Sir,
AS per the notification EPF contribution payment by govt was deferred upto August 2020,under PMGKY scheme how to pass journal entry for the payment .

If a business enterprise spends 10 lacs on capital expenditure (capex) and receives 5 lacs (non refundable) as contribution/share towards the same from a third party for certain share in profit, what will be the accounting treatment in the books for capex and the amount received?

Sir,

Transportation RCM 5% paying every month, Showing IT 3B RCM column and ITC Column.

Now my doubt is RCM ITC 5% , can we use Output Payment from ITC Credit Ledger.

Some one informed This RCM 5% ITC cannot take only 12% RCM will ITC Available, plz clarify my doubt.

Thanking you,

There is long term capital gain on sale of land and building in private limited company. How to post journal entry for indexation? If I won't consider indexation in accounting, then tax under MAT provisions applies which is very high. So how to proceed?
Kindly reply this is little urgent. Thanks

Respected members,
What are the consequences or provisions applicable if we will not add any godown or additional place of business and keep stock that has proper invoices & Assume that if any clerk or officer of the GST (below the JC / AC level ) inspects the same and make a video, what are the situation generally faced by taxpayer
kind guide in this manner

If both Husband & Wife are Doctors & if wife remains as inactive partner can they both a form a partnership firm and run a hospital in the name of the firm??

Please provide guidance on Clubbing provision & other applicable provision of I.Tax Act.

A plot purchased on 17/10/1989 at Rs. 12000/- and Registration expenses incurred Rs. 1065/-. The plot has been sold on 01/02/2022 at Rs. 2175000/-. What will be the capital gain ?

Sir,
Our client is not under the purview of audit and return has been filed. Bank now requesting to submit balance sheet and profit and loss account along with CA attestation on the same.Can we do it along with report of Compilation under 4410.Please guide

Sir/mam,

This FY 2021-22 Turnover is 7 Cr PY 2020-21 turnover is 21 Cr and purchaser turnover is FY 21-22 2 cr , we can deduct tds to purchaser both turnovers is lessthan 10cr in this financial year ,

Plz kindly suggest tds 194q applicable or not

Hello Experts,
One of the employee has received incentives and paid through online transfer. Later this has been shown in the salary slip in that month as earnings and simultaneously it has been shown as deduction side as other deductions. Is this a correct process please let me know and explain me the process. Also do each company has different process like this.