For calculating tax under MAT should i take 18.5% or the rate given in problem. Kindly help.


Indira K V

Dear All,
We are manufacturing foam mattresses. This year my company has decided to take bar code for the product. So, my query is :- (a) What is Bar Code & it gives benefit to the co. (b) Co has paid annual regn fees & other related charges to the agency, This amt i have to take in which head? Is it revenue / capital expenditure?

Pls explain me in details.

Thanks in advance

Anjan S. Mehta

i have received purchase bill after 2 year.how to pass journal entry current year and how to adjust these bill?

Please tell me when we purchase self land & construction (make building ) on land & purchase building construction material (Cement, stone, tiles, M.S. Bars, Rodi, etc.) than accounting entry of construction material will book in which head.

what is the difference between research and development and give explanation with practical example

While checking, noticed difference of amounts in Purchase register and Purchase account in Tally. Why that difference.?

Respected Experts, If a energy drinks proprietorship hires a salesman on salary and salesman go to different cities to sell energy drinks. and the firm gives him cash for 150 for lunch and 300 for fares. I want to know how this 450 shown in expenses. and what vouchers are required for this purpose to be maintained by firm should the firm required signed the voucher by salesman when they give him cash and what is the journal entries for this expenses

winning a car in lottery worth RS 456150 and tds has been deducted of RS 136845 and the person who has won the car has to pay the tax Amt as well as insurance and other charges aggregating to RS 269766 what should be the accounting treatment and tax effect of it

Hi,

As revenue expenses are not allowed of Rs. 10000/- per day. I have following query regarding this:
1. Can total payment made to different parties above rs. 10000/- in a day? For ex. diesel purchased of Rs. 6000/- and stationery purchased of Rs. 5000/-. Or
above condition applied on a party only for ex. petrol purchased of Rs. 10000/- and stationery purchased of Rs. 10000/-
2. can cash payment made to any supplier above of rs. 10000/-, and less than Rs. 2lacs in a day?

Our company incorporated on Nov 2012 and we have filed only two annual returns. Initially we focused on android apps development and then dropped it due to market saturation. Then we started working on new technology and successfully designed a working model. Now we got a small industrial order from a chennai based company and also looking for more works from them. In this situation what shall we do.

a) close the company and start a new one (or)
b) file all arrears and continue to get a fresh start