Dear Sir,

We had issued a Chq to an Institution who is an Non Profit Institutional in current FY.
So whether TDS attract and if TDS is liable then under which section to be deducted.

Dear Please recommed me "What to Do?"

As per Salary Agreement(Last Year):
A Lump sum of USD 16000 PA or ticket Worth USD 16000 will be given to employee every year.

During Current year-2011-12 the employee is appointed as Consultant (Not Employee)


Company received the reimbursement bill of 16000 USD during current year (2011-12) for Last Year (2010-11).

If we book this Expense as Travelling in Current year than this will be disallowed in IT Act .

Please recommend me how can i save this money in current financial year.

i am an accountant in a consultancy company
and we receive some advance amount and full amount after the placement of candidate but if the candidate is not placed we have to return the 75% of the amount.
what should be the accounting entry of the whole process.

Dear Members,

we have bought future contract for Silver @ 100 kg.now we have to pay 10 lacs for margin.but for get rid from daily mark to margin payment hurdle we have paid 15 lacs margin.so please :
1) Suggest accounting treatment for this margin
2) what about daily mark to margin
I have gone through with Guidence note but have little bit confused with mark to margin a/c.in my opinion in this case there is no need to open mark to market margin a/c because we already laid lumpsum amount for this.pl suggest???

hi all.. Kindly help me out. Suppose A is a holding company and B is its subsidiary. A is having 75% stake in B. Now A transfers 10% shares to third party i.e. C free of cost. What will be the accounting treatment in stand alone books of A and also traetment at time of consolidation of A & B as per IAS 27 and other relevant IAS.

Dear all,
How to check and maintain tds receivable certificate.is there any particular procedure to maintain it.

I want to know about TAN. no. and when we deduct tds from any party then how we issued form 16a to any party. Please provide me detail about this

Indentify which of the following are current assests
a) unabsorbed exp
b) shares in reliance
c) deferred tax assest ( Comp would make huge losses in the cmg year
d) debt divided by equity

a sum of 10000 due rom rao,which was also included in creditors for 12000....ans)creditors ac dr. to debtors ac10000 ...however i could not understand the logic... please elaborate

Deffered costs appering I the assest side of the balance sheet is of what nature ?
a) Fixed assets
b) Current assest
c) Intangible assest
d) Tangible assest