Sir,
I am jaseem, now joined as an accountant executive in an engineering college. I have a doubt regarding form 16 and form 16A.

some of guest lecturers and contract staff also included in the salary sheet in this college. But there is no written contract agreement with them. Previous accountant deduct tds and give form 16 to them. Now some of the contract staff ask me to give them form 16A instead of form 16 as their are contract basis.
Here in which base I can deduct tds from them, same as salary? or u/s 194c or 194 j?
If under 194, can I remove them from salary bill?

dear sir/madam,
plz tell me how do i made reco in a vendor, debtor and bank .???
wt practical dificulties most giving trouble . plz advice

I NEED LAST FEW YEARS MARK SCHEME ie. CHAPTER WISE MARKS OF QUESTIONS ASKED IN LAST FEW YEARS FOR IPCC GROUP 1
COST,F.M.,ACCOUNTS

what is accounting entry of loss stock by thief in the tally without affecting gross profit ratio?

sir,
I am a private Company and engage in Construction of flat for himself,
I purchase land and start construction building, but project continued continuously for 5 years and after 5 year my turnover being 100 crores,

1) is during first 4 years my material cost gone under fixed assets or under investment or under p&l and carry forward loss in computation?

2) IN 5th year, Is i liable to pay taxes on 100 Crors

Mr. Kunal Rs. 15,000/- as consulting revenue in cash from Omega infotech.

Is preparation of SOPL compulsory
(a) for a company which is a start up company and is incurring expenses only on fixed assets
(b) for a company which had charged off its fixed assets in an year and hence prepared SOPL in that year. After that year two years have elapsed and hence for the current year it has Nil balances in the entire SOPL for both current year and previous year. SOPL with only Nil amounts is looking odd.

Companies Act requires both balance sheet and SOPL to be prepared for every year, on that basis should i prepare SOPL this year


Kindly help in this regard

Dear sir,
Whether tds is applicable on purchase of tyre for vehicles?
my client business is not trading of Tyre. but it has purchased tyres for its own vehicles from a single party.
whether tds applicable to this transaction?

WHAT IS THE MEANING OF FORMULATION OF ACCOUNTING POLICIES AND PROCEDURES?

I HAVE SEEN THIS IN ONE OF THE CV

In a Partnership Firm one of the Partner purchases a immovable property at Rs. 1.05 Crores. And he paid cash Rs.30 Lakhs and by Cheque Rs.15 Laks through Firms Bank Account. And a partner is agree to pay the balance amount after some days by cash or cheque. All sale agreements are in the Name of the Partner not Firm.
The Question is what is the accounting treatment in the Firms Books? How I treat?
And what is the tax implication regarding Cash payment?