Dear all,

Mr X is an individual who sold the goods to customer with a warranty of 2 years. Acc to Mr X from his past experience, it is probable that there is some claim under warranty so for the same Mr X wants to create a provision of 2%

Please give me the journal entry for aforesaid provision.(Note: amount will be Rs 1000 )

Dear Sir,
Courier Service Provider providing the services of carrying the documents and he is mentioned Service Tax Registration number on the invoice and he is charging the Service Tax, so should I deduct the TDS..?

I have a query that a partnership firm purchased a water treatment plant for treatment of water for workers to drink .under income tax act 1961 depreciation on water pollution treatment plant is 100%. and no explanation given for the use of water treatement palnt .can partnership firm claim depreciation ?

Dear Sir/Madam,
we have an agreement with the Courier agency , who rendering the services of Couriering the Samples (Beer Samples for Tasting , sending to Denmark Copenhegen)he is not charging the Service Tax, and he is not providing the PAN on his invoice, so should I deduct the TDS..Under 194C..?

i m taking traing under accountant, pls give me some solution how can i get complete knowledge (procedure) of taxation, i mean(how to make all return of vat,tds,service tax)pls sir help me,its a humble request to u,hop u ll definitely give me some benifitial tips to me

wat all amendments have come up for nov 2015 attempt for ca final?

Dear Experts,

My company capitalize one asset on 31.01.2015. After commencement of asset some parts found to be of poor quality. and for which company invoke the guarantee given by the vendor.
Now my question is what is the treatment of the sum received against guarantee invocation?
Should it be reduced from the assets value?
(if yes, what should be the treatment of depreciation provided on this amount.)or it should be recognized as income in the profit and loss account?

Sir,

When WDV of Asset is less than Scrap Value As per new companies Act 2013's than what to do.

What is the difference between accrued expenses, O/s expenses and contingent liabilities?

TDS deduct under section 194DA. so which ITR we should file?can we consider it other income?

kindly reply

J.P Uniyal
Rishikesh