can u please help me with subject issue

company having guest house on rent and agreement is between director and owner. can be book guest rent and expenses related to guest house, in name of company.

while considering profit for goodwill calcuation . profit sholud consdier after depreciation , remuneartion and interest to partner or before interest and remunearation and depreciation

PROFIT 100,000
DEPRE 2000
INTEREST 3000
REMUNERATION 5000

NET PROFIT : 90,000

Which profit is to be considered 1,00,000 or 90,000

Respected All, What will be the accounting and tax treatment.... if a co operative society issues shares to its some of the existing shareholders as prize money because those shareholders have achieved the target set by the society.....in my case the society has passed the entry as :
Entertainment Exp (P & L Account) Dr
To Share capital account

Dear Experts,
In Saving Account Small Amount & under 5000 amount is Paid to Suplier Can We disclose this Paid Amount as Non-GST Purchase Only.(No in GSTR-3B)
How Many Limit value for single Non-GST Purchase Bill against single Person.
Whether can we show Dummy Name In Purchase Invoice .

Thank you......

Paid advance for Software development(ERP) amounting to Rs.15,00,000 on 20/12/2023

Vendor raised the Invoice for the advance paid on 20/03/2024 along with GST

Software development expenses(Intangible asset a/c) dr 15,00,000
Input CGST 9% dr 1,35,000
Input SGST 9% dr 1,35,000
Party a/c cr 17,40,000
TDS for sec 194J(Technical Services@2%) cr 30,000

Is the above entry correct?

Hi,

If Retailer/Shopkeeper is generating bill as Capex Reimbursement to the Shopping Mall and put SAC code 995419, Rs. 45 Lakh +GST 18%.

On the above case, is TDS Applicable, if yes then under which Sec. and can Shopping Mall can take GST Input?

Kindly give your valuable suggestion on the same.

Thanks in Advance,
Sanoj

Dear,

How to make related party in tally in company A and B.

regards

Hello Experts,

We have a cost plus mark-up agreement signed for export of services with fully owned US entity and they have sent us some advance money to meet expenses of indian subsidiary. I have booked this received amount to DR Bank and CR Intercompany Payables Account. Previously it was booked to Unbilled Revenue by our book keeper and they still argue that it has to be booked Unbilled Revenue instead off Intercompany Payables Account. Can any experts clarify this?

Appreciate your help on this.

Dear Sir,

We are in Granite Manufacturing Company. As Finalisation Process we are valubing F.G. as 90% of sale value and Wip as 65% of sales Valu ..! Our F.g. is the goods ready for sale just waiting for approval. And our Wip always remains in 2 out of 7 process. Apart from above we normally sold Good in Fg in first. We are producing in terms of containers as 50 means we sold 10 to 20 of last month F.g and 15 containers from curent production ...! Kindly let me know if our valyation towards Wip and Fg is correct and if not How to Valye in this scenarios