Hi

I am working in service oriented company, we raised one invoice during march’10 for
Rs.10 lakh + tax, we have done sale promotional activity for 107 corporate out of
That 15 corporate service was not accepted by our client worth coming around rs.45000
=+ tax , that reversal communication we got it on may’10, still our 09-10 books are open
we suppose to reduce the 45000 during 09-10 but we have passed entry in 10-11, kindly
advice how to pass entries for this?

Regards
sridhar

A propritery Firm not Disclossing Saving A/C of Proprietor having Dr. balance now in F.Y 2009-10, The Income Tax refund of F.Y 2006-07 debited in above saving A/C.Now My Question is That How can we adjust opening balance of T.D.S recevable with this Refund.What is the Entry in F.Y 2009-10?????

dear frnds,

plz comment it .

What is fictitious assets?

thanx & regards
ram prakash

Dear Sirs,

What is an Impairment of Asset under Indian Accounting Standard and IFRS.

Regards

Sridhar

Dear all experts ,

I need a help i wan a know where to place the deffered tax assets/liability in cash flow. is it part to operating financial or investing...
pls answer with clear explanations pls .....

Dear All,

ours pvt ltd co, we are not registered under professional tax, but we are deducting the professional tax for our employees for past 4 Months,
so pls clarify me we hav to deduct or what to do

Regards,
Mrityunjay

SIR, CAN U GIVE ME NUMRECAL QUESTION OF ALL CHAPTER OF ACCOUNTS OF GORUP-1 & 2

What is the Percentage to be considered for calculating Gratuity
1. For Central Government employees
2. For Employees covered under Gratuity Act
3. For Employees not covered on any of these 2 catogeries.
With Regards,
Rajesh.
Sir sriramulu CA sir also waiting for VAT query reply from u...i have edited that question now.

Dear Expert,
If we have paid VAT in excess of the statutory requirement can we claim refund (Assume there is no sales return) In some cases for eg. the input maybe charged at 12.5% but if the output is just charged @ 1% in such a case can we claim refund? If refund is allowed will there be a cheque issue in our name?
With regards,
Regards.

Dear Expert,
1. If there is sales returns can we claim refund or just VAT adjustment alone is allowed. Upto what period the sales returns can he considered for refund or VAT adjustment?
2. Suppose if input is charged at 12.5% and the output is charged at 4% and the input tax paid is more than output tax say 10000 is input tax and 9000 is the output tax can we claim refund in this case? Pls. quote the sections also.
Thank you,
With regards,
Rajesh.
With Regards,
Rajesh