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

Dear expert

i have just sold my assets. on which i have already claimed depreciation in previous year.

my queries is. whether vat or any taxes will be applicable on the value of assets.

Dear Sir/Mam,

ABC Pvt. Ltd. has bought the Plant & Machinery of Rs.50L on 01-04-2009 and charging Depreciation @13.91% on W.D.V. Basis. Now, WDV of Plant & Machinery as on 01-04-2014 is 23.64L. so, please advice how can we calculate the depreciation from 01-04-2014 on aforesaid assets.

• Life of Plant & Machinery is 15 years as per Schedule II
• Expired life is 5 years
• Remaining life is 10 years.


Beside above, what is rate of depreciation on Flat purchased by the company

Dear expert.
i have raised the export bill Rs. 6000/- dollar. in every second dollar rate is being changed. i am confused that by which amount in rupees can i pass this entry in my books of account.

Hello sir, if i get transfer from medically then institute will tell me to take rest for 3 months... and my ipcc attempt is in may 2015 so if i get transfer still i will be eligible for exam or not? Please help

Hi guys I have a small doubt.. we show contingent assets in directors report and contingent liabilities in notes to accounts. But whats d reason as we all know both are not shown in books and in one case we will receive amount and in other we have to pay for our past action.

Dear Experts,

Our company is buying the employees and Business orders from another company. The consideration payable for this is Rs. 1.5 crores in the next FY.

Kindly let me know the accounting entry for this transactions.

Is the consideration amount to be charges to P & L account.

Thanks in Advance