Dear Sir,

Advertising expenditure had incurred in F.Y 2016-17 for our Project which was completed in F.Y 2016-17. But the management was not approved Advertisement expenditure in F. Y 2016-17. Now F.Y 2017-18 that expenditure have approved and said that make the payment . I have deducted TDS for the Advertisement . I have booked F.Y 2017-18 .
is it required to book in F.Y 2016-17 & deducted the TDS the F.Y 2016-17 . We have already filled TDS return 4th Qtr F.Y 2016-17. Management also said that your book the expenses in F.Y 2017-18.


Kindly advice on the same

Thanks

Respected sir / Mam,If in question for accounting for foreign branch , it is asked to prepare trading and profit n loss a/c of a foreign branch of a ltd company , WHETHER WE SHOULD GO AS PER SCHEDULE III or a T shaped a/c?>>and what if required trading n p/l a/c is for both branch and company?

i have found a case during work i.e there is balance outstanding for Rs 20 lakhs due to purchase made by company from USA but company had claimed the quality rebate from importer and have not reduced the balance but now that company has been taken over by the new company and that new company has demanded the same amount. Our company has replied to them but no further reply from the new company. can we write off the balance now or not. is there any legal issue if we write off the balance

Hi , ours is new company , we started in nov2016. No TDS was deducted as no one in tax bracket. For FY 2017-18 few employees are in tax bracket we deducted TDS for them. So is company should file returns every month or quarterly. We paid totalTDS for April 2017 on 4 th may 2017to tax department . But we didn't filed the returns how much a employee we deducted. Should we file now or we can file in first Quater. Pls share your advice .Thanks in advance.

What is the treatment of gas subsidy received by individual? thanks in advance

calculator tricks for depreciation calculation??

dear sir if total sales during the year 2016-17 is 8656189 in then audit is applicable or not .

Sir,
The Client maintained deferred tax asset nearly Rs. 20,00,000 in FY 12-13 and filed Tax Audit Report. But after wards they didn't file any income tax returns. As per AS-22 if there is any certainty of taxable Income arises in following years only I need to maintain Deferred Tax Asset. But in the above company they are incurring losses in the following years. So I realize the maintainence of Deferred Tax Asset is not ethical. What will do for Closure of the amount reflected in Deferred Tax Asset?

Dear sir, I started working for a private company in Mumbai from 15th October 2016. I am getting my remuneration of ₹. 55000 in cash from said period. The same I am depositing in my bank account regularly. Prior to the current company I was working for another private company for the period 1st April to 17th august 2016. My remuneration was ₹. I 65000. In this company I was getting remuneration in Vijaya bank salary account opened by that company. I was getting my salary with TDS deducted. I am filing tax returns from past 3years. Now I want to purchase a home, and for which I have to give last six months bank statement. But in my bank statement the remuneration I get is displayed as cash deposited. Will I get a loan as per normal procedure in this situation?

I am confused that all electrical items in a company having considerable value for capitalization are electrical equipments.. and all office related equipments are office equipments..But air condition is a part of office equipment bcz my manager booked it as office equipment plz guide..