Hi Experts,

Can a Proprietorship firm deduct the tax against an invoice from the vendor.?
For example,'ABC'is a proprietorship firm. ABC received an invoice from a vendor against "professional fee".
Now while making the payment to vendor against said invoice, whether the TDS amount can be deducted (sec.194J)or not by the Proprietor.?


Thanks,
Vijay

Dear Sir
In the Acc software tally i have one big doubt
presently i am working in construction company inthis case all materials like cement, bricks, interest on loans, etc charged to building account as an asset. at the year end there must be entry for depreciation , i am confusing in tally soft ware how to pass this entry
because after passing there is opening balance in next year in the above materials like cement, bricks, interest on loans etc accounts .how this is resolve in tally?
Will you please clarify me Sir

If the company is a infrastructure undertaking eligible for Sec 80IA tax holiday and in the given year, it has posted a huge book loss and even higher tax loss, is there a need for making any deferred tax adjustments in the books of account,(in the nature of DEFERRED TAX ASSET OR LIABILITY) given the fact, there is no tax incidence both as per books of account and tax accounts?
Please share your thoughts based on the accounting standard on taxes on income read with income tax provisions.
Thanks in advance

what is differnce between Revenue and Income according to ICAI standerds and his guidelines.

Dear,

I want the information regarding
1.How to interpret Balance sheet Data
2.Interpret the Ratio Analysis
3.Interpretation of ratios
4.How to interpret Cash Flow Statement,Fund flow, application money, Source of capital, etc.

Plz provide me any side or mail at
ronak24@aol.in

Thanks

Ronak

what exactly is turnover?
in case of person having professional receipts and bank interest and interest received as his incomes. then what will be his turnover? will it only be professional receipts or all the incomes will be included in his turnover?

how to account these type of transactions: if A is the brand name owner and B is manufacture,
pack and affix the label of A on behalf of A. and also print the mrp price on it. further B send
the goods to C (governement co.) to distribute the products through C 's various depots.
the products MRP price is 200/-( includes cost+ duties+C,s commission and retailers mrgin) A will
fix price for C - 150 on a commission of 5%. C selling price - 157.5/- retailer margin - 42.5
- mrp = 200 my quetion is that what is a/c treatment in the books of A,B,C.

We are importing a machinery. For that an LC have been opened and our bank have debited our CC account with Rs. 100900/- commission. What should be accounting treatment of that commission? Revenue or capitalised to Machiery?
Please answer, its important.

I deducted EPF of employees as per EPF A/c. i.e.12% from salary of employees & employer, but I deposited excess epf of employer share i.e. more than 12% for the period from Oct, 08 to Feb, 09, than adejustmenst I should have to do done now. whether it should be recoved from employees or adjusted in coming year epf contribution.

I would like to ask that if the date of order in case of merger is 06.01.09 and
the effective date in order is 09.04.09, then which date should be considered for giving the effects of merger in the books of transferor and transferre company.



thanks!