what will be the effect of schedule iii in advanced accounting of ipcc.... whether all the chapters in connection with preparation of balance sheet and profit and loss account need to prepare accordingly or shall i continue with the old format as in revised schedule vi.. somebody guide me... for may 2015.......

Dear Sir/madam Pls explain one properiatery concern can have one service tax registeration for two or more companies ? Example : One person's service tax registered as individual for Security services and he has two companies viz XYZ security services and ABC security services, he can use the same S.T -2 for both companies Pls explain Regards Srinivas Employee

if we are paying wages to shop floor worker then it charges under head direct expenses or indirect expenses

We have one transporter and we have an agreement to pay fixed amount 85000/month for supplying 11 vehicles/month. He submits bill along with LR copies. even if he didn't supply of 11 vehicles we have to pay full amount. my question is in this case we have to deduct tds > contract or pay GTA > LR copies else both? Please clarify

plz reply its urgent !
can anyone explain the treatment of expenses we have not recorded in the year 2013-14 but paid in the same year !


we have to revise our return or recorded it as expnse for prior period in p& l in the f.y 2014-15

What is service tax rate from 1st april '15

What sections will come under IT exemption (i. e. rs. 150000). Whether 80D will come under Rs. 150000 or not

When will the new service tax rates be applicable?

Dear Sir,

I have a small doubt. The firm, in which I am working, paid a rental deposit of Rs. 58,000/- on 11-2-14(P.Y. 2013-14). But forgot to show in books in that yr. Can we show that deposit in current year (i.e., P.Y. 2014-15) How to show it in current year Accounts???

Please reply

Thanks in advance

Facts :-

There is a trust registered under u/s Sec.12A of IT Act.
The trust is a Temple.
Now,A piece of Land is being allotted by govt.
Trust is in the view to build an another temple over there (land
allotted by govt.)
For that the trust given a contarct to a party to make the temple and
use its own material and labour and whatver require to build a temple.
The Party aggreed.
Payment is in lumpsum.

Query :- At the time of payment to Party by trust, TDS is to be
deducted u/s 194C or not..??
if Yes then why..??
If No..why..??
Consequences of Non deduction of TDS..??
Any case laws..??