difference.

R/sir
I am accountant in a pvt. ltd. company at Kanpur U.P. I did not deducted the tds from payments of Parties for the period of Ist quarter April to June.16, but in july I did due the all tds dues against party transactions for the April to July in one entry and deposited in next month up to 7/08/16,

sir, I want ask u that did I wrong working regarding tds and can I not show the deducted tds in the tds return of IInd quarter

Regards

Is this entry correct?

Employee benefits..........Dr
To EB Payable
(being, free accommodation provided to employee to the extent of rent)

Accounts Receivable........Dr
To Rent
(being accommodation rent due which was provided to employee)

EB payable ..................Dr
to Account Receivable
(being, perquisite set off)

IS this a correct way of accounting for perquisites or no entry should be made at all just perquisites need to be recorded in the salary sheet of employee for tax purposes.....

Thanks in advance

Yesterday my teacher had told that there would not be any difference in valuation of raw material inventory in cost accounts and financial accounts.I think it does get differ if you consider As-2.Is my contention correct?Plz elaborate. Thanks in advance.

I don't have problem in the manner of distribution of cash to partners.
Suppose I have let's say 5000amt available as cash and bank loan of 2000 and creditor of 3000 so we distributed cash in ratio of 2:3 between the two and if there is partners loan in the question then it is distributed in whole after distributing the above two but not in ratio as in case of the above two..but the prblm is if there is spouse loan then it will be
distributed in ratio or given in whole.if AMT distributed in ratio it means equal preference given while distribution of AMT of cash available to secured creditors(bank loan) and unsecured creditors(creditors) so what is to be done for spouse loan.

Tds on commission for Aug was not paid in sep.we are paying it in Oct by tomorrow. Tds amount is 10190.tds was due on 11th of Aug and deducted on same day and payment of commission to party made on 20th of Aug.kindly calculate the interest I have to paid.we are going to pay this on 6th of Oct.

Dear Sir,

We have received courier bill. how i have to deducted TDS and what is net payable please explain with formula.

GROSS TOTAL = 21428.48
FUEL Surcharges = 4645.00
Curr.Adj.Factor = 906.08
Service tax 14.00 % on RS.26979.56 = 3777.10
SB Cess @ 0.50 % on 26979.56 = 134.90
KK Cess @ 0.50 % on 26979.56 =134.90
Ground Total = 31026.46

Please send me mail excel with formula

Email id: chandrashekar.bm1608@gmail.com

Thanks in Advance



Regards

Dear Sir,

We have received courier bill. how i have to deducted TDS and what is net payable please explain with formula.

please send me mail excel with formula

Email id: chandrashekar.bm1608@gmail.com

Thanks in Advance


Thanks in advance



Regards

suppose we are running two firms.we make payment of rent of A'firm through bank account of b firm.do we need to deduct tds in A's books??

Dear All,

Greetings for the day.

I am working as an 'Accountant' in an Pvt.Ltd. Company ( IT Industry ), since this is the first time am experiencing I wanted to ask this Question.

In our Organization last month they have taken a 'Assistant' for me as a Part time worker ( 02.00 to 06.00 pm), he has completed 'B.Com & M.Com', we need to pay him Rs.6000/- monthly for his working.

Hence how can 'i' show him in our books of Accounts, under what expenses,category 'i' should treat that exps.

If I show as 'Salary' - P.F & ESI will come into effect, that should not happen, so Can anyone please guide as Well as kindly give a 'Alternate Solution'.

Treat it as Very Urgent.


Thanks & Regards
Well Wisher