I want to know if there is no assets, no liabilities and no capital, can we mark balance sheet schedule in ITR 4 as N.A. or NIL. If not, how can we treat it?
This is a case, in which whole income is from insurance commission, where no expenditure is shown. Is filling ITR 4 correct?
Please let me know any University in India where Ph.D can be completed on distance education mode.
I have a query on TDS Return
In the TDS return if the challan details are mentioned separately for each and every deductee i.e. for eg in one challan amounting to say Rs.10,000/- there are 5 deductees of Rs.2,000/- each and in the TDS Return if it is mentioned that 5 challan and 5 deductee with the same challan No. If we add 5 challans the total amount will be Rs.10,000/-.
Kindly clarify whether this is acceptable by Income Tax Department. Incase if not acceptable then how to file revise TDS Return.
Hi,
Can someone tell me what all documents to refer for point of recognition of sale.
Actually in case of domestic sales, we consider the point of despatch as revenue recognition point.What is the logic? Is it correct as per IFRS and Indian GAAP?
For export sales, for CIF sales, we reverse the sales for which Bill of Lading is not yet made. I want to know the correctness and logic for this as well.
If someone can urgently respond on this, thanks
land is in dispute (dealt by High
Court). But sale deeds are clearly specified in our name. Advocate
informed us the source document to recognize the asset in our books is
sale deed. Hence we can recognize the asset in our books with a notes
on accounts indicating dispute on land at High court.
My question is whether i will so that land in my books of accounts if yes what will be the treatment.
Another qouestion what will be the profit or loss if i court final decision will go in my fabour or not and say the treatment
Profit on sale of an asset, to the extent of the depreciation charged off till the date of sale is to be credited to P&L and the balance credited to Capital Reserve.
IS THIS CORRECT??? Where at all in companies Act do we find such a provision??
Kindly help me out!! and fast!!
Please let me know whether surcharge & cess would be applicable on tds w.e.f 1st oct'2009 as per budget proposal ?
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
FBT