We have Entered a Agreement towards Erection & Commission of Solvent Plant With XYZ(PLC) Party. But XYZ Party has sublet Fabrication Work to ABC(Individual) and Asked us to Make Payment on his behalf to ABC for Mobilization & Fabrication Work at Site. Please Suggest can i make payment of ABC and Debit to XYZ and What Rate of TDS Should I Deducted from Advance Payment, Whether 1% or 2%.

Sir,
We have private limited company, in this company we are having 55 branches.
My query is:
Can we pay the professional tax for each branch???
Or
Can we pay the professional tax for directors

Please suggest me

Sir i have paid car insurance of rs 74918 on 13.04.2017, how much amount will be prepaid as 31.3.2018 and also solve accounting entries..

Hi
A company deal with another company for event .
The deal amount is USD 5995
After some time event organiser company receive USD 5945 only
It means company receive USD 50 lesser
How event company will do accounting
How it represent 50 USD
How company will raise invoice after receiveing 5945

Dear Sir,
Thank you in advance..

There some amount credited in my bank account which is not recognizable due to insufficient information in bank statement narration.
Now quarry is can i account per in my books of account as "Suspense account" or can i show in BRS in excel is enough without enter in
to books as on 31st march 2018

We have lease agreement with Landlord from Jan 2016 to Dec 2020 having rent of 192,000 from Jan 16 to Dec 16 then 202,000 from Jan 17 to Dec 17 then 212,000 from Jan 18 to Dec 18 then 222,000 from Jan 19 to Dec 19 then 232,000 from Jan 20 to Dec 20.
Total Rent payable for 60 months is Rs.1,27,20,000/-
Average monthly rent is Rs.212,000/-
In F.Y.16-17, Rent equalization reserve was created of Rs.210,000/-
So my question is do i need to create this reserve every year and what is the purpose of creating as i am not giving any advance to lessor i am making monthly payment.
If i have to create reserve this year then will it be Rs.90,000 reserve.
Please let me know wehther it is correct and what accounting entry will i pass .

Dear experts,

1 director left pvt. ltd. company & sold his 7000 shares @ rs.10 each to others two directors in equal distributions (i.e 3500 shares @ rs. 10 each).

How to pass these accounting entry? please help.

Hello dear expertsSold a house 50 percent amount received in last year and 50 percent amount received in current year and same for the expenses incurred on it and registry also done in current year. So my question is in which year have to calculate capital gain

Hi All,

Wanted to know what all documents are required for processing forex payments ?

Secondly, is 15CA/CB required to be attached with every foreign payment or is it a periodic document?

Please also elaborate the process of drafting and filing 15CA/CB.

Thanks a lot.

Respected All

we received an electricity bill from 10.03.18 to 09.04.18 with rs 50000/- in the m/o April,2018

so pls clear that we book this bill amount in month of march,2018 or april,2018 or partially in the month of march and april.

what should be correct entry??

Regards
Atul KUmar