Sir,

1) Is there any restriction between religious trust and charitable trust for accepting or paying of donations, in cash
properties.
2) Same person becoming managing trustee, trustees of two different trusts,any restriction on funding mutually for charity payments,
3) Employees provident fundis is it combulsory for the trust office staff

Please reply sir.

Income tax liability on NPS WITHDRAWAL BEFORE 60 years

I am an accountant with a partnership firm.

My organisation firm pays rent and service tax for a piece of land.

on other hand we provide the land to the customer for sports on hour basis and charge it as a rent and also collect service tax from them and deposit with Govt Treasury.

My query is whether could I get set-off of service tax paid by on rent.

Thanks
Babukhan

In construction of power/other project liquidated damage is recovered from many Vendor and same is lying separately in other GL. Now at the time of capitalisation of asset whether this LD should be taken as Income and credit to be apportioned to all the assets. or asset value of each respective contract should be reduced by that value of LD( it is not feasible in most of cases)

While creating provision for audit fee on march 31st, whether service is to be included? Example if Audit fee is rs 25000 and service tax rs 3750, what amount is to be created as provision? Also if short provision is created can we treat the balance amount as prior period item?

If a company does not built a qualifying asset but it purchases a qualifying asset whether the borrowing costs incurred on it will be capitalized??
Pls solve my query

Sir,
I record transactions of March month Statement through Credit card have February expenses. How will I record March month expenses in April Month Statement.

Under Loan Licensing Segment in Pharma Industry how is the Accounting done in the books to the company who is manufacturing drugs on behalf of the License holder ? What amount of Sales are booked. What is the difference between Gross Sales Vs Net Sales in Loan Licensing ??

Dear Sir,

Advertising expenditure had incurred in F.Y 2016-17 for our Project which was completed in F.Y 2016-17. But the management was not approved Advertisement expenditure in F. Y 2016-17. Now F.Y 2017-18 that expenditure have approved and said that make the payment . I have deducted TDS for the Advertisement . I have booked F.Y 2017-18 .
is it required to book in F.Y 2016-17 & deducted the TDS the F.Y 2016-17 . We have already filled TDS return 4th Qtr F.Y 2016-17. Management also said that your book the expenses in F.Y 2017-18.


Kindly advice on the same

Thanks

Respected sir / Mam,If in question for accounting for foreign branch , it is asked to prepare trading and profit n loss a/c of a foreign branch of a ltd company , WHETHER WE SHOULD GO AS PER SCHEDULE III or a T shaped a/c?>>and what if required trading n p/l a/c is for both branch and company?