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Vinod Madig
11 March 2020 at 12:21

ACCOUNTING SOFTWARE

I m started accounting service firm so plz suggest me which better accounting softewere.?


Sumit Arora
11 March 2020 at 11:28

Goods Damage and Gross profit Loss

Respected Sir,

Due to heavy rain, buileding poll down it effect huge stock has been damage. around 2000 Packet.Insurance company cover very less value. Please suggest to me how to pass the entry in books of account which not effect my Gross profit.
Please advise


Raghu PM
11 March 2020 at 11:24

TDS Filling for Govt. Employees

Hi Sir/Madam

How to file TDS return for Government employees (24Q) they are not paying tax through bank and its book adjustment.

Regards
Raghu PM


radheshwar sharma
11 March 2020 at 10:25

Itc claimned in wrong head.

In 2018-19 financial year , i wrongly clained itc of igst in cgst and sgst of Rs 4500/- . I realise it while filing annual return now . How i to rectify it ? or i have to pay cgst and sgst and igst lappsed ? . kindly , guide me.


kamala
11 March 2020 at 10:16

TDS

IS TDS applicable on effluent charges payable to service provider. If so under what section and how much


Nandini Agarwal
10 March 2020 at 22:51

Form 112

Are the signatures of the person under whom we are undergoing ca articleship required on the form 112 before getting it stamped by icai or the signatures of the student and principal of the college enough? Also plzz let me know, are we required to fill the page of recommendation of the employer in the form?


kamlesh
10 March 2020 at 21:08

Credit Card

Hi,

I am owner of Retail shop and i have a swiping machine in my Shop, if I'll swipe my credit card in my shop, what is happening in accounting. Is it capital entry or sale ?


Krishnan
10 March 2020 at 21:03

LTCG and Basic Exemption Limit

Can experts please clarify my below query with regard to LTCG, capital gain bond investment and basic exemption limit?
A person sells a house and have got 10 Lakh as capital gains. He doesn't have any other source of income except for FD interest of Rs.10000 in the current financial year (2019-20). As per Sec 54EC, if he invests the capital gains into capital gain bonds, he need not have to pay tax. In this case, after adjusting income from other sources (Rs.10000) from basic exemption limit of Rs.2,50,000, he still has balance of Rs.2,40,000. As such, can he only invest Rs.7,60,000 in capital gain bonds after adjusting against the balance Basic exemption limit to reduce his tax liability to 0? From what I understand, this was allowed but someone said this adjustment is no longer available from AY 2020-21 as part of FY-19 budget proposal. Please advise if this adjustment is still valid for current FY.


Sarath raj
10 March 2020 at 18:49

Debtors balance - Previous year

Sir,

One of our customer's bank receipt agst sales has been accounted as cash sales and same time sales entry booked in parties A/c as credit sales in the PY. Finalization & filing of PY already over.
Now Customer A/c showing, received amount as receivable.

Could you please suggest a way to rectify this error?


RAJGOPAL NARAYANAN
10 March 2020 at 16:18

DEPRECIATION

I want to know the depreciation rate of fitness center equipment s.