At the end of current Year.

Audit Exp. A/C---Dr
Service Tax Input Dr--
Ec Input A/C Dr--
SHEC Input A/C D
To Provision for Audit exp.
To Provision For TDS Payablle.

At the Beginning of the Coming Financial Year On receipt of Invoice.

Provision for Audit exp. A/C Dr--
Provision for Tds Payable A/C Dr.--
TO Creditors For Audit fee
To Tds payable U/S-194 J
(Tds will be deducted in coming financial year)
Thanks In advance.

Hi,

What is the difference between Gross Margin and Cost of sales (Goods sold).

Can Cost of Sales be a negative value, if so what will be the reasons for the same.

Is Below Cost of Sales correct:

Opening Stock
Add purchases
Add expenses
Less Closing Stock.

a employee resign from company in feb 2013 n receive settlement n pf amount in oct 2013 n this settlement n pf amount also not mentioned in tds cert for a.y. 2013-14. i want to know in which year return this amount should be shown?

if any employee resign from company and receive settlement amount and pf amount any resigning in which head this income is taxable?

a pvt ltd company has organizing a event for business promotion. they book the hotel and that arrangement will be done by event management company ....they want to give advance of rs.200000/- then which section TDS will be deducted.... contract 194c or 194j professional fees

Dear Sir/s,

i want to know what treatment we have to give to cash discount received on FIXED ASSET ?

i mean we have to record the cash discount as income ? , if yes then the FIXED ASSET to be recorded at total value (net payable to supplier plus cash discount), if not then which account we have to debit for cash discount received ?

rgds
parvez

labour food expenses for construction of building should it be capitalised? ?

what is the difference between CC and OD

IN THE MONTH OF MARCH WE HAVE BOOKED SALARY ENTRYES IN TALLY & MADE PAYMENT ENTRY, BUT IN MONTH OF MAY WE FOUND THAT 4 EMPLOYEE NOT DEPOSITED HIS CHEQUE IN BANK & ALSO THEY QUIT THE JOB. IN BRS STILL ENTRY ARE SHOWING . WE HAVE MADE OUR BALANCE SHEET AS PER TALLY BALANCE IN MARCH.WE CAN,T DELETE THE ENTRIES .
SOME ONE PL. SOLV

THANK U

does the latest IT circular on ITR-V for returns filed for 2009 onwards... imply that those returns filed online but not acknowledged ' are null and void and we need to again file tax return and send itr-v again or we can simply send only a old copy of the same ITR-V that we may have received in 2009 while filling tax.thus implying that we non filers get a chance to files the taxes from 2009 without any interest penalty ?