When accounting for an investment in an associate or a subsidiary or a joint venture, an investor restricts its reporting in the cash flow statement to the cash flows between itself and the investee/joint venture, for example, cash flows relating to dividends and advances. what does restrict mean?
Revision in UDIN after expiry of 60days
Please guide, can we revise the figures provided in generation of UDIN after the expiry of 60 days ?
Income tax deduction for a contract employee having 50+ lpa salary
Hi,
As per email, the company will deduct only 10% TDS from the salary and rest will be deposited in my account. Do I have to pay more taxes when filing ITR or that would be it?
Accounting group of security deposit of rent received.
what would be the accounting group of security deposit of rent received.
Import igst claim
One client import of goods from outside country and paid IGST to the custom department. so can we take IGST input against local liability on basis of GSTR2B OR need to go for IGST refund?
TCS ON AMOUNT ON FOREIGN TRIP
DEAR SIR
I DEPOSITED 380000/ AS BOOKING AMOUNT FOR US TOUR IN FINANCIAL YEAR 19-20 TO TOUR OPERATOR.BUT I UTILISED THAT MONEY IN MAY 2023 AND COMPLETED MY TOUR.
NOW I AM BOOKING FOR CANADA TOUR . AND TOUR OPERATOR IS ASKING ME TO SUBMIT TCS FORM . WILL THE AMOUNT OF 380000/WHICH I DEPOSITED IN FINANCIAL YEAR 19-20 BUT UTILISED MONEY IN MAY2023,WILL BE ADDED IN THIS TCS FORM?
ITC on Import IGST
Dear Experts,
We have paid custom duty including IGST on 20th Nov 2023 and it is showing in 2A, but we received the goods on 03rd Dec-2023.
Can we claim ITC in Nov or we should avail the same in Dec because of 16(2)(b) condition.
Kindly advise.
Rakesh Sharma
Income from partnershipfirm
Sir,
I am partner in partnership firm and Income receive only from this two firms and no other income.
I want to know whether i can claim depreciation from that income and other indirect expenses.
NPA Loan of Indian Bank
I have a car loan account in Indian Bank. Availed the loan in May 2019 with tenure of 7 years. Due to some medical conditions, I failed ro pay some EMIs. Now my loan account is under NPA and the bank officials are asking for full payment of the remaining amount. I want to ask whether there is any provision of restructuring the loan as I already have about 30 months of EMIs to pay. Please suggest the procedure if there is any.
ITC ON CREDIT CARD INTEREST
Dear Experts,
Can we avail ITC of GST on credit card loan interest?
Credit card loan is used for business purpose only.
Thanking You
Nirmal
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AS 3- Cash flows