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..??

Dear expect

Our company paid to OT amount regularly in this expenses amount which head we account

I have scored 61 in accountancy group 1 in November 2014 IPCC attempt. My question is of I score good marks in remaining three subjects of group 1 in my May 2015 attempt then will I get the set off of that in group 2 ?

Hi

We had open new firm from two Pvt Ltd companies.

my quires is i had open new bank ac with deposit 10 k, hence when i create bank ac in tally with putting 10k in opening balance, but when i checking trail balance there is shows diff in opening balance from same amount.
how i can tally this diff or what are the entries pass in tally when we create new companies

Kindly suggest it urgent.

Thanks

I want to know who can deduct tds ?

I have cleared my accounts group 1 paper in November 14 attempt Ipcc !! I scored 61 !! But my doubt is how much do I have to score in group 2 in the May 15 attempt? Please reply...

A company sends its cars to dealers on sale or return basis.All such transactions are however treated like actual sales and are passed through the sales day book. just before the end of the year two cars which had cost Rs 55000 each have been sent on sales or return and have been debited to customers at Rs 75000 each, cost of goods lying with the customers will be? a) 110000 b)55000 c) 75000 d) None

Dear experts My client has a TDS u/s194IA of Rs 58000 complusory land acquistion ,I have filed ITR by getting back refund amount and anyhow CPC issued Cheque of refund order but my client has passed away (died) the Income tax department is asking for signature for confirmation although he is a finger print How to approach ITD to reissue fresh Cheque of refund order

what accounting head should I assign for temporary staff recruitment in peak season months. Moreover is there any statutory liability for recruiting staff for temporary period

Dear All,

My query is regarding the accounting of entry tax.
1) The client is booking the entry tax as expense under Repair & Maintainence and not under the cost for the product purchased. Is the accounting treatment correct or whether there should be any separate head for entry tax ?

2) Whether entry tax will be booked on purchase basis or consumption basis ?

Kindly clarify.