Hy All !

Factory rent is direct cost or indirect cost( Proprietorship firm)
If its direct cost, please mention its legal section or As.
I am showing factory rent in indirect exp.

hello, in my proprietorship business I see some notices have been generated in portal because of less paying of TDS but we paid less because of government rules.

for example which was 2% we did 1.5%

what needs to be done?

Company has incurred below pre-operative expenses which is lying in respective CWIP recently so after commercial production start how it should be treated in books of accounts as per IND AS for capitalisation and in how many years it should be amortised/depreciated.

A) Trial Run Expenses
B) Travelling & Hotel Expenses of professional/Technical Consultant For Production
C) Technical consulting Expenses for Machinery
D) Training Expenses for Mass production
E) ECB Interest capitalization
F) Pre-Operative Salary
G) Consumable items purchase for Machinery Production

Sir,
I.t.assess unsecured loan and Sundry debtor(cash loan) outstanding ledger balance as on 31-03-20 in books.
1.unsecured loan (name Mr.A) balance Rs: 4 lacs.
2.sundry debtor cash loan(name Mr.B) balance Rs:5 lacs.
1.Unsecured loan balance Mr.A Rs:4 lacs amount transferred to Sundry debtor loan Mr.B account Contra accounting entries passed in books f y.20-21
2.balance amount Rs: 1 lacs cash receipts from debtor Mr.B. f y 20-21
Question:
Above two transactions f.y.20-21 allowed in I.t. act.

How long should a bad debt take to be written off?

Dear Sir,

Let me know the useful life of scaffolding system using for construction of buildings.

Regards
shanta Kumar

Bank have imposed cancellation charges on forward contract to us. what is the accounting treatment of it. Our forward contract comes under cash flow hedge.

Hi, in proprietorship business do I have to deduct TDS on services like following?

- Electricity
- Office Maintenance
- Food for Employees from Restaurants
- Video Streaming like Netflix

WHEN APPLY TCS ON COMPLETE MONTH PURCHASE CAN PURCHASE RETURN LESS INTO THE TOTAL AMOUNT CAN MY SALER PARTY PAY TCS BEHALF ME

We are charging Shipping charges on Export Bills to party , when payment received, total amount credited to party account , but shipping charges we levied on invoice now showing in income account. but in reality this is not income and its adding in profit , so please can any one suggest how to adjust the shipping bill amount so it could not show in income account. it should be nulify shold not be added in profit in loss....