sir,
when salaries become payable we make an entry like:
salaries a/c Dr.
To salaries payable a/c
but how to show this effect of salary to an individual employee not by way of a remark or a narration but by way of a journal entry??
also when advance was taken by employee (not salary advance) or cut due to leaves or so...

Thanks in advance

One company salary period was 26th to 25th , Now company wants to change it from 1st to 31st then what are the consequence for that 5 Days in Provident Fund, ESIC, P.Tax.
Please Help.

My Dear Experts/Sirs/CAStudents

My Query is

1. My Employee paid Rs. 8000$(Canada) as tuition fee (for abroad higher education). Whether the same can be deducted u/s 80C or not?

2. My employee paid Medical exp. bill for his son medi. treatment, whether deductible or not. We are not paying any medical exp. to employee. Employee claiming mediclaim u/s 80D.

It is an Urgent.
BHARAT PATEL

dear sir

what is the difference between corporate entities and non corporate entities .

hi , sir

i need the real estate accounting heads

let ABC co release a payment of training fees on 1jan 15 against the invoice raised by concerned institute which will be execute in june 15.is this expense need to reclass in prepaid account.

Dear Madam/Sir
Kindly help me for passing journal entry in tally erp. we are issuing invoice of Rs.39326/-
Professional fees of Rs.35000/-
Service Tax Rs.4326/-
Total Rs.39326/-
(-) tds Rs.3500/-
Balancing Amt paid Rs.35826/-
i know journal entry but in tally erp how can i pass this entry so i will get automatically service tax and tds record. in my tally account i active service tax and tds also. so kindly help me for passing such entry.thanks

hi sir,

what is the service tax interest rate and penalty also how should i calculate this whole

Dear Experts,

One of my client valued stock at market price which is greater then cost. for example cost is 40 lacs and market price is 50 lacs. and the same stock is sold for Rs. 50 lacs in next year.

does it will results any direct tax or indirect tax evasion

Please answer on urgent basis

My Client is associates with Tata Motors, they are repairing vehicle under warranty on behalf of Tata Motors. Bill they r giving customer with 0 value as vehicle is under warranty.but spare parts value they r claiming to Tata Motors . Pls suggest accounting processers