Dear All,

i want to know about the defination capital and input breifly.

Thanks

Hi, Can any one update me about professional Tax payable by the Director of a Pvt Ltd Company.Also is it true that even the Directors who are not in receipt of any remuneration also need to pay.
The professiona tax is as per Andhra Pradesh Rules.

Thanks in Advance.
suresh

I have one Dought regarding Valuation of Shares as closing Stocks. Can we Value them at Cost ?

thankyou very much for claryfying my doubt.i also want to know how IFRS gets converged with AS in india

x of kolkatta sends out goods costing 100000 to y of mumbai at cost+25%. consignor's expenses Rs 2000. 3/5th of the goods were sold by consignee at 85000.commission 2% on sales + 20% of gross sales less all commission exeeds invoice value. Amount of commission eill be
(A) Rs 3083
(B) Rs 3000
(C) Rs 2500
(D) Rs 2000

After the completion of assessmnet the advance tax and TDS are to be adjusted against the provison created for that Assessment year.But what is the accounting entry if

1.Their is Self assessment tax is payable as per assessemnt order.

2.Their is Refund as per assessemnt order.


Please also confirm Where to show the income tax refundable whether under Indirect Income or to reduce the provision for the current year by that amount. Please confirm and suggest.

what is capital goods? Examples of capital goods.

If a company made some expenditure on making a new cabin in the companeies premises then what will be the nature of this expenditue capital or revenue????/

Sir,
I am accounting for sub contractor for gov.roads,bridges etc.The firm is individual he has cc of rs.30,00,000 and other secured loans.While accounting bank ac loan process fees,search report etc such charges bank has charged how should i account in p/L (bank charges OR loan process fess) & in bank statement 100,000.00 & 50,000.00 these amounts has been debited saying Share Capital (how should it be accounted in tally)

Is servicetax applicable for sub contractor (for gov schme: for roads,bridges,dranage)his turnover is min rs 1,00,00,000

Dear sir,

our's is a private trust running an management training for MBA courses conducted by IASE university.

Our Director (Chairman & Trustee) went for official trip to delhi & jaipure. Meantime he incurred the expenses which is purely for his personal purposes.

What is the nature of treating that personal expenses in the books of accounts.

Please show me the journal entry to be passed in the books of account.

with regards,

R. Gurucharan.