Dear Experts

Kindly advise we have paid salaries to employees in the month April-2020 (Lock Down Period) and paid PT to the department also.
But after lack down decided to not to pay salary for the month of April-2020 and deducted the amount in the months of June july aug-2020.

Kindly advise PT paid for the month of April-2020 is without salary pt payment is there in our books.

How to adjust this amount

An LLP has an existing shareholding pattern of 95:5 ( by A & B) with Capital contribution @ 10L. Now a new partner (C) is joining the same & 1 of the existing partner is retiring & the other partner is also selling his stake.
The New Partners - A & C
New Shareholding - 50:50.
But C is buying the stakes of A & B for a total Sum of 25L.

So what will be the Accounting effect for the same in the books of LLP & partners & how the gain on sale of shareholding needs to be booked at & at what rate it will be taxable ?

Respected Sirs/Madam,


Please guide me. I have Income from commission business received + salary +Dividend . I have some confusion regarding balance sheet prepare for own Income tax Return. Please let me now earlier years and current years personal Investment in shares / Gold/Deposits should be shown in balance sheet or not . In Liabilities and assets should be only shown transactions relates to commissions business. In further years I will shown income under sale of shares/property/ Deposits etc.



Thanks & regards
Bhupender
bhupenderka@yahoo.co.in

customer deposited excess cash against cash memo in bank, extra cash return to customer, then what are the entries in accounting books. Rs.100 cash memo, customer deposited Rs.110 in bank, Rs.10 cash return to customer

Under which head should company Driver's salary it be entered if driver is not on payroll?

Hello Every one

we have taken mon power service from XYZ party and pay against .
but in covid -19 pandemic govt pay one side PF amount and we were recover excess payment to that party......
now in which account recovery amount will be booked?????

I HAD PURCHASED A CAR VALUE 8LAKH . LOAN TAKEN FROM AXIS BANK LET SAY (5LAKH) BUT WHEN I CALLED FOR LEDGER FROM MY CAR DEALER AS CAR DEALER ACCOUNT IS NOT BECOMING ZERO.
I FOUND ONE THING THAT THEY DEBITED OUR ACCOUNT FROM ONLY RS.494700( AXIS BANK LOAN)
WHY THERE IS DIFFERENCE?

Hello,

After adoption of hedge accounting under Ind AS - exchange fluctuation on revaluation parked in OCI.
Will there be any impact of the same on Normal provisions or MAT considering Section 43AA of the Income Tax Act ?
Kindly note that, the above exchange fluctuation is on ECB loans used for purchase of imported/local capital assets.

When is current investment treated as investing activity in cash flow statement

hello every one ,
last year we were done a expense and treated it as capital work in process but in current year the scenario is change, we want to include this expense in current year as expense.

how can we do it???
please help me.......