i have paid tds + interest.Actual interest was 3 % for two month,but i have paid only 1.5 % of interest on tds.can i pay remaining 1.5 % of interest ?

I Have Bill Which Are Inculed Material And Wages So That I Want To Know That I Am Doing Accounts At A Contractor. So That I Am Dedcut Tds On Its Bill or Not.

Dear Experts Please Tell Me That What % Of Expenses are allowable under I.Tax Act 1961

If We Have a manufacturing Unit and Sale Amount Rs 35,00,000 & Purchase Amt Rs.32,00,000/ Then What amount of expenses are allowable under I Tax Act.1961
For Example
If We have sale of Rs 1,00,000 Then Freight Charges Up to Rs8500/-(8% of Sale Amount Are allowable)


1 Freight
2 Labour Charges
3 Business Promotion
4 Vehicle Running Expenses
5 Staff & Labour welfare
6 Travelling Expensess
7 Postage & telegrams

Pls Reply Me
Emal ID -nk96093@gmail.com

Hi
I have a query relating to the following topic
Whether purchase of calculators can be treated as a fixed asset or an expense if they are purchased with an intention to use them for more than one accounting year?
Can in any case purchase of them be a fixed asset?
Kindly clarify the doubt
with regards,
Mounika.

hi good morning sir this is muna kar.

i would like to know how to make the cash flow statement with schedule details and example.

thank you,

MUNAKAR

how to show the Proposed Dividend in the Balance sheet As per Revised Schedule -VI.
Whereas it is not liability of the Company .


But in Reliance Indus. Limited `s Balance Sheet the Proposed Dividend has been shown under the head -Short term provision. is it correct or not ?


in my opinion . Proposed Dividend is part of profit untill it is declared by the Share holders of the company please give right way.... prashanr kumat som

Our auditee has taken a land on a 200years lease at a cost of 1 crore. It wants to depriciate the cost at 10% WDV.Is it justified ? Please suggest.

Respected Sir/ Madam,
Thanks for Your past support.
My one of client is Charitable Trust.
I want to know That How many Year Books of Accounts and other files and voucher Keep in Records for Trust as per both Income tax Act and Indian Trust Act.

Please Give me clarification and as well as Sent me Which Notification or Circular Applicable . They are wanted Copy of Circular.

Please Help me i this matter.

Thanks and Regards

ANKIT GOR

Dear sir

we are in real estate firm and we received from customer security cheques aganist rent
this security cheque i want to enter in my books of accounts.please give me the journal entry and under which head i can create this ie(c/liability)
please help me

Dear Sir

Some of our assets are not temporarily in use due to spare capacity pursuant to decline in market demand. However, this phenomenon is temporary and accordingly use of these assets may vary from month to month - one month they are not used and in another month they are used. Is it possible not to charge depreciation on these assets in the months / period during which these are not used for production.