Dear Experts,
1 A company is remitting the Security depoait to the Electricity Dept.
2 Shall it can be accounted under the group of Loand and Advances?
3 Since this security deposit will not generate any interest income?
4 If it is grouped under investment,there will not be any capital appreaciaiton.
5 Has it to be accounted under either Financial asset or investment?
6 pls clarify that under which group, it can be positioned which will be appropriate one In Stat Audit point of view also.

How to solve this error in TDS 24 Q Qtr- 4 F Y 2023-24? ( Se-10(14) other special Allowance)

What should be done at the time of ESI return filing if we have an employee who was previously enrolled for ESI and now has a salary that crosses 21K?

Sir
I am employed as an accountant in a firm where paint is applied on finish goods for identification of material so I would like to know under which head it should be posted currently I am posting it under consumable store

thanking you

Please confirm if following entry is correct on RCM:

Expenses A/c Dr 10,000
Input CGST Dr 900
Input SGST Dr 900
Party A/c Cr 10,000
Output SGST Cr 900
Output CGST Cr 900

What will the impact as per IND AS 116, if after end lease period, Building owner not extending the lease agreement but allowed 3 months to occupy before shifting for shifting office.
1. 3months rental expenses to be booked as normal rent expenses.
or
2.To modify RoU taking into account 3months allowed by the building owner.

Please suggest.

is there any method that i can migrate from tally prime 4.0 to tally erp9?

A Company issued the invoice Rs. 354000/- (including 18% gst) after that Supplier made payment Rs. 348000/- (After deduct 2% Tds).
Is this correct calculation..?
Total Value - 354000
Taxable value - 300000
Tax Value - 54000 (18% Gst)
300000 - 2% = 294000 After deduct 2% Tds
294000 + 54000 = 348000

DEAR EXPERTS
LAST YEAR BANK NOT DISCLOSE IN ITR BALANCE SHEET DUE TO FEW TRANSACTION & NOW THIS YEAR BANK'S OPENING BALANCE IS BECAME TRIAL OPENING BALANCE DIFF.
WHAT CAN I DO?

THANK YOU

Hello sir/madam,
Our organization was prop. and converted to LLP. Is prop. transfer his assets to LLP?
In case we transfer than what is procedure and which accounting should be passed?

Your support towards this concern is very much appreciated.