If loan is given to some individual and interest is being paid every year without deduction of tds what will be the entry?
do we need to make a provision and then show the payment? or directly the interest payment entry? the balance will keep reducing

Dear Sir,

we had payment for construction in advance and deduct tds 1%, now we receive invoice in invoice work is 2940000, service tax is 2.80% = 82320, total 3022320.

we want to make entry with WCT 1%, service tax and tds what entry is right.

thanks

Hi,

Please tell me our company is purchased diesel for more than Rs. 20000/- in cash on site in single day from common petrol pump for genset. Is it disallowed? Payment made for electronic work for more than Rs. 20000/- is allowed or disallowed? Our company is a construction company.

On the entire long term capital gain which I had availed exemption in sec 54on invest in new residential property where I sold with in 7 months from the date of purchase 50percent of the above residential property what will be the consequence

I need exported journal entries of a company for helping me in learning tally9 ...please attach here exported jounal entries file of any company or please mail on my id raushankumar0239806@gmail.com. .its urgent plz

what is the difference between overriding preffrencil creditors and prefferencial creditors...

guidance note no depreciation

how goodwill is an asset ?

Dear all, Could anyone adive me the journal entry for the below situation. Mr X owns 2 companies(company A and company B) and he purchased to 2 Machines for business. however, he issued cheque belongs to Company A. As he purchased two assets for both the company could you please advise the journal entries to be posted in Company A and Company B.

Sir,
I m unable to get the same residual value , if I use the formula of Schedule II.There is difference in That.I m getting issue for calculating day wise Depreciation..

i.e., If I purchase asset of rs. 1000 on 01.12.2014 having 3 years of life.Residual value is Rs.50 .What will be depreciation for 3 years.

Please guide me for Calculating depreciation , i we purchase asset in mid of year..

Thanks in anticipation.