Can a company pay rent of director's house as company expense, especially when director is working from that very place only.

Dear Team,
I am working in a Chemical Industry, we made one sale of Hexane to party but the party met an accident and few quantity find in good condition and remaining qty we lost. So the qty which is in good condition delivered to the party. So i would like to know how we will make accounting entry for the same.

A Ltd, not being a Company engaged in trading of share, has sold a part of its equity investment in its subsidiary, B Ltd. and thus earned a profit of Rs. 10,000 crores. This investment being a Long Term Investment, A Ltd paid LTCG Tax on the profit so earned. Now, while computing average 3-years Profit for computation of CSR expenses, will A Ltd consider this LTCG as an element of profit u/s 198 of the Companies Act, 2013 ?

Hi Sir,

Good Morining...!

Invoice relating to Trademark Renewal Government fee. how to account this in books of accounts.

The bill has IGST and included of professional fees as well separately.

Dear Sir / Madam,

I wish to understand the possibility of not charging the balance of amortization of Leasehold improvement asset, after returning the office place.

To elaborate, I am putting the below pointers.

The office space was taken on lease rent.
These expenses were capitalized and is being amortized over the period of 5 years.

after an year, due to covid, we are forced to return this additional space and we have the amount of Rs. 60 lacs still to be amortized.

however we are not in a position to bear this one time hit in PL.

Could we park this in BS under the head like " pending for Appropriation" and take this charge in PL over the period?

Please help.

Thanks,

Sangita

Dear Sir

Please suggest WE have received advance from Sundry debtors to sale some goods. But stock not available to us same stock to us with 2nd firm. Can firm 1 issued Purchase invoice to 2nd firm and then 2nd firm sold to goods to sundry debtors

Total WDV of BLock as on 01.04.2019 =ONE CRORE (For 8 Vehicles)
Sold 3 vehicles for rs TWENTY LAKH as on 30.06.2019

Please advise the treatment of accounting entries.
Calculation of depreciation. is any profit or loss should be calculated on sale of this 3 vehicles please advise me.

What are the TDS rates?? for making payment to LLP Firm

Students can buy classes for CA Final, CS Executive, CS Professional, CMA Final Lectures of Best Faculties will be listed in this app. Demo of all the classes will be available to student.

Hy All !

Factory rent is direct cost or indirect cost( Proprietorship firm)
If its direct cost, please mention its legal section or As.
I am showing factory rent in indirect exp.