Accounts QnA - Page No 493

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Jaipal Singh

26 March 2015 at 23:21

Tds applicable or not

Sir my individual business turnover is 70 lac in FY 2014-15. Tax audit is not applicable. I am not having TAN, I am liable to deduct TDS on expenses like proff fee, contractor, rent etc. regards

Trupal Pandya

26 March 2015 at 16:09

Investment in mutual fund by private company

Dear Sir,
I have query that can private company do investment in mutual fund? and is there a any dis allowances in showing such investment in balance sheet of company?

Amit Arora

25 March 2015 at 17:20

Housing loan interest & principle amount paid

Dear Sir

Good Evening !

Sir housing loan interest & principle amount paid in a year . Interest should be debited in capital a/c . Entry will be Capital a/c Dr
Housing Loan a/c Cr

what should we do with principle amount.

Anonymous

25 March 2015 at 16:49

Disallowance u/s 40a(3)

Dear Experts,

Our company has purchased a laptop from Flipkart amounting to Rs 25000/- under COD option.

Can we record this in our B/S or it will be disallowed u/s 40A(3) as it exceeds Rs20000/-

Please help.

Thanks in advance

PAROMITA DAS

25 March 2015 at 16:11

Depreciation

can any one help me to know the depreciation rates and useful life for computer and accessories?

Anonymous

25 March 2015 at 14:50

Wastage of material

if i purchases 200 pair shoes for employee but after some times it becomes wastage due to non repairable characteristics.so can i reduces my closing stock of shoes by consumption voucher >>??????

Anonymous

25 March 2015 at 11:45

Explanation about highest relative capital method

Hai,can any one briefly expalian the highest relative capital method in picemeal distribution in partnership..?

Anonymous

25 March 2015 at 11:31

Head event slack and tail event slack

Hi,

How is head event slack and tail event slack calculated in pert-cpm problem?

Thanks

KRISHNA MURTHY

25 March 2015 at 07:07

Nri tax

My client is employed in uk for past 2 years. He is getting rental income in India to the extent of 2.50 laks pa. Should he file tax return in India which is below limit. If yes under what status as Nri or resident .

Anonymous

24 March 2015 at 17:35

Interest on lc

Dear Respondent,

I want to ask whether Interest cost on LC should be added to the carrying value of inventory ?
If yes then please provide the references as well.