if a house loan is in joint name of husband and wife then deduction of interest and principal will gain by both or any one or half half plz clear all
what is the procedure of filing of income tax return by own how to file my return without going to ca
my query is what is the limit of audit for a books dealing firm is criteria of 8% profit also applicable on this firm
invoice raised on account of sponsorship in an event. liable to tds? which section?
We bought an asset in another country (We are the government authority not involved in the business of hedging or FEC ), the initial quotation was R10 000 and we bought it for R15 000.00 because of changes in exchange rates.
How is the difference of R5 000 be treated in the accounting records?
Sir I am Preparing For CA-CPT For December. Sir Please tell me that how will i achieve minimum 50% marks in Qantitative Aptitude my math is not very gud. In Accounts i m very gud.
our company purchased certain bearings classified under stores & insurance spares (Current Assets)from a party for Rs.100000/-. There was a clause in the purchase order that if the materials were not delivered to us within a stipulated time we are going to deduct certain amount from the bill.As a matter of fact we deducted Rs.3000/-. my question is whether the stores A/c will be dr by Rs.100000/- or Rs.97000/-.plz provide with the J.entries
I am a researcher and have paid Rs. 2lakhs a cash for a purchase of an equipment.
Is that allowed or what should I do for this.
I have a grant sanctioned from Govt of India.
Please advice whether I shall carry out cash transactions or not??/
eg. I have paid. 25000 as advance and receive recharge balance of 26000 and also get commission of rs 150 please prescribe accounting entry of whole situation.
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