Hi Team,

I want to know,
how much would be deduction, if payment is to be maid is just crossed threshold limit.

For Example

for year 2011-12

Threshold limit for 194 j = 30000

and payment to be maid is = 30,500

then tds will be calculated on (30500)*10% or (30500 - 30000)*10%

Thanks in advance

Kumar

my query is regarding deduction of TDS

1.one auditor resigned in march of a listed co,now new Auditor Has to be appointed but NOT KNOW ,then when to deduct TDS & Also Submit The Return..?

2.suppose if expense is not debited in PNL then Whrther TDS is Applicable ?

Please guid me .How to transfer the balance of profit and loss to capital account of partners. As Profit and loss is the primary group and can not be taken for journal entry . Which accounr should be prapared under this head to transfer the balnce

In tally when i check sundry debtors under Current Asets it is displaying 11 Lac. But when i am checking before six months and exceeding six month debtors it is displaying Apprx 12 lac.

Why different arise in amount? Which one is right?

1) What is the purpose of PART IV ( Balance Sheet abstract and Company's General Business Profile ) of the Schedule VI of Companies Act 1956?
2) Is it mandatory to make it the part of the Annual Report
3) Whether it is applicable to all the Companise?

Sir,

I deposited Rs. 6000/- in our SBI CC A/c.
what entry should I pass.

I passed in Tally as Contra
In the Account coloumn taken Cash
In the particulars coloumn taken SBI CC a/c.

Is it correct.
We are not entering for cash & bank entries in tally.
Debit
Credit.
In the particulars coloumn entred SBI CC only.

the following information is available for a week.

400 kg of raw materials were actually used in producing product 'exe'. The purchase cost thereof being Rs.24800. The standard price per kg of raw materials is Rs.60. The expected output is 12 units of product 'exe' from each kg of raw material. Raw material price variance and usage variance as computed by cost accountant are Rs.800(adverse) & 600(adverse) respectively.

calculate & explain with logic budgeted output & actual output ??

Thanks in advance
waiting for your reply.

Pls tell me that what is the mean of AMC in accounting terms
A interviewer ask me that tell me the journal entry of AMC while I cant understand the means of AMC

Is Bank Account a real account or personal account?

Question
Ms Janie, a client who has traded as a hardware merchant for the last five years, has told you that she finds difficulty in understanding the draft profit and loss account for the year ended 31 December 2010 which has been prepared by your assistant. Ms Janie’s main concern is that, although the accounts show a profit, the bank overdraft at 31 December 2010 was significantly higher than it was a year earlier.
Required:
Write a report, indicating your response and opinion to Ms Janie