Finance Bill 2014 provides that CSR spending u/s 135 of companies act, 2013 will not deductible under section 37(1) of Income Tax Act,1961.

And my query is this if this is not deductible u/s section 37(1) then what will be its accounting and tax treatment?

Bank had charged excess interest of Rs. 1,68,000 on CC Limit till 31st march 2014 from ABC Limited. After complaining, they refund the same in may month. How should we treat the excess interest in our books for the financial year 2013-14?

Dear Experts,
Hello,
My query is
An assessee who is individual has paid some amount say Rs. 150000/- to a builder from whom he is going to purchase a residential flat. On this payment he has deducted tax @ 1% amounting to Rs. 1500 and duly deposited with government.
How to account this Rs. 1500, which is deducted tax by individual, in his books of accounts i.e . in the books of purchaser of residential flat?/
thanks in advance..

I dont know what entry needs to be passed in the books of employee for "Employer's Contribution to PF"

Also Entry for Interest on PF Contribution

If i get borrowings from some persons for investing business then what is the limit of amount from borrowers?

ca ipcc

its urgent. .plz tell me does concept of charging 100 % depreciation on asset whose real value is less than 5000 is applicable only for cy addition. .

In the budget announced today, has the adoption of Indian accounting standards converged with IFRS made mandatory from FY 17?

hi sir ,

in calculation of goodwill , IN FMP calculation we revalue only Current asset and current liabilities.

why dont we revalue FIXED ASSETS???

if i remit 64001 rs to my employee instead of rs 6401 as salary and then i recovered rs 50,000 from him through net banking in the same account from which payment was made and remaining amount in cash ie 7580 then what would be its impilcation from accounting and income tax point of view does it is covered in money laundering act as offence or not