Dear sir,

please help me for following querries:

1) I have one Non IATA Travel Agent(Say X) he is buying Air tickets from Go-Air or from some other IATA and non IATA agents(Say Y ) the bill consist of detail as under eg.
Ticket Amount Rs.50,000
Less: Handling Chg. Rs. 2,500
Add: Service Tax Rs.5,150
Add: TDS on H.Chg. Rs. 283
---------
Net Due Rs.52,933/-

For This X paid the amount by Ch. To Y Rs.52933/-

Now X issue this ticket to (Say Z ) and charged Rs.55,150/- which he gets from Z by way of Ch.for Rs.55,150/-

Now what will be the accounting entry in books ( Whether this will be sale and purchase of ticket or commission income suggest me ) is there any procedure for travel agents to book entries.

2) what will be the amount of turover for the purpose of TAX Audit,
Commission Amount or Sale Amount


3)Is Travel agent is cover under the Provison of U/s 44AF for for payment of income tax if its turnover is not exceeding for Tax Audit under Income Tax ??

Expecting reply at earliest.

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can I spend my father's income for my expenses whereas I am salaried employee and don't want to withdraw amount from my salary account or it is necessary to withdraw money from salary.

Dear All,
My Client is booked a flat of Rs. 2,45,00,000/- on January 2011. As per the condition of TDS on property 1% is started w.e.f 1st June 2013 the flat is under contraction. In these flat 50 lacs Bank loan also sanction and bank will pay the slab wise payment to builder after there demand.
My Query -
1. It is right to deduct the TDS i.e. 1% whenever bank make payment to the builder?
2. How much total TDS will deduct it should be calculate on total Agreement amount?
3. On April 2015 & July 2015 Bank paid the amount to the builder but my client not deduct the TDS. If will paid the TDS now only late payment interest is charge or there is any penalties also.

Thanks & Regards
Rateesh

how can I show transaction of credit card

Dear Experts My query is

We have purchased a old company . Remodeling that company Some of Fabrication work is doing ,make a payment for fabrication work purpose.
We do not deduct the TDS. TDS applicable on fabrication work.

Please clarify

Thanks & Regards
Siva.

What should be the treatment in books of accounts of those fixed assets whose useful life as per companies act 2013 has expired but are still used by the company?

Dear Experts, In a private Company there is conflicts between two directors, so one of the director has given Rs. 7 Crore to another Director for Takeover of Business. So I want to Know the Accounting treatment as well as Journal Entry of the transaction. Second doubt is, to pay this Rs 7 crore Purchasing Director has taken loan from Bank on his name by Mortgaging his personal house. Now on 01/04/2015 he transferred the loan on the name of Company, what will be the journal entry for that & accounting treatment of Interest, whether it is to be capitalised or charged to Revenue? Please help me out .

I am 1st Gen entrepreneur and started a private limited company, taken some money for supply of equipment from a partnership firm last academic year, I have not registered for vat nor service tax till date, goods are delivered but invoices are pending from our side, can you help me out. I bought all the equipment from third party and delivered, I have my invoices of purchase, but I didn't file any input vat sort of things as I had not taken vat nor service tax . My sincere thanks in advance if you can clear how to prepare invoices now.

if in que. fixed assets purchaged during the are given ..how to calculate depreciation ....6months or 12 month (NON-PROFIT ORGANIZATION)