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Daya
26 May 2023 at 14:41

Is dividend declared from PAT

is dividend declared from Profit and after Tax ?
when book dividend receivable in books of accounts, if company declared dividend on or before 31st March but not paid till 31st march.


Prapti
26 May 2023 at 14:29

Vendors Quotation entry

Hello, I had an doubt regarding when the vendors quotation's are to be included in the pnl account. We are interior designers who also undertakes civil work and for the same we hire vendors ( labour basis) temporary to get the particular work done. Now we take advances from the client and aslo provide further advances to vendors to get the work done. Labours are direct expense for us. Many a times we receives the quotation before they starts with the work. So when should I add those expenses to COGs/ direct expenses?


ARVIND KUMAR SINGH
26 May 2023 at 13:49

CASH TRANSACTIONS TREATMENT

1. HOW MUCH LIMIT OF CASH RECEIVED ON NATURE OF LOAN REPAYMENT, DEPOSITS FOR A CO-OP. SOCIETY IN A DAY AND ALSO IN A YEAR BY A SINGLE PERSON OF SINGLE TRANSACTION.

2. HOW MUCH LIMIT OF CASH WITHDRAWN FROM BANK IN A DAY AND ALSO IN A YEAR


Yuva Raju

what is the rate of depreciation for water purifier according to companies act 2013?


Srikanth Co
26 May 2023 at 09:06

ACCOUNTING ENTRIES for RODTEP

Dear Sir/Madam,

Accounting entries when ROTDEP received and sale of RODTEP at discount price
thanks in advance


Ram Gupta
25 May 2023 at 23:24

Gst advance payment

i have received 1lakh for 10 months, i.e. 10lakh as advance for goods, but due to some reason i don't want to deliver goods and refund the payment received, i have paid GST on 10lakh (advance amount),so how can i receive that gst back, so that i can utilize it in some other sales.


CA Ritu Chauhan

Can a practicing CA be a designated partner in an LLP with it's spouse? Will the answer differ if the CA surrenders Certificate of Practice?


Accoun tant
25 May 2023 at 19:24

PF Interest in Income Tax

Dear Experts,

While filing ITR for an Individual who is having both Business and Salary Income.

We have included the Interest from PF Account as - Interest from Other Sources

Since the interest is below the threshold limit (ie 2.5 Lakhs) please advise where to Claim the corresponding Exemption in ITR


Chandra Kala
25 May 2023 at 17:17

Reassessment u/s 147

Is it not compulsory to issue draft assessment in the case of reassessment u/s 147


PARDEEP KAPIL
25 May 2023 at 17:08

Purchase of Modified Truck

Dear Sirs : One of my client manufacturing (RCM) Redymade Concrete Mixture for supply to constructions sites. He wishes to buy Transit Mixture ( modified ten wheel barrel truck) . My query is "can he claim INPUT CREDIT OF GST in his returns for purchase of these capital Goods" ... Regards