Sir,
A partnership firm cash withdrawal some amount one of the partner after negative balance show in partner capital account.
Question:
Negative balance Amount partner capital account show procedure in balance sheet.

Sir,
Sec 44ada professional income
person it returns filed in f.y.20-21.accounting records maintained tally accounting software used.
Question:
1.assess accounting records
Daybook and ledger book copies Print out only or and cash book print out compulsory
Or
2.tally data backup only.

Is cash flow statement mandatory for LLP?


Thanks in Advance

What type of documents can be authorized by a Tax Consultant? Can he certify unaudited balance sheet, balance sheet for small banking loans (say upto 2 lakh), small project reports (say upto 5 lakh)?

What is the difference between creditor for purchase and creditor for expenses in balance sheet.?
Thank you

Would some one suggest me the method of passing journal entries - in relation to RCM, RCM is eligble for availment of input. Kindly give illustrations also. A known person suggested the entries, but I am not satisfied with the same. Hence posted in this forum

Sir,
A Temple which is governed by trust. A trust has already a bank account which is operated manually at Bank. Can I convert this trust bank account into net banking or else mobile banking?
Is there any other procedure for operating trust bank account online. Like neft ,rtgs through mail.

Company has crossed Rs. 5 cr profit in FY 2018-19, whether the Company is required to spend on CSR Activities for 3 financial years i.e. for FY 2019-20, 2020-21 & 2021-22 ( including this FY). on 2019-20, 2020-21, the profit is below 5 crores .
As per the General Circular No. 14 /2021 dt. 25th Aug 2021 of MCA they had issued a FAQ .
A company satisfying any of the following criteria during the immediately preceding financial year is required to comply with CSR provisions specified under section 135(1) of the Companies Act, 2013 read with the Companies (CSR Policy) Rules, 2014 made thereunder:
(i) net worth of rupees five hundred crore or more, or
(ii) turnover of rupees one thousand crore or more, or
(iii) net profit of rupees five crore or more

As our above three criteria s are not matching , as per the circular of 25th Aug 2021, our auditors says there is no need to provide the CSR expenditure for FY 2020-21.

But as per our company secretaries is the FAQs on CSR as notified on 25th August, 2021 as just the FAQs based on the Act and Rules, these do not override the main section or the Rules.

Further the Rule 3(2) of the CSR Rules is still effective and has not undergone change or is void due to new changes incorporated through CSR Amendment Rules.

so as per CS Company has crossed Rs. 5 cr Turnover in FY 2018-19, hence as per the Rule 3(2) of the CSR Rules, the Company is required to spend on CSR Activities for 3 financial years i.e. for FY 2019-20, 2020-21 & 2021-22 .
I am very confused with the different opinions of CA & CS please guide me on this matter

Regards
sheela nair

Dear Sir,
I have Query regarding Gift paid by Mother -in- low (Age 80) paid to her daughter-in-law of a Jewellery of Rs.100000/- . Both are running a Proprietor Business. How to Give Treatment in both books of account ...Is this Un Secured Loan or What...

If we are running a restaurant bussiness and we are also delivering food via zomato & swiggy then zomato and swiggy cut their commission with axes and send us money on weekly basis after deducting tds and tcs. For their commission they gave us a service fee invoice.
So the question is
Why they cut tds and tcs ?
Bcz we are not giving them in any service and invoice