shivkumar pujari
07 August 2025 at 18:27

Asset Head of Anesthesia Machine

Anesthesia Machine Asset Head Plant and Machinery or Medical Equipment which is correct


govind
04 August 2025 at 16:49

Sale of Building - profit

Hi, individual who sold his building for 2,50,00000 but it's cost value 1,43,00000 can I book the profit for the difference amount or credit capital account


JAGANATHAN R ACMA, SAP(Fi-Co)

Hi.,

Greeting!!!
Can you share the List of Government Subsidies schemes available for shipyard construction in india

With regards
Jagan


Kunal Kumar Jha

Respected Sir/Madam,
I am CA Kunal Kumar Jha (Membership No. 516948), and I am seeking clarification regarding the applicability of the Guidance Note on Financial Statements of Non-Corporate Entities issued by the Institute.
My specific query is whether the above-mentioned Guidance Note is applicable in the following cases:
1. Educational institutions such as schools and colleges that are run under a registered trust /Society and whose income is exempt under the Income Tax Act, 1961.
2. NGOs operating under a registered trust /Society, where the main source of income is grants received from funding agencies (including FCRA grants), and such grants are utilized in accordance with the specific directions of the respective funding agencies.
I request you to kindly guide us on whether the Guidance Note is applicable to the entities mentioned above.
Thanking you,


KANAV SINGH

........................................................................................!



SUKHVEER SINGH

WE HAVE PROVIDED FREE TOUR BENEFIT TO OUR ESTEED CUSTOMERS IN THE LAST FY. AS PER SECTION 194 R OF INCOME TAX ACT, TDS U/S 194R REQUIRED TO BE DEDUCTED ON THE BENEFIT PROVIDED. I HAVE POST THE TDS ENTRY IN THE RESPECTIVE CUSTOME ACCOUNT. BUT HOW I WILL SHOW THE BENFIT ENTRY IN THE CUSTOMER ACCOUNT. AS ITS IS FREE PERQUISITE


Prasant Maharana
15 July 2025 at 12:08

Treatment of Accounts-

Our company is a laboratory Private company and we have opened a new branch at jaipur on Rental (Building on Rental basis) and we have made Laboratory Lab on our own cost around to Rs.30 Lac & above.
Please suggest shall we book under Repair & Maintenance as the building is on rental basis
or
we should book lab under Fixed Assets..


Allauddin Patel
12 July 2025 at 08:56

Ginning machinery

My question is ..
Can old ginning machinery sell as scrap and if we sell ginning machinery as scrap then what goods name and hsn should we mention in our tax invoice ?


Daya

whether provision are made for Provision for taxation, Deffered Tax Assets and Deffered Tax Liability while finalisation of Trial Balance on 31st March.





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