Journal entries for Jewelry given to winner in a lucky draw.also for commission given to reference made by people who are in networking. and heir treatment in Balance sheet if any

please let me know the following

If advertisement exp Rs-100000/- & service tax Rs-15000/-when we make the payment after deduction of TDS,we pass the entry

Adv.... .Dr100000
Service Tax...Dr15000/-
TDS @2% 2000/-( TDS deducted Gross Value- Service Tax *2%)
To Party 113000/-

Is the above entry correct.There is any violation of AS1

Regards
Amit Nandy

a company publised a congratulation adv. on 15th august.
kya ye expenses advertisment & publicity me jayega

http://www.cybex.in/Notifications/56-2000-Notification-Exempts-Gold-Silver-2591.aspx
we work in this above link.

we import from same party and export to the same party under custom notification 56/2000. so as per accounting purpose will this come in export sale and import purchase or just a labour sale.

Please find below details of fire claim received by our company, please provide your suggestions for its treatment in Profit & Loss and balance sheet during FY 2015-16 and its tax implications.



(A) CLAIM LODGED TO NEW INDIA ASSURANCE CO. LTD. FOR LOSS (Rs. 25300574.69)



1) AGAINST STOCK : Rs. 1,85,20,236.69



(a) (DURING F.Y. 2012-13) Rs. 1,73,26,511.69 (TREATED AS INCOME)

Raw material Rs. 23,11,539/-

Stores Rs. 8,20,257/-

Finished Goods Rs. 14194715.69 (Material Rs. 1,30,00,998.34+Excise Rs. 11,93,717.64)

(b) (DURING F.Y. 2013-14) Rs. 11,93,725.00 (wrongly excise on Finished Goods again claim) (TRANSFERRED FROM CENVAT RECEIVABLE A/C TO INSURANCE CLAIM A/C)



2) AGAINST FIXED ASSETS: Rs. 67,80,338.00 (TRANSFERRED FROM FIXED ASSETS TO INSURANCE CLAIM A/C)



(B) CLAIM RECEIVED : Rs. 1,53,04,016.55 (DURING 2015-16)



1) AGAINST STOCK : Rs. 1,12,63,212.91

2) AGAINST FIXED ASSETS: Rs. 40,40,803.64



(C) SHORT CLAIM RECEIVED: Rs. 99,96,558.14
1) AGAINST STOCK : Rs. 72,57,023.78

2) AGAINST FIXED ASSETS: Rs. 27,39,534.36

Dear Experts, Could you please tell me that if company received Income Tax Refunr for F.y 2014-15 in the year 2015-16. what entry will be made in the company books ? Assessment has not been done for the year 2014-15 ?

We pay electricity bill of Rs. 13000/- and Rent of Rs. 35000 to our office landlord. should we deduct Tds on these payments??if yes,at which Rate??

Dear Experts, Could you please tell me that if company received tds for F.y 2014-15 in the year 2015-16. what entry will be made in the company books ? Assessment has not been done for the year 2014-15 ?

anyone can help me in consolidation I dont know which q to do or not to do I am confused plz suggest basics so that I can solve that part in every question and important adjustments

anyone can help me in consolidation I dont know which q to do or not to do I am confused plz suggest basics so that I can solve that part in every question and important adjustments