i know about sinking fund and hidden reserve.

Hi can any one tell me that, we are having trust and we take one room for rent(for labours) under which we make agreemnent with room owner also we pay advance amount Rs. 40000/- as a advance rent for every month now my Q is whether TDS is compulsary or not..... reply me as soon as possible with explaination...........

What are the diff between ESOP and Swear Equity Shares ???



How To Calculate Divisable profit in Case of Redemption preference Share??

thanks in advance

A company sold assets to its joint venture entity n book the profit in its sfs.n company dont have its subsidiary means As 21 wil not be attracted therefore As 27 wil also nt be applied.so wht abt profit book in company sfs.as one cant make profit out of him.if no treatment is done so above assumption wil nt hold gooeA

Sir,
I am a Manufacturer of VAT exempted Goods. We receive some Job Works from others and on which they deduct service tax @10%(Inv.Form 8C).My question is, how can we show such Invoice value in A/cs.I mean, Purchase Value incl. tax or separately.

Please Reply.

Sir,

Kindly guide tds on what amount to be deduced if payment made for hire charges but party raise bill charged vat on hire charges now the question arise whether tds has been deducted on incluidng vat amount of whole bill or without considering vat - this case is arise in Andhara pradesh this for your ready reference

Pls provide solution of above query at the earliest


Yours
Akbar

What is the Debit Memo and Credit Memo?

Thanks in advance

fazle_sap_fi@yahoo.in

If Asset is purchased by a manufaturing Unit and is used in the Office and not for production, then can VAT Credit be availed on that?

Eg. X, a manufacturing unit, purchased Furniture and is put to use in the office. Then VAT paid to be capitalised or input credit can be availed?

Pl. Reply

Thanks in advance:)

1.why dividend is exceptional item under As-4.as on balance sheet date it is not known that whether comapny will provde for dividend or not even dividend is provided in that year p&l only.why bcoz its a non adjuestig item as per the defination of As-4.

Q. X sends out goods costing 1,00,000 to Y at cost + 25%. Consignor's expenses Rs. 2,000. 3/5th of the goods were sold by consginee at 85000. Commission 2% on sales + 20% of gross sales less all commission exceeds invoice value. Amount of commission will be ?