Dear Friends / Experts,

Please guide me on the following, IF POSSIBLE:

Query on Tally Ledger Creation for ST @ 14%.


Can someone please explain me steps to create Ledger for ST @ 14% (Auto Calculation, while creating Bills in Tally Version 9?)?

Note in Service Tax Details Screen: Service Tax @ 14% should appear automatic and Cess, SHEC should not appear or it may have 0%.


Your reply, please..............


Thanks in advance for possible replies from all concerned.

I paid to a party a cheque on 30.03.2015. The party cleared the cheque on 04.04.2015
While making journal entry what date will i consider is that when i paid the cheque dated 30.03.2015 or when it get cleared on 04.04.2015

what are the tax implication on the below entry

1 director had gone to US for work and all the expenses were reimbursed at a later date and the conversion rate for $ to ₹ was on the date of reimbursement so what to do for profit of loss on exchange fluctuation?
In Accounts and tax

Sir,

A proprietary concern is deducting 0.5% of gross salary as staff welfare fund from all the employees to meet emergencies. My concern is to know that there will not be any company law or legal obligations for deducting from employees.

One of my friend went for the interview. In the interview, the interviewer asked him one question. The Question was like this.

A Company is using an asset which has been depreciated for full year and its book value has become zero, but the asset is still in usable condition, the company wants to continue to use the assets instead of writing off. So how to make use of the asset for the next financial year.

So anybody can please tell me the answer?

Facts:-
A company enjoying the Tax holidays period. In year six, the company had books profit of Rs. 100000 and tax loss of 50,000 being the loss in this year the company has not availed the benefit of the deduction.Further, in the year seven the company has Accounting income and tax income of rs. 1,50,000 and 50,000 respectively.The company has set off the previous loss and accordingly again not claimed the benefit of the deduction.
Query:-

What deferred tax liability/assets would be recognised in books for the both years?

Dear All

Is there is any changes in the performa of changes in the P&l A/C or in the balance sheet as per company act 2013.

HELLO,

date 18.2.15 Rs. 50,00,000/- FD MADE
Principle amt Rs. 50,00,000/-
Interest 8.25%
period =91 days
Maturity date 20.5.15

bt i want to make provision of "FD INTEREST" as on 31.3.15

how will i pass the entry as on 31.03.15

I have one query regarding gratuity actual our question is that our company has not deducted DA only deducted of Basic, HRA, Education, Conveyance, PF, & PT So our one employee left the company and he wants gratuity his working here 12 years 3 months so now in my knowledge gratuity formula is (Basic + Da) x 15/26* no of years working.
But Our question is if Our company Not Deducted DA what is to be calculate Gratuity in this person.

Regards,
Uday

Do we need to book the invoice first and then the receipt entry? or directly we can pass the receipt entry?

Our company received fees from 1 client and they have sent the invoice for that so should we book the invoice also?

Client
to gross receipts

bank
to client

is this the way

or

bank
to income