May be, we can record the full amount (rent + GST) as a 'prepaid Rent' asset.
Not sure though. Need to check with CA CS here. Tag them, there are many good CAs here.
DBA Lessons for Founders -
Topic 2: Types of Adjusting Entries - Prepaid Expenses (Converting Assets to Expenses)
You're still running Tech Solutions India. 🚀
What are Prepaid Expenses? 🤔
Sometimes, your business pays for things in advance 💰
Income Tax season is here:
Dont forget to claim House Rent Allowance (HRA) deduction given by your company so that you can save a substantial amount of tax.
0 replies7 likes
Gituparna Sarma
Co-founding Entrepre... • 1m
Starting a Company in India
Can Eat You Alive — Even if You’re Broke
Tag your CA friends, they’ll cry too.
Started an OPC thinking it's "just a formality"?
Even if you made ₹0, the govt wants an audit like you're Infosys.
Statutory Audit = Manda
Here are 10 important accounting tasks to complete before 31-03-2025 to ensure a smooth financial year-end closing and compliance:
✅ 1. Reconcile All Bank Accounts
Ensure that bank statements match the books of accounts. Resolve any discrepancies b
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0 replies2 likes
Shubham Patel
•
E-Cell, IIT Bombay • 5m
Mehnat ki kamai par moti rakam maangte hue pakadi gyi 😅( Caught demanding huge amount for hard earned money)
Tax -Treatment of popcorn 🍿
The Goods and Services Tax (GST) Council, chaired by the finance minister and including state representative
Medial has disappointed me. V less interactions, v less informative. Not a single reason for me to continue My premium membership, even though it's a small amount. There is a slight catch if being a social media for startup, when here is nothing for
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0 replies3 likes
CA Sumit Chandwani
The New way of Compl... • 1d
From Numbers to Narratives: What Being a CA Really Feels Like
📊 Being a Chartered Accountant isn’t just about balancing books and filing returns.
It’s about creating clarity out of chaos, building trust with clients, and staying calm when complianc
Continue-Tax and Accounting Compliance within the Online Gaming Sphere!!
Value of supply of online gaming including online money gaming
Value =Total paid or payable to or deposited with the supplier by way of money or money's worth, including virtu
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2 replies6 likes
Surya Reddy
Every thing happens ... • 3m
hii guys,
iam here to announce a startup idea which is useful for all it is mainly like transferring of money and it is mainly have a separate folders to your money
(folders for money)
for ex:-
if your father send a 10000 rs for your monthly expenses
