bank statement
This query is : Resolved
22 April 2009
Sir,
I am accounting for sub contractor for gov.roads,bridges etc.The firm is individual he has cc of rs.30,00,000 and other secured loans.While accounting bank ac loan process fees,search report etc such charges bank has charged how should i account in p/L (bank charges OR loan process fess) & in bank statement 100,000.00 & 50,000.00 these amounts has been debited saying Share Capital (how should it be accounted in tally)
Is servicetax applicable for sub contractor (for gov schme: for roads,bridges,dranage)his turnover is min rs 1,00,00,000
I am accounting for sub contractor for gov.roads,bridges etc.The firm is individual he has cc of rs.30,00,000 and other secured loans.While accounting bank ac loan process fees,search report etc such charges bank has charged how should i account in p/L (bank charges OR loan process fess) & in bank statement 100,000.00 & 50,000.00 these amounts has been debited saying Share Capital (how should it be accounted in tally)
Is servicetax applicable for sub contractor (for gov schme: for roads,bridges,dranage)his turnover is min rs 1,00,00,000
22 April 2009
Mr survesh,
book this as loan processing fees and reflect in p/l account.For amount of share of partners, credit their name and creat capital account. this will reflect B/S as capital.
Service tax will be applie as turnover go to 1 Crore, make ST registration also.Any further query ,mail me on cabrijbhushan@gmail.com.
book this as loan processing fees and reflect in p/l account.For amount of share of partners, credit their name and creat capital account. this will reflect B/S as capital.
Service tax will be applie as turnover go to 1 Crore, make ST registration also.Any further query ,mail me on cabrijbhushan@gmail.com.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
