Daya
24 November 2023 at 14:11

Income taxable on receipt basis only

which type of income taxable on receipt basis only.


Pravin Vishwakarma

Dear Sir/Ma'am,

Warm greetings to you.

I want to know if both the directors are not present in India during the previous year. Can they sign the financial statement of accounts with the help of DSC.


Regards
Pravin Vishwakarma.


Vaneet Monga
24 November 2023 at 13:16

ITR-3 Under Presutive income

Sir

I am regular Filed ITR-4 income from business even proper books of accounts mainted. But in fY 2022-23 i have income from capital gain so while filling ITR-3 under section 44AD i have to select YES OR no. ( are you liable to maintain books of account under section 44AA)

Please advise


Salahudheen KM

Bed costing 60 riyal (RS. 1320) Purchase to staff accommodation provided by company itself (on rent) for new staff. How is the accounting treatment of the same.


Swati Deshmukh

We are small manufacturing company. We are charging design chgs to our 1 customer. How can I pass the sale/income entry in our books of accounts. How can I treat this Income. Can I pass sale entry or JV for the same.


PURUSOTTAM PANDA
20 November 2023 at 23:23

Works contract excluding material

Sir,

Payments made to the contractor for construction of buildings after deducting TDS.

Whether payments will be booked under the head Buildings?

Please suggest.


Daya
20 November 2023 at 19:59

Depreciation on second hand fixed assets

whether depreciation On Purchase value including its installation cost , repairs on it and freight cost (if any).


Daya

is depreciation charge on put to use when assets require installation/Fitting
Like plant and Machinery, Electric Fitting , Building
is depreciation charges on put to use when assets received on ready made received Like Furniture etc.


Daya
20 November 2023 at 19:22

Amortization on intangible assets

whether Amortization of an Intangible Assets is depends upon Finite useful life or Indefinite useful life. which AS says.


Mahesh Jadhav
20 November 2023 at 16:21

Insurance Entry - Mismatch

How to pass Insurance Mediclaim entry in books ?

Because we are debiting an amount to P & L, which is not matching with actual insurance taken from Insurance Company






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