ApartmentADDA Frequently Asked Questions India's #1 Housing Society Portal

Have a Question?

All posts in Audit

How to create provision for this year?

Please follow the steps below to create provision for this year : Expense Tracker >> By Vendors >> Pass invoice entries as per provisional figures as on 31st March. This all will be shown as a payable in the report# 6. Outstanding Payments – By Expense Head  

How Can I get the Fixed deposit module from ADDA itself?

Please follow the steps below to get Fixed deposit module from ADDA itself : Login to Admin Dashboard>> Bank & Cash >> Fixed Deposits >> You can add your all activate fixed deposit and this can used to prepare Fixed deposit module at the time finalization of accounts. Since many factors . . . Read more

What do you mean by TDS?

Tax Deducted at Source or TDS is a means of collecting income tax in India. The provisions related to TDS are governed by the Income Tax Act of 1961. The law states that any permissible payment shall be paid after deducting prescribed percentage as tax – usually over a range . . . Read more

What do you mean by GST?

The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services. In effect, GST provides revenue for the government. In . . . Read more