A person has Gross Receipts of Rs 450000 & he is availing new Sec 44AD.As a result his tax liability is nil. This person is not maintaining Books of A/c (Balance Sheet n Mail).
Will such a person get home loan on the basis of ITR? If not then what is such a person suppose to do in order to get home loan?

Rent Rs.10000; Provision for bad debts(old) Rs.10000; Salaries Rs.8000; Apprentice Premium(credit) Rs.12000
Gross profit Rs.70000
Net profit of the firm will be__________? and how?

Dear Sir,

Can we deposit >Rs. 20000/- by cash in our sundry creditor's (Supplier) bank a/c in a single day against his balance.

We have cash in hand >20000 in the same day

when a company pay roc fees like filing fees of annual accounts and any other roc fees then how we do its accounting treatment in books

Hello

What will be the accounting entry of TDS on provision.

1) Exp. Dr
TO provision for expe. (net of TDS)
To TDS payable (TDS amount)

2) Exp. Dr
Party Dr (TDS amount)
To Provision for Exp. (Exp. Provision amount)
To TDS Payable (TDS amount)

Please guide me

WHAT IS THE ACCOUNTING TREATMENT OF FLEET CARD PURCHASE

Hi,

Can any one thro light on the following?

My client has taken INR-USD swap for INR Loan from Indian bank for term loan. The term loan is for capex. The bank is sending
MTM Loss statement on a daily basis. For the qtr ended Rs. 50 lacs. Should i recognise this loss as MTM in P&L? What is the AS to be followed. Is it AS 30, 31, 32 or AS11.If i follow AS11, since this loan is for capex, can i adjust Loss/profit in the carrying amount of Fixed assets.

Request opinion.

What are the statutory requirements[Returns and Forms to various authorities] of a Private limited Company in a Financial Year?

Sir please help me,what is Gratuity..its deduction from my salary every month..what will be benefit to me?

Hi, All


I have deducted tds in advacne and paid to govt

how to adjust in bill

kindly guide me
Mrityunjay