bank can only issue firc or any ffmc can also issue it. we receives payments in foreign currency cash. is it possible that we can deposit the same in our bank account and bank can issue a firc against it. if bank accepts the currency but the banks buying price to too low compare to ffmc's. then whatvis the other option or which bank is better for price and even firc both.

How to pay return..i.e tds ,vat etc

Dear Sir,

I have sold one LED only of desktop PC in Rs. 2000/-, which was bought in 2011-12 with complete desktop pc as LED, Mouse, Keyboard, everything. And now after depreciation, its value is Rs. 5000/- in ledger account. Pls guide me how to treat of make the entry of this transaction with example.

DR CR
DR CASH 2000
CR COMPUTER & PRINTER 5000
DR PROFIT & LOSS 3000

But sir with above treatment the total computer & printer head or desktop asset would finished from books. Then pls tell me how to treat it.

i am account executive of insurance broking company we recruiting some employees on payroll of consulting. they give the invoice like this
consulting charges 1000.00
service tax 25% on 12.36 30.90
total is 1030.90

But we have to pay 75% on 12.36.

so my doubt is how much we have to pay, what amount we have deduct tds, how much we to pay through cheque, how much st we have to pay to department, how much we can get cenvat credit,how to enter in tally...


please help me in these, i donot know how enter in tallay.erp9..........

I AM A STUDENT. MY AGE IS 26YERAS OLD,I HAVE A LIC AND I WAS PAY FIRST LIC WITH MY BANK AACOUNT,

I AM DEPENDENT ON MY FATHER,
MY FATHER IS GOVT. SERVANT HE CAN PAY MY LIC PREMIUM AND HE CAN GET DEDUCTION UNDER 80C OR NOT.

Tell me 1 entry where liability and capital both gets affected ?

in merger method y the diff b/w purchase consideratn & share cap is absorbed by reserves of seller co.

Hi
Friends

How to close the entry

invested in a company of Rs 1,00,000/- (i.e 10,000 shares).

but the company was closed without paying any amount of share capital.

then how to close the share capital amount invested in that company.

As per AS-16

Borrowing cost of which type of land and building (Intangible Assets) we cannot capitalize


Pls Mention it clearly.


Thanx in ADVANCE

1. wht is the taxable income (per year)for eligibility of 20 lakhs housing loan.