Hello

Let say if you using below clause for remuneration, is it still required to specify a figure for salary to working partners?

"The remuneration payable to the working partners above shall be credited to their respective accounts on ascertainment of book profits. The total remuneration/bonus shall not extend as per the limits laid down under clause 5 of section 40 (b) of the I.T. Act 1961 , and the above calculation of the remuneration is also subject to variation, if any changes made under clause 5 of section 40 (b) of the Income Tax Act , 1961."

I have one doubt regarding Indirect method of preparing cashflow statementIn cashflow statement whenever in additional information it given as net profit for the year endedxx is ₹xx after providing depreciation we used to add back depreciation only while doing adjustments for non cash and non operating items for eg ques 7 of practice manual of Acc pg no: 2.33Now as per question no 10 of practice manual of Fm they have added profit by sale of fixed asset as well -ques no 10 pg no 3.67My doubt is if we are giving effect of non operating items such as profit / sale then why no treatment for other operating items for eg dividend payable given Is there printing error in solutions?

Sir,
How we will account Partners salary in tally....under which head? which ledger or groups are require for it....please guide me

Dear Sir,

Our Co. bought a New Machinery in Parts and its Assemble and Install at Factory. A bought a parts on different date. Please Suggest to how to its record in the books because if we record as in parts then inventory and Fixed assets both will creates and it show in balance sheet as current assets. And also please suggest treatment of tax liability.

is composition dealer liable to file gstr 3b ?

Dear Experts

If X receives goods from Y on 30 March 2017 but receives invoice on 4-Apr in respect thereof then how will accounting be done in books of both X and Y?

What will be the entries in two financial years involved?

regards
shivani

Can anyone please explain this Fully paid 8% preference shares of face value of Rs. 10,00,000 were redeemed at a premium of 3%.In this connection 60,000 equity shares of Rs. 10 each were issued at premium of Rs. 2 per share. The entire money being received with applications.

dear sir i want to know we provide services to university institution and income tax office department , should we charge gst in this bill or not ?? kindly help .

if i have not provided my gst no to my service provider can i take a input for the gst( i am a registered dealer) eg. we have purchased food from a abc hotel as a staff welfare i not provided my gstin in this case can i claim input tax...he ll be not my regular supplier

just join a private school as a accountant, they didn't have maintained computerised accounting but they have tally software. i know tally working but due to no current backup and working system this is hard to me for maintain it. many types of monthly fee many many expenses daily basis.. please suggest any way of maintain everything..