1. Building is still construction progress ma xa. Yeslai Construction & Renovation/Construction in progress or aru k name ma ledger create garna sakinxa? Ra yeslai kun group like, Assets, Expenses kun group under ma rakhinxa?

2. As a Income tax rules building construction nasakida samma ra bulding business purpose ko lagi use ma nauda samma ko incurred intrest expenses lai capitalized garinxa, but internal rules (regular accounting treat) ma k garinxa:- New FY ma interest expenses lai capitalized garera balance ma carry forward garne k interest expenses ma nai rakhera balance sheet ko reserve and surplus kam garera nai balance sheet next FY ko lagi carry forward garene?

3. Ani Construction bill ko payment garda TDS applicable xa ki nai? if applicable… TDS individual each and every bill ma TDS deduct garera payment garne ki final payment ma hole bill ko TDS deduct garda hunxa?

3. Hospitality/Hotel haruma kasto kasto objects harulai stock manna sakinxa...?

4. Non-life insurance like, vehicle, building, stock ko insurance payment garda TDS applicable hunxaki nai ?

5. Suppose, VAT sale bill issue as a name of customer B instead of customer A, in this case how to refund VAT from customer B and reissue VAT bill as a name of A. Because of, billing system is certified from IRD, which is not editable.

Please updated all individual question..... as soon as possible.

Thank You...

1. Building Under Construction

Ledger Name: Construction in Progress or Building Under Construction

Group: Fixed Assets (sub-category under "Property, Plant & Equipment")

2. Depends on which accounting framework you use. In general same as Tax rules.

If construction is completed then treat the interest amount as expense but if the construction is not completed yet, then keep capitalizing the interest amount.

3. TDS hunchha, Contract payments exceeding Rs 50,000 in moving 11 days = 1.5% (TDS)

4. Food & Beverages, Housekeeping Supplies (Soap, shampoo, tissues, linens, towels), Guest Amenities (Toiletries, water bottles, snacks), Kitchen Supplies (Groceries, cooking oil, utensils) haru lai rakhna milyo

5. Non life insurance lai premium payment garda TDS deduct garnu parena, 

6. Issue a Credit Note to Customer B for the incorrect VAT invoice. Then reissue a Correct Invoice in Customer A's Name.

Please note that we are not accounting consultants and do not possess precise information regarding the nature of your business. Therefore, some answers provided may not align perfectly with your specific business. It is essential to consult with your auditor for accurate guidance. Khata Business Academy or any instructor cannot be held responsible for any issues that may arise.