If a company does not built a qualifying asset but it purchases a qualifying asset whether the borrowing costs incurred on it will be capitalized??
Pls solve my query

Can anyone pls provide format for Internal audit report

Hello everyone,

We have received goods inspection bill from our foreign supplier in EURO and we will make payment in EURO only.

Our foreign supplier have India PAN number, now please help me to understood which section applicable for TDS deduction 195 OR 194J ?

Waiting for valuable reply.

Regards
Sandip Lambe

how to pass entry

Can anybody share the information how cash transaction of the period from 8/11/2016 to 31/12/2016 to include in financial statement for the year 2016-2017

Hi Sirs,

I have an LLP client with one resident and one non-resident partners. Non-resident partners contribution is regulated by FEMA. It has to be made to a bank account only and necessary approval is also required. (This incorporation was not done by me) . Now the issue is they havent opened bank account as of 31st March 2017. And we cannot show the contribution from NR partner.

PLease help me clarify the following doubts

1) Is it possible that one partner can choose to not contribute in the incorporating year for an LLP?
2)As of 31st March, can I show the contribution from resident partner only and show the contribution from NR partner in 2017-18?
3) In Form 11 of LLP, total obligation is Rs 10000, (Rs 5000 each), and the total contribution recd will be only Rs 5000 right? Only the contribution from resident partner? And next year, it will be 10000 once we show contribution from NR partner also.

Is there any reporting liability for any addition in Capital Account of an LLP?

In our company, we are paying meals expenses to our employees working at our client place directly to the respective catering agency in their place. based on the number of employees without any invoice received from the service provider.

my query is whether I need to deduct the TDS and pay the service tax also?

income tax refunded 10050, income tax 9550, interest 550 whts is journal entry

hello sir..
it was my attempt in may 17. in previous attempt in group 1 I had scored 163 marks. this attempt I ll be securing better than earlisr attempt but am not sure as i would pass. since last one year i am at home and engaged only in studies.
now untill results are declared PADHNE KA MANN NAHI KAR RAHA. should i join some work? or i should completely leave CA and get into Govt. jobs.