Dear Sir,

I WANT TO ASK A QUERY REGARDING TALLY- SALARY RELATED DURING LOCKDOWN
AS AN EXAMPLE ONE PERSON SALARY ENTRY OR ENTRY BEFORE LOCKDOWN

SALARY A/C -Dr. 65000
TO TDS ON SALARY 6761
TO AJAY SALARY PAYABLE 58239

MY QUERY IS DURING LOCKDOWN WE PROVIDE THEM SALARY Rs.35000 IN AJAY ACCOUNT BUT IN TDS RETURN WE DEDUCT Rs.6761/- FROM APRIL TILL JUNE 2020.
WE DEDUCT HIS SALARY ON THE BASIS OF LEAVES .
HOW TO MAKE ENTRY REGARDING THIS PLEASE SUGGEST UNDER WHICH LEDGER (UNDER LEDGER HEAD) WE WILL SHOW DEDUCTABLE AMOUNT.
SO THAT ACCOUNTS LOOK PERFECT.

I want to start the business as e commerce opertor. I will register the vendor on my site and the products will be choosen by the customer and will be deliverd as per the details of the customer. I will collect the amount and remit the balance deducting my commission. The all vendors are with in the state (registerd and unregisterd persons under gst).
what was the accounting treatements and what kind of books should be maintained?
and also what is the GST Applicability?

Dear Experts
I am trying to register an enterprise for Udyam since last week. But at the time final submit of OTP. I am getting error "There is server error. Please try again later".
I tried to submit the application from 5 different browsers.
a. Can you please help me with resolving the error?
b. Can we apply for Udyam manually at DIC?
The applicant entrepreneur is valid Aadhaar Card holder.

Dear Sir,
Please suggest us how to prepare provisional,estimated and projected balance sheet with an example. How it calculated.


Thanks

Under which group does the trustee goes in tally if he gives a cheque to his own trust

I am having a problem regarding GST applicable for in the scenario of old gold exchange with new ornaments.
Example
A gave 12 grms of old gold say the value is 30000.
A purchased 20 grms of new ornaments of Rs 60000
How the GST should be calculated 20 grm -12 gm =8 GRM =(14000+making chg 4000)*3%
or
The GST will be charged on the total value of 20 grms

kindly reply

Dear sir

If i sale Goods As donation and , what would be the sale entry ??

What is the limit for donation sales ??if  cash or Bank ??

Please suggest me 



Thanks in Advance 

Madhu

Hi all!

The following is the doubt I have:

DTA as on 31.03.2019: Rs. 16.85

Depreciation for FY 2019-20:
As per Accounting: Rs. 1266.61
As per Income Tax: Rs. 495.71

Going by the depreciation route, the DTA is Rs. 200.44 [(1266.61-495.71)*26%]

WDV as on 31.03.2020:
As per Accounting: Rs. 3625.68
As per Income Tax: Rs. 4461.39

Going by the WDV route, the DTA comes to Rs. 217.29 [(4461.39-3625.68)*26%]

Now, my doubt here is, Which of the below entries is correct?

DTA A/c Dr. 200.44
To P&L A/c 200.44
(Here the net effect is Closing DTA is Rs. 217.29 [200.44+16.85] - same as that arrived at by WDV route)

(or)

DTA A/c Dr 183.59
To P&L A/c 183.59
(Here the net effect is keeping Closing DTA as 200.44 and creating DTA for the difference [200.44-16.85])

I tried to read various articles and also tried to read & understand AS-22 but I could not get this.
Please guide me...

And also, it is really appreciated if you could point me to the exact source/guideline/paragraph, etc. on which your answer is based ( I ask this because I could not find the source and I want to gain knowledge, no other intention)

Thanks in advance...

Dear Sir / Madam

We have a branch office in Bangalore and we transferred fund from our Bangalore Branch office's bank account to Kolkata Head office Bank account.
Please guide me about the Accounting entries.

With Regards
Shomenath Pyne

Sir

I am doing part-time Accounting to Restaurant. It is under composition scheme but it's turnover is more than 1.5 crore. So its GST-Composition scheme under Regular basis.

TYPE-1

Last F.Y (ie.2019-20) I passed the purchase entry in tally under given below.

1. Gas purchase from Prabhu Gas Agency Rs.1200/-

Prabhu Gas Agency a/c .................Dr. 1200
To 18% Gas Purchase a/c Rs.1,000
To CGST @9% Rs. 100
To SGST @9% Rs. 100
(Being the Purchase of Gas vide B.No.1096)

TYPE - 2

This F.Y (2020-21) I passed the purchase entry in tally under given below

2. Gas purchase from Prabhu Gas Agency Rs.1200/-

Prabhu Gas Agency a/c .................Dr. 1,200
To 18% Gas PurchaseS a/c Rs.1,200
(Being the Purchase of Gas vide B.No.1195)



Please clarify and guide to me on above which type entry is best suitable for both to GST & Income-Tax purpose.