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wether we have to interest on income tax in books of accounts for compqnies
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Dear Sir
Please advise to me
We have a partnership firm. as per partnership dead we need to pay 20000/- per month salary to both partner.so can we need to pay monthly amount ( Withdrawal house hold exp. )
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journal entry
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journal entry
This Query has 1 replies
Hi
I have a HUF with my wife and minor daughter. PAN is also there. We have started a small home based business of re-selling dry fruits. we purchase it in bulk and sell it in small packets.
how do i show the HUF income and maintain accounts, as the business is mainly in cash.
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Dear sir ,
Kindly provide me full detail that how to prepare Estimated and Projected Balance Sheet for the purpose of taking loan from the Bank.
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what is deferred expenditure? with example please...
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pls guide as to adjust cash amount. in which accounting head i have to adjust.
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If an organization has been continuously observing that historically 2-5% of its debtors never pay up. In such a scenario, is it legally possible for the organization to create a Provision for Bad Debts or a Bad debts reserve so that it need not unnecessarily bloat its profit and pay tax over money it is not going to get anyways??
If the above is not permissible, how does the organization get compensated for the tax paid on income never received?
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If due to ICDS 2 we include VAT and other taxes(for which credit available)in closing stock for tax computation purpose,do we need to create Deferred Tax Asset even for sole proprietorship concerns also??If yes then what will be the tax rate--will it be Avg Tax rate?[derived by (Tax payable/Total Income)]
And even that has been done how will it's reversal be done if in next year different tax slab applicable for that assessee?
please offer your valuable suggestion..
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
INTEREST ON INCOME TAX PROVISION