deduct TDS in there upcoming bills?
One of my Clients doing Jewellery Business. We record the purchase invoices in tally. purchase invoice includes hallmarking charges. how to deal with the hallmarking charges in tally?
Please Clarify the above issue. Thank you
Cost of material consumed
changes of inventory
while preparing profit and loss account.
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 every year should pass
DTA and DTL adjustment entry in the case of Pvt. Ltd. company.
How to transfer prepaid expenses to expenses in next FY.
what is capital gain bank account and why it is opened .
how to calculate cost of material consumed and changes in inventory as per schedule III , while preparing profit and loss account and balance sheet.
accounting treatment of manufacturing expenses is called direct exp.
sales related expenses is called indirect exp.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
TDS on MSME Firm providing Renting and leasing of machinery, equipment