A society receive a bill as on 29.12.15 for contract services but society make payment as on 10.1.16.Then in such case when tds amt to be deducted either on 29.12.15 or on 10.1.16 and in which quarter this bill come for tds return.Kindly guide me in this matter.

Dear All,
Wanted to know what are the consequences or is there any consequences of not contributing capital as mentioned in Partnership deed. In our case out of three partners, two partners have not invested capital as mentioned in partnership deed.

can i show prepaid salaries in balance sheet as a asset?

suppose we have make payment against voucher on 02.05.2016 and we will receive bill on 5.05.2016 for petrol expenses my question is when we will make entry in system on 2 nd may or 5 th may please suggest answer

Good evening, While registering tan following error occurs Tan not available in tan masterAll statements filed for fy 2009-10 nd onwards are in cancelled state or nil statements .Now tell me how to register it?

A company is engaged in the business of transmitting electric power. It has a network of power transmission grids and sub-stations for distributing power.across the couintry. Recently it has entered into the business of providing consultancy to other organizations especially State Electricity Distribution Companies for setting up of distribution network, subststions etc. Some of their clients have in the recent past requested them for testing transformer oil. The company is treating revenue earned on account of testing transformer oil as 'Income from consultancy' and is booking it into their profit centre "Consultancy".
In this regard I have two queries:
1. Is the accounting treatment correct or should the Company book it as "Other income" in their profit centre "Transmission"?
2. Is a request made for testing other company's transformer oil a consultancy assignment?

Sir, my question is that we sold the scrap of bardan which comes from sugar consumption but buyer didnt have a pan card so what is the possibility of deduction of tcs or tcs only deduct on plastic scrap because it is not a plastic scrap it is bori like bardan not jute bag

Dear member, can anyone tell me which type of provisions we have to made at the end of financial. i am working as an accountant in private limited company and please provide journal entry also

Why closing stock is shown in credit side of Trading Account even it is asset but not an Income

what are the changes applicable in accounting PAPER - 1 ? Which AS & Chapters are affacted due to Changes? For IPCC May 2016 EXAM