Hi,

Our business is a office management service providing earlier proprietor status , now become a Pvt Ltd Company and got certificate of incorporation on 30th April'2016. I want to know that we have raised invoices for April month to our customers with proprietor status on dated 1st May.

One of our client raised concerned that as our status is changed to company we have to raise invoice as Pvt ltd company. So is he right or we can raise invoice from may month as Pvt Ltd.

Thanks in Advance.

Dear Sir,
In the previous year there were some cheques which were not passed there where classified under reconciliation now after 3 months also they are not passed in the bank so they become stale cheque now how to enter them 0r recognize the balance in tally

A person is proprietor of a firm and also a partner in other firm. What is the treatment of Capital invested by him to partnership firm from proprietary firm while preparing balance sheet of Proprietary firm? Whether it is shown under capital account of proprietary firm or to be shown under Investment. Please advice

hello, we have rates as per income tax on above books and charts i.e. 60% & 100% for income tax computation purpose, but for accounting purpose what is rate of depreciation or life as per co. act 2013. and further under which group it should be fall for the better presentation in financial statmemt.

Hello Sir,

Please give me the clarity on Net worth,Shareholder's Equity, shareholder's fund & Capital Employed. I always get confused about them.

Thanks & Regards
Monika Singh

A Ltd Acquires B Ltd. How to treat contingent liability in case of Amalgamation?Explain with Logic. Bills receivable discounted by A Ltd. were all accepted by B Ltd.
Bills Payable (A Ltd)-20,000
Bills Payable (B Ltd)-20,000
Bills Receivable (A Ltd)-50,000
BR (B Ltd)-10,000

Dear sir/madam,

Recently i have filed TDS Correction Return of 2015-16 Quarter1,

But i have missed the Acknowledgement Receipt,

How can i download the Form16a from traces.

Please advice

Thanks

Assume that we have received Rs.10000 duplicate payment from our customer and we have inform them regarding duplicate payment and they may be Reduce/Adjust this duplicate payment in forthcoming payment. In such case where we put this amount in our books. Please advise on the same.

Thanks in advance

Regards,
Shrinivas.

Dear Sir/Madam,

I wanted to know about how the income is treated in Equipment rental business like (renting of scissor lifts ,Boom Lifts ,Cranes).TDS charged under which section and limit of that and rate ,service tax charges if any ,.

and what appropriate name is to be given for the revenue of such busieness.

Sir,

I Request to clarify my doubt.

In contract Bill, Service Provider Raising Invoice with 100% Service tax on 40% of Bill Value. in that case, as a service receiver what we need to do. whether we need to pay full amount of invoice value to vendor or 50% of service tax deduct from bill and pay to govt.

Please clarifiy.


Regards,
S. SARGUNAN