we have received invoice dtd. 13.03.18 for rent for the period from mar 2018 to feb 2019 from owner. we have issued some CDC AND PDC to the owner. Could you please let me know what journal entry to pass for this transaction ??Thanks

Can a director of private company take loan from same private company without showing details to ROC.
And
Can a director of private company provide loan to same company without any restriction

SIR I WANT TO KNOW ABOUT THAT I HAVE NOT DEDUCT TDS ON JOBWORK AND MY JOBWORK AMOUNT IS
1150000/- IN THE F.Y IF I WILL NOT DEDUCT TDS THAN HAVE ANY PROBLEM AND HAVE ANY PROBLEM THAN WHAT SHOULD I HAVE DONE

Sir,
We are running A ad agency with Turnover of Rs 1 crore per anum..
Please confirm can we book WHOLE SALES INCOME in current FY when AD CONTRACT period is started in CURRENT FY & GOING TO EXPIRED IN NEXT FY ?

Dear Experts,

Please guide, how to determine the value of imported goods in the following case:

01/03/2018 - Advance payment done - USD 1000 - Exchange Rate @ Rs.65/- - Value Rs.65000/-
07/03/2018 - Goods imported - Customs rate - Rs.64/- - Value Rs.64000/-

How to account the same in books? What is value of goods imported either Rs.65000/- or Rs.64000/-.

Dear sir,

our company transported through cargo ship from Port Blair to Chennai , we have received the invoice for transportation of material amounted Rs.26,599/-.

My query is, any TDS will deduct on this invoice or not. and what is limit for TDS on Transportation & % ?

Dear Sir,
We have purchased 5 truks for transporation of our finished goods to our party point . Now we have decided to lease out the trucks to a transporter . Who will pay all the expense relating to the trucks like payment of EMI, truk driver salary , truck running exp.
Now my question is how to deal with this case ?
I am thinking that we should charge from him the lease rental and he will charge from us the transport freight .
Pls advise

1) If a football league receives sponsorship money from its related party, how should sponsorship money be accounted in the books of account of the Sponsor and the receiver of the sponsorship ?

2) Under what section is TDS required to be done on the payments made to the players ? Does it make any difference if the players are not residents of India as per Income Tax provisions ?

If average inventory is `1,25,000 and closing inventory is `10,000 less than opening inventory then the value of closing inventory will be (A) ` 1,35,000 (B) ` 1,15,000 (C) ` 1,30,000 (D) ` 1,20,000

One of my friend is starting up an agriculture business as a partnership.
The have taken a land for lease to cultivate their crops.
The land owner claims profit share from the business instead of fixed lease/rental payments.
can any one let me know how to account this expense? under what nature of expenses?

Is there any restriction under any law for this kind of agreement between land owner (consideration for use of land as profit share from agriculture business)?

Thanks in Advance