SIR

We are doing logistics business and providing trucks for our business. How will the depreciation be charged?

thanks in advance

1. If the Holding Private Limited Company inot mandatorily required to folllow Ind AS for standalone and Consolidated Financial Statement ?

2. If The Consolidated Financial statements are required to be prepared on line by line basis ?
3. As per last page of Division I of Schedule III of The companies Act 2013 in table under General Instructions for the preparation of CFS it is required to mention Minority Interst (Investment as per Equity Method). What is this Equity Method ?

Dear Sir

In the month of March WE have paid Insurance premium but due to some issue we have cancelled the same in march month. but now in this month june we have received insurance premium refund after deduted Rs.981/- Please suggest entry in the books of account.

Please let me know, Do we get ITC on marine insurance.?

SIR
Direct expenses should be accounted under the group of Revenue Accounts? If it is yes, why it should be accounted like that?
pls give me explanation.

thanks in advance

SIR
A Pvt Ltd Co. namely X providing its own trucks to the business of transport services and issues sale invoices to the party for services rendered.

On the other part, X takes trucks from Y , who also provider of transport service, for hiring and use them to its own business?

Similarly, Y takes trucks from X for hiring?

Finally X has issued sale invoices to Y and Y also has issued its sale invoices to X for hiring of trucks.

Here, Directors for both X and Y are the same.

Is this process correct?
Sale invoice to be acceptable ?
Applicability of TDS if any?
Any contractual agreement needed?

Thanks in advance

I have a query about detailed procedure of reconstitution of the partnership firm after the death of a partner

RESPECTED SIR WHETHER PF PT & ESI ARE APPLICABLE ON MONTHLY SALARY BASIS OR NO OF DAYS WORKED IN ORGANISATION? WHETHER THIS THREE COMPONENTS ARE APPLICABLE ON THE BASIS OF SALARY FOR MONTH OR NO OF DAYS PRESENT IN ORGANISATION ? IF ANY EMPLOYEE WORKED FOR 20 DAYS OUT OF 26 DAYS IN MONTH THEN WHAT SHOULD BE DEDUCTION FOR THREE ITEM MENTIONED ABOVE ? WHETHER IT WILL BE IN PROPORTION OF NO OF DAYS WORKED OR WHETHER IT IS FIXED EVERY MONTH ON THE BASIS OF CTC KINDLY ADVISE ON THE MATTER CIRCULARS ARE WELCOMED FOR REPLY

SIR
We are providing transport service and issue sale invoice for our service. The party will deduct tds in our payment. we account it
dr TDS
cr party name

but TDS ledger not closed. What are the entries required for tds ledger to be closed?
guide me pls

Hello Experts,

We are a Manufacture of Electric Vehicle. For getting approval of the vehicles for manufacturing we are required to get the model approved from various organizations like ARAI, ICAT, etc. Only after the approval of such organizations, we can start manufacturing the vehicles. My question is whether such fees paid can we capitalized or are these required to be shown as expenses. Also, we have paid land booking amount for the land allotted by Rajasthan govt. Whether such land booking amount is capitalized or not???