This Query has 1 replies
Income tax is a indirect expense or current liability.
This Query has 5 replies
194R treatment in accounts
One of my clients is a trader in computer goods. Purchases were made from HP India Sales Private Limited. In 26AS Under Section 194R - under paid/credit Rs.61,160 is appearing and TDS of Rs.6,116.07. Kindly suggest me mode of treatment of this in books of accounts.
Waiting for reply
R S Sai Kumar
This Query has 5 replies
Treatment of Bank Guarantee
Our organisation has accepted a Bank Guarantee from one of it's vendors in lieu of Security Deposit payable by the vendor to our organisation for work order related to services rendered to our organisation. Kindly let me know the accounting treatment and consequent disclosure in the financial statements. We are not a Company, it is an organisation exempt u/s. 10(23C)(iv) of the Income Tax Act, 1961.
Regards.
This Query has 1 replies
TDS on Quick Heal Software
Dear Expert,
We have purchase Quick Heal licenses from a proprietor.
What rate of TDS is applicable on this ?
This Query has 1 replies
DEBIT NOTE ISSUED BY PURCHASER
Is it correct if purchaser issue debit note to return material?
This Query has 1 replies
Regarding electricity Bill
A house is sold by Mr. R to Mr.X. At present electricity bill is in the name of Mr.K(expired) father of Mr. R. now as per will house is in the name of Mr. R and he is planning to sale to Mr.X ..So before registry Mr. R is required to get electricity bill in his name or not needed?
This Query has 3 replies
Solar panels subsidy - books entry in tally
We bought solar panels and got 30% subsidy from government, how to pass entries in tally. how much amount to be capitalize and 30% where to transfer for Society books of accounts.
This Query has 1 replies
INSURANCE COMMISSION AGENT INCOME
When the balance sheet to be signed by CA for insurance commission agent WHEN THE TOTAL INCOME IS RS.90,00,000.00
This Query has 1 replies
Revenue Stamp on Cash payment exceeding Rs. 5000/-
Is the cited subject in mandatory as of now?
This Query has 1 replies
ADDITION OF MISSING ENTRY IN BS
last year balance sheet was made first time for an individual considering all assets investments and liabilities and on this basis capital arrived but one investment of rs. 20 lac was not entered in BS .So question is can we include the investment of 20 lac in current year BS and increase the capital by 20 lac.
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Is income tax is a indirect expense