Sir please clear the concept of sales in Transit and also tell me why cst or other tax is not imposed on a bill of sales in transit .

Respected Sir,

if Mr.A is employee receiving salary of Rs. 9500/- pm i.e 114000 pa. + bonus of Rs.10000/- pa.

Also he received security charges of Rs. 20000/- pm but chq. is received in the name of his son B [ who is minor ]. i.e 240000/- p.a.

Now my question is can he take PERSONAL LOAN by including his son (B) minor income in the INCOME TAX RETURN.

its urgent plz help me.

Advance received from customer where will be shown it in revised schedule vi,can i shown it in current liability

Dear Sir,

Pl let me know the meaning of the following presentations

M/s ABCDE Ltd.
A/c xyzab Pvt Ltd.

Question: Who is the service receiver?
Question: Is xyzab Pvt Ltd. eligible to books of bill?
Question: Can XYZAB Pvt Ltd. take CENVAT Credit?

Thanks in Advance

Hi,
Is Schedule VI is not applicable for May 2012 IPCC Exam?

But I have received the latest study Material issued by the ICAI (BOS) covers the Schedule VI(revised). i studied Schedule VI(revised).

Pls advice me may i go on with Schedule VI(revised) or should i apply the earlier version?

My company had some Rupee got converted to Dollar.
Suppose the exchange rate of Dollar to Rupees is Rs 50.00.
I converted Rs 5000.00 to dollars with an Agency ABC LTD. (Cheque given in the name of Agency)..

What would be my J.E's .

It's urgent, Please revert

Hi, Can any one provide me annual report of Cold Storage Company.

respected sir,
I have doubt about Accouting entries of contractors how should ia can do it in tally9.and contractors are like decorators, painters etc

tell me if company purchase an asset(computer)on nov month then on what % and how the depriciation calculated as per companies act

pls clear full calculation sheet with each step of out come

We had paid Marine Insurance to Insurance Co.on Import Consignment ,now I want to know in which head it will be Debited i.e Purchase Imported Or Insurance Exp. A/c