Dear Experts

In response to the documents asked by tax department for assessment of ITR of the company for a particular year ,the employer is required to submit salary/remuneration details with below details along with other non-salary details of financials.

My queries are

1, Are all details are mandatory and relevant ? Why are they asking Banking details.?

2. At Sr. no. 6, what details should be provided ?
(i) Gross salary as per salary registers(all twelve months) before any deduction(PF/Tax) will suffice ? This details will not have reim(tele/books/LTA etc) and other perqs directly paid by employer for employees ? or
(ii) details from 24Q Annual salary details( that has gross taxable salary including taxable Perqs), will serve the purpose ?
With which they will cross check the above submitted details ? Please guide all the query.

1, Name of employees 2. Address along with contact nos 3.Designation and Nature of work 4. Qualification 5. Permanent Account Number 6. Amount of salary and remuneration paid during the year 7.Account number and bank address of the employee where salary/remuneration is deposited

Many thanks
Regards
Puran

Dear Sir's
This is M. Senthilnathan from Coimbatore i am working as an accountant in coimbatore based company.

I need some clarifications from you regarding Export.

We are going to start export sales to Middle east countries with in this FY.

This is first time i am going to handle the Export sales

Kindly help me about what are the basic works i want to do on this?

Hi,

I start my office and for renovation I have paid for electric fitting, paint, cctv and celling exp. I want to know under which head I should make a entry in tally for these expenses.

Dear Experts, i am a tax consultant , i have received many receipts in my current account for govt tax payments whether income tax, GST, MCA etc.,, payments . clients as a normal practice send amount to my current account , after i will made payment on behalf of clients from my current account , to various govt payments, now my query at the time of receipt under which account i will the amount received for payment, Kindly please clarify in Detailed.

if company distributed divided in particular FY, will this effect calculation of bonus, if Yes please share calculation sheet.

Dear Experts,

i am a tax consultant , i have received many receipts in my current account for govt tax payments whether income tax, GST, MCA etc.,, payments .

clients as a normal practice send amount to my current account , after i will made payment on behalf of clients from my current account , to various govt payments,
now my query at the time of receipt under which account i will the amount received for payment, Kindly please clarify in Detailed.

hi any one reply me, how to record municipal taxes paid during the current year of previous which is not recorded earlier.
means earlier year expenses paid during the current year which was not recorded earlier, plz, clear with entries.

Hi Frens,
on 31st we counted physical stock warehouse, so on 1st i need to update these closing stock value in Tally, so whether i should take cost price including tax or exculding tax? Example:- Mango Syrup, base price is 10, GST is 2, so total Rs.12. so how should update in tally? Rs.10 or Rs.12?

We have just started with Job Work in our factory. The principal issues material and informs us quantity of pcs to be made from the material, however, with our manufacturing efficiency we save some material. We wanted to know how can we account this material.
Eg. Principal issues 100Ton steel and we have agreed to produce 10000 pcs from the same. Further, after processing 10000 pcs, we generate 4 tons scrap and 1 ton steel fresh is saved. Now how do we account for this 1 ton steel. Consideration paid is per pcs, however, we complete the challan by entering the full weight of 100tons. We sell the scrap as that is allowed and in general process, but for fresh steel we are not able to understand the accounting.

When Asset is bought from outside India on credit and we apply notification (added to cost of asset), if loss happens we add the extent of loss to the cost of the asset and the value of the creditors is increased to that extent. When we prepare cash flow statement, what is the treatment to be done with regard to the above case?