I have a firm and I give legal expenses of Rs.100000 out of which I deduct TDS of Rs.10000 and the payment/withdrawal from bank is 90000.Which entry I will make and how? And further this TDS has been deposited by lawyer,so which entry I will make here?
PLEASE ELABORATE.

Can any body please tell me the exact formula of calculating Attrition Ratio?
Somewhere the Employees left are divided by the average no. of employees and some where they are divided by opening??

sir
i am running my shop as a proprietor . i have bank current account for business transactions for last 15 years.now same bank provide me cc limit (5 lacs).
my query is -
please guide me in future should i continue to make transactions from present current account as i have 15 years accounts record in that ac . (by first transfer money from cc ac to current ac) or transact direct from cc or close current account. which system will be better?

Mr. x filed his rerun for the financial year 2006-2007. After that he did not file his return of income upto this year. Now he decides to file his above pending returns. cam he file the pending returns? Please note that his last return was by e-filing online

we paid cash in the bank for E-payment of Mvat of sale tax assessment period 01.04.2012 to 31.03.2013. Tax - 1107/-, interest - 509/-, bank charges - 50/- how to record this entry in current year 2015-2016.

last date to join articles after announcing ipcc result on February -1.l cleared my both groups in first attempt in November -15.

Hello..can any one provide me details of amendments in CA-Final for May 2016. And expectations of ind as in marks that can be asked in exams..

hi.
our company paying service tax on carriage inward.

pls suggest due entries.

hello sir my query related to accounting taxation issue one of my client is paying rent 100000/- pm
so he deduct tds @10 % on rent and pay st 14.5 % on it
last time he pay =10000014500=114500-10%tds (including st )11450= 103050 net paid
this time owner of property to whom he have to pay rent infirm that he didn't have st number
so payment calculation is 1,00,000-10,000 tds @10 % -adjustment Last time excess payment 13050=76, 950/-net payable is it right way to adjustment what will be effect on tds service tax and accounting entries ?
thank's i hope that i will get correct reply

bipin thakor

Dear All,

We are into supply and managing of quality control equipments. We have started working with some plant wherein we are providing our material and services. For this, we have to procure some material and accessories from local market. Our client is paying us on the basis of production e.g. Rs. 7 per ton.

Now, we have to prepare two bills for supply part;
(1) For supply of local material. We prepare our sale bill (on the same purchase price e.g. without any margin) so that client can avail cenvat.
(2) For our billing which is based on production (material part). Service part is separate and no problem in accounting.

This is to note here that client has to pay only our billing (based on production) and not for the local material as full supply is in our scope.

Now, the problem is how to manage both transaction simultaneously in accounting as we need to pass on cenvat also and also require to bill on the basis of production qty.

if anyone can suggest the proper accounting, any queries are welcome.