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?
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 HOW MUCH LIMIT OF CASH WITHDRAWN FROM BANK IN A DAY AND ALSO IN A YEAR
what is the rate of depreciation for water purifier according to companies act 2013?
Accounting entries when ROTDEP received and sale of RODTEP at discount price
thanks in advance
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.
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?
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
Is it not compulsory to issue draft assessment in the case of reassessment u/s 147
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
I'm working for a foreign company based in Finland and receiving salary to my Indian Bank. I'm a Indian resident. I didn't pay any tax to the particular foreign country - Finland.
I'm confused with ITR 2 - Schedule FA vs FSI
Should I need to fill both?
Can I get 50000 std deduction?
My tax auditor saying i won't get 50000 deduction b/c my company is not registered in India. And he is not giving importance to schedule fsi! He is filling only schedule FA in some software!
Vendors Quotation entry