Sir

I have been paying an amount of Rs 16000 per month to a party after deducting 2% tds. I want to treat this as a contractual expense. Under which head should I book this. Can I treat this as an expense incurred for receiving any services like say for any computer related activity since ours is an IT firm dealing in BPO services and software testing.Which contract can I make

Thanks

Dear Sir
Please correct me if the formula is incorrect. I have calculated for gratuity for one of the employee resigned from the service, his total no.of years of work is 7 years. Now the company will be payable gratuity to him.

Basic salary * 15 * No.of Years of service / 26

Its an urgent. Please reply

Thanks in Advance

i have one client architect firm at the time of accounting i face a problem that a date of sales bill generation and its payment receipts are different on what date bill is enter? can anyone suggest me.. view through accounting on cash basis

Good Day,

Greetings for the Day.

Please suggest me the correct tally account head for the Marketing Services Received on Plot Sale of ours. For this we have to deduct TDS @ 10% is it not?

Kindly Clarify,

Thanks in Advance

M.Chandrasekharan

dear sir , mai ek choti si advertising agency ka properitor hun mai apna business badhana chahta hun jiske liye mujhe capital ki aawshyakta hai isliye Maine socha apne bank se apne account per cc limit le loon lek in iske baare mein mujhe jyada jaankari nahin hai kripya uchit salaah dein ........ dhanyawaad

For amount exceeding Rs. 5000/- in cash voucher what value of revenue stamp is to be affixed?


Also for bank reco of a pvt ltd if i enter all transactions as per bank statement in tally erp 9 and then f5 - set instrument date and bank date as per the cheque book is it okay? or i have to enter all transaction as per cheque book only and dont have to do anything with bank statement?

Hi sir,

I want to know how much(%)we should keep provision of gratuity for employees benefit and disclose it in balance-sheet? Please give me some ideas to calculate bonus and gratuity as per AS 15.

Thank you

DEAR SIR,

I AM INVEST IN HDFC PORTFOLIO ,AS ON 14-APRIL-2014 I HAVE RECEIVED PRINCIPAL AMT ,INTEREST AFTER DEDUCTING TDS ,WHAT ENTRY I SHOULD PASS AS ON 31-MARCH-2014 BECAUSE THIS IS AMT TILL 31-MAR-2014

Dear Experts,

One of my client being a Pvt Ltd Co has engaged in manufacturing activities. The company has already commenced commercial production in F.Y.2012-13. Now during year 2013-14 the company has received Rs.15.00 Lacs as Capital Subsidy from DIC. Now query is with regard its treatment as per Revised Scedule VI Balance Sheet as per Companies Act that is whether such subsidy has to be separately shown under grouping "Reserves And Surplus" as Capital Subsidy Account or the same may be reduced from Plant & Machinery block of Fixed Asset for the purposes of computing Depreciation as per Companies Act for the year under audit.

Please give reply with cited case law also as per I.T.Act for computing Depreciation as per I.T.Act.

Due to death of both my father and grandfsther in my family, All my aunts{my bhuwa} requested me to get Relinquishment Deed,By which they Loose Right to claim any Financial Interest, in my ancestral property My Query 1.Is Relinquish of Rights of ancestral property Attract Capital Gains?? 2.Should relinquishment deed REGISTERED compulsory as i am now PLANNING TO GIVE it on RENT?? Note-there is no consideration