what is contingent Liability and matching principle.

Journal entry of stale what should passed.
For Debtors and creditors
Received Rs. 10 Lakhs on 1st Jan. 2022 But not cleared
Payment Rs. 5 Lakhs 0n 1st Jan.2022 But not cleared
12/05/2022 what entry should be passed.

why debit and credit Equal in Tral Balance.

what is Time limit to MSME and what is Returns to fill not payment of MSME half yearly returns,

what is definition of supply under GST.

My query is whether grants received from government by a charitable institution to be reported
in Form 10 BD.

Kindly clarify

Dear Sir,

We are getting the following error while doing TDS return for the 4th Quarter.

"T-FV-2001 'Invalid Batch Header (BH) Record Length' i.e., number of fields in the batch header are not as per file format."

How to resolve this issue. Please help

Thanks in Advance

As per sec 10(10a) of IT act, commuted pension received by a Government Employee is fully exempt from tax. For non- Govt Employees, only part exemption is allowed.
My question is "Do the PSU bank employees come under the definition of Govt. Employee" for the purpose of this section?

New ITR forms for AY 22-23 is asking the pensioners mark the nature of employment which includes different options like CG - Pensioners, SG pensioners, PSU pensioners, other pensioners. (CG / SG - Central Govt / State Govt). Once it is marked as PSU pensioner, can the IT exemption be claimed for commuted pension which is fully exempt explicitly for Govt Employees only?

Can you therefore please comment / advise whether commuted pension is fully or partly exempt for us PSU bank employees?

For export business (Zero rated supply), the input GST we have paid is not an expense (no need to add with purchases or expenses in P/l) and it is to be shown in receivables under current asset until the ITC received. whether this statement is correct?

Dear experts
Which option will select in type of deductee section like 0020,0021 while make tds payment of both company and non company in a single challan. For example we'll make payment u/s 194c there's including total 200 deductee both company and individuals. Kindly help me to clear the doubt.