Dear
Please tell me How many years should maintain books of accounts & related documents for Income Tax purpose ?

what entry should be in tally for provosion of income tax in Partner ship firm & Ltd company

i want to pass a same entry 100 times in tall 9. is there any shortcut to copy and paste in tally.
Plz reponse as u read

What Should be the treatment of the assets which has been fully depreciated but physically using in the business?Whether assets to be further revalued?
Plz reply !!!
Deepak

which exchange rate can be used for recording foreign transactions as per as 11?

our client using the cbec rate whihc incorrect, but how can i jusify the same with reference to as 11?

How to calculate machine Hour Rate For Manufacturing company

Also Give One Example Pls.......
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Thanks

Dear Experts,

I am teribally confuse about the closing stock entries passed in accounts. I have seen many small business houses entering closing stock amounts directly in a accounting software (i.e. without mainting any inventory records).

Can any body expalin me in detail how to account for clousing stocks in a proper way?

Thanks in advance.

We are the company importing goods from abroad. Now for the purpose of calculating foreign exchange loss/ profit, rate of exhange to be considred is whether as announced by CBDT for custom duty valuation purpose or as announced by RBI.

What is CIF and FOB? Pls provide the meanings in details alongwith its accounting treatment

a pvt ltd co. made fixed deposit for 1 year on 01/10/2010 carrying int@7.25%.

but company withdrew the fd on 15/04/2011. interest credited on 31/3/2011 @7.25% & deducted tax @10% .

however they paid interest @3.25% from 01/10/10 to 14/04/2011 since the fd was withdrawn before 1 year.

my querey:

1. How journal entry should be passed on 31/03/2011 ie. @7.25% or 3.25%

if @7.25% then which account should be debited at the time of receipt of payment for the difference of interest not received on 15/04/2011.

urgenlty waiting for your reply.
thanks in advance