Respected sir

our one client have deducted 20% from salary for April month due to Lockdown.
they want to know whether they can show this 20% deduction for statutory liability like Pf and Esi also ?
how to show this 20% deduction ?
please advice fast

Hi

there is a wrong debit balance in name of bank loan account, and no such bank loan exists in book of account, so how can be removed such error in our current year books.

Book loss - Rs.100/-
Income tax Loss -Rs.80/- (due to disallowance of expense of Rs.20/-)

Deferred tax liability or asset ?
On what amount ? on 100 or 80 or on 20 ?
Please reply me with reason.
I am waiting for reply.

Dear All, Pl help for below two questions..

1. Kindly provide the journal entry for contingent liability. Can it be shown in balance sheet or by way of notes to accounts only ?

2. If accruals entries (income and expenses) are not shown in books will it have any accounting impact ?

Assess trading of stocks and derivatives in shares
How to passed accounting entries
1.intra trade for stocks
2. Intra trade for future and options
3.positional trade for stocks( delivery)
4.positional trade for future and options.

Hello,
I have a question regarding TDS on Salary.
Can Non-Auditable Individual deduct TDS on Salary ?

what will be entry after maturity of FD with interest. If we had shown accured interest entry in previous years.

Please inform me , difference between MISC INCOME & MISC RECEIPT.

Please inform me , difference between SECURED LOAN & UNSECURED LOAN with example.

Hello Sir,
I have jewellery Business, and run a jewellery plan in which customer Give 11 installment payment each month and purchase jewellery 12 month with Discount.
example : Customer pay 2000 * 11 month = 22000 +2000 Add Bonus as discount 12 month, Now Customer purchase jewelley in 12 month.

please Suggest how entry in Accounting.
1.The money the customer has given will go from which account to which account in Accounting
2.Discount As Called Bonus Entry in Accounting
2.Scheme Amount Show in balancesheet
3.How to show scheme Amount in Balance Sheet
4.Jewellery Saving Plan according to tax and law

Sir I want to know the treatment of proposed dividend for nov 2020 exams..