Sir ,

We have taken the insurance for stock movement from other country to anywhere in india and for that purpose we have paid the premium to the insurance company ,My Question is that whether tds is to be deducted on such payment .

Secondly is any other tax applicable pls specify .


Regards

Sir,
It assess construction of house value rs:43,20,345/- balance show in books.if assess new construction strated upstair recently and some expenses paid.
Question:
Assess construction expenses for upstair amount addition construction of house value or separately maintained correct procedure show in Books.

Our Company Sells to NDFC companies . This Sale is not backed by any Bank guarantee of Hypothecation agreement. In such a case for classification whether this can be considered Secured . As RBI has said they will support the NBFC to protect from liquidation. Further will the position become different if we take a hypothecation agreement from the NBFC based on which we classify as secured

IF I RECEIVED DIVIDEND FROM COMPANY ON IDCW PLAN & REINVESTING THE SAME IN MUTUAL FUND THEN WHAT WILL BE THE ENTRY

Dear Experts,
I have a query regarding the foreign exchange transaction booking.

We pay a vendor in the US in US dollars as an advance payment (Advance for 3 months work) for the services they will provide us in the coming months.
They send us the invoice monthly and the exchange rate is different so advance cannot be fully settled with the invoice they send us.

My question is how can we settle the advance payment with the invoices they send us as they send us a monthly invoice and the advance payment is done 3 months advance.
Should we settle it at the end of the year or every month or every 3 months using foreign exchange gain/loss account?

Many thanks in advance.

Regards,
Santosh

sir,
what is the difference between book keeping accounting and cloud accounting.

Dear Sir
One Advice Required For Accounting .
Our One Client Is making Transaction With Same Party For Receiving Of One Services And Providing Of another Services.
the Account For Receipt Or Payment Are Settled Monthly Basis .

Client Wants To Raise /Receive invoices For Net Amount After Adjusting Revenue for Providing service and Expenditure For Receiving of Services And Settele the Account .
Can LLP Do So Or Not ?
Please Advice As Per Accounting protocol As Well As Taxation Norms .

Dear Sir ,

I want to ask member and shareholder are the same term . we can use this words interchangeably . Secondly- COmapany can take loan or give loan to outsider .


REgards

Dear Sir,

Kindly clarify for FY 2019-20 TDS Not deducted for a party but in audit the auditor provide TDS and it paid in April'21 and revised return filed in Jul'21 and form 16 Dated Aug'21 send to party. But party rejected and not refund the amount telling reason as the period expired. Clarify

One of my client is having a SEZ branch whose purchase and sales are in dollars. However, when accounting is done in tally it is done in foreign currency . When I will prepare Balance sheet, I will need to convert these figures into foreign currency, should the impact of foreign exchange difference be given?
And also for bank accounts, should the impact of foreign exchange difference be given?