Sir,

An employee is posted as Accountant with gross salary of INR 35,000.00 p.m.
In addition to the above salary, he is getting fees of INR 15,000.00 p.a. for filing TDS returns for the same employer.

What would be the treatment of the fees? Salary or Fees for Professional Services? Any provision in this regard under the Income-tax Act?

Dear Sir,
A company has six branch in different states, therefore having separate GSTIN also. But the company has only one current Account. All branches payment, expenses, credit are being done with same bank account.

In this scenario since we have different GSTIN in all states, how to maintain Account of separate branches with one bank Account wherein most of the debit & credit entries are related to other branches.

Pls guide how to tackle this scenario....

Thanks

Journal entry of salary with p tax, pf, esi, canteen recovery deduction. A canteen Bill raised by a vendor of RS 50000/- out of which only 40000/- recovered from employees and RS 10000/- not recovered from the employee as they left the job.

I am requesting you all to give detailed notes on Inventory Valuation,Opening & Closing entry in Tally and Normal entry for Opening & Closing Stock entry

where may come nigative figure in Profit and loss account and balance sheet.

School van was purchased through finance, how to entry the due amount with interest in tally.? for ex: Due amount was Rs.20000 & interest was Rs.10000. In tally single entry system, i made entries in payment voucher like, accounts - bank a/cs (credit ); ledger- finance due (debit )-20000 ; interest (debit)-10000; in total 30000/-. is that right.?

whether whole time director remuneration come under salary and wages under scheduled III of profit and loss account.

can I make GST Input register monthly in this way

Sales 1000
Add Debit Note 100
Add GST Payable RCM 200
Sub Total 1300
Less Credit Note 50
Sub Total 1250
Less GST Input 500
GST Input RCM 200 700
Net payable by Cash 700
Is correct process

Insurance exp. paid regarding insurance of car ,
my question is that insurance exp. should be added to cost of car and charge depreciation and second time onwards insurance exp.
should be divided between two Financial years and charges to P/L account when expenses related to 2 Financial years.

1.Material which are used for manufacturing the products are Raw Material.
2.Finished goods which are incomplete i.e., partial work done and further work is required to convert the same into FG are WIP.
3.Goods which are ready to remove from factory are Finished Goods.
these are parts of inventories, but how to know how many are WIP and Finished Goods