We are running a school, paid fee to Govt for school recognition fee, under which head we update in tally direct exp or Indirect exp . Whether we consider it as rates and taxes under indirect exp.
Pls helpus

Should i show and depreciate Windows operating system purchased with office computer with tangible fixed asset block along with computer value, or do i need to show it separately as intangible asset? My confusion is because income tax act group "computer including computer software" under tangible asset but as per AS10 and AS26 they should be shown separately.

I run a digital marketing agency, and it is registered under LLP. I work with one freelancer and make her monthly payments. I have not deducted any TDS while making her payment so far. Should I start deducting TDS? And for past transactions, is it possible to file TDS? Please note that I have not held any TDS from past payments, and the transaction value exceeds INR 25K . Thanks.

under which head can put Office plants and pots and wall photos worth AED 2000/-

Can put under expense Office plants and wall photos?

If I make payment of exhibition charges out side India, what will be entry in tally

In case of cash discount given to a buyer, the seller will record Discount Allowed as an expense in Profit and loss account. Which document will be issued to the buyer showing the amount of discount allowed to him?

Dear Sir / Madam,

We received notice from EPFO for payment under section 14B (Damage) & 7Q (Interest).

After many attempt and Discussion we paid the amount as per notice.

Now, They ask payment details with Covering letter.

So, Please give give me a draft covering letter.

Thanks in Advance.

Closing stock a/c...debited
To purchase account
or
Closing stock a/c...debited To trading account

1. WHICH ENTRIES IS CORRECT
2. DIFFERENT BETWEEN BOTH ENTRIES

Reserves & Surplus Rs. xxx
1. Profit before depreciation and tax (PBDT) Rs. 200
2. Depreciation Rs. 150
3. Profit before Tax Rs. 50
4. Profit after Tax Rs. 40
A) Which of this above four items will be added in Reserve and Surplus ??
B) Why??

Dear Sir/Madam
Please guide me on below issues :-

1. What is the Accounting Treatment of Gain/Loss on Defined Benefit Plans (Actuarial Valuation). Please provide accounting entries with nature of Account i.e. Balance Sheet item or P&L item

2. What is the treatment of OCI in calculation of MAT or Deferred Tax Assets / Deferred Tax Liability