Some party's deduct TDS under 194H in 2017-18 but this TDS arouse in the year 2016-17. So can we get claim in the current year if YES. Plz say how to pass entries.
Hii
Can you explain me the treatment of 'Provision for Bad debts' in Cash flow statement under indirect method?
My assumption is that the prov. debited in P&L A/C is to be added back as non cash item and the changes in the Balance of the Prov. A/C as per the Balance sheet is to be added or subtracted accordingly as 'Changes in Working capital'
Is my assumption right?
Pls explain with a suitable example
Thank you
Jai Ganesh A
(Student- CA-IPCC)
Hsn wise summary is not auto populated in GSTR 2. Hsn summary give in GSTR 2 is compulsory or not?
Why is INCREASE IN STOCK used for calculation of stock reserve and not CLOSING STOCK in some cases?
Can some tell regarding implementation of IFRS in India. It deadline and present position?
Dear Experts,
I am working in a petrol bunk, we have a depot and several petrol bunks.
we use our own trucks/tankers for the transportation of petrol/diesel from our suppliers to depot and also from depot to petrol bunks and to the whole sale customers depots. For these trucks, we use diesel from our own petrol bunks.
my question is how to treat the consumption of diesel for these trucks, I am using tally erp with accounting and inventory. i want to reduce the stock and book the expenses for the diesel consumption.
request you to help me,
thanks in advance
Rens Sebastin Lukose
A firm took over an existing business..and they are doing modifications in the building and infrastructure.The firm is engaged in a different line of business earlier. The firm has no business activities during the year. They incur the following expenses during the year being electricity charges, telephone charges, documentation , security charge, travelling and so on.. .. It is to be noted that the the infrastructure was existing on took over. Should all these indirect expenses to be capitalised for the year??,If they are having Building&godown WIP during the year...?
Respected Sir, I want know Rate of depreciation as per Income Tax Act
1) Plant & Machinery
2) Furniture & Fixture
3) Air Conditioner
4) Electric Installation
5) Motor Cycle
6) Office Equipment Fax Machine Water Cooler Your immediate responce will be highly appreciated With best regards,
Tayyyab Sayyad
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Tds deduct under 194h