PRAVIN PATEL
10 July 2013 at 18:15

Tax impact on home loan

i have purchased house property on 15-12-10 on my wife's name. Loan taken from my salary account. I have sold the same property on 29-12-12. Me n my wife both are filling return. Mine is salary return n she is having Consultancy income

Can i show principal amount paid for home loan as loan given to to my wife??

what implication of income tax will effect to our income tax return for the particular year.



Anonymous
10 July 2013 at 17:25

Closing stock

How can I passed entry for last year closing stock convert in my current year investment??? in tally erp 9....



Anonymous
10 July 2013 at 17:09

Tax deducted at source

Where to disclose the TDS receivable of previous year in the new Schedule vi format.Is it necessary to show the balance in the balance sheet under current assets till the assessment? Can we adjust the same in Reserves & surplus?



Anonymous
10 July 2013 at 16:40

Bill book in which date

if we purchase the material, invoice dated 28.06.2013, but that material come at our company on 07.07.2013, i would like to know that in which date invoice book in our account.

request you to please suggest me.

Regards
max.



Anonymous
10 July 2013 at 16:25

Live stock addition

How to make journal entries of Addition of live stock which we recd free of cost( eg. Cow gave birth a Calf, then how to entered this addition in books of accounts and what about their valuation).

Please Help.



Anonymous
10 July 2013 at 16:18

Commission agent

hii...to all experts plz help me out, i need to know what will be the accounting treatment of purchases made by an agent......
in case of sale he receives commission from his principal for the sale made by him...in this case the agent will recognise his sale by the amount of the commission received...but in the same case how will he recognises the purchase in his books



Anonymous
10 July 2013 at 12:33

Journal entry

waste collection charges for the factory will come under what head in tally ? what will be journal entry for the same ?

thanks


Malav

one of our clients has paid ROC filling fees to increase its authorized capital. please guide if foll. accounting treatment is Ok.

Preliminary Exp Dr
to Bank

please also guide if the expense is allowable under Section 35D of Income Tax Act



Anonymous
10 July 2013 at 00:08

General doubt

Sinking fund is which a/c



Anonymous

I want to know the accounting treatment(Journal entry) for Sales promotion expense. Gift issued to customer in the event of aadi/diwali bumper sale.
And Credit of VAT availble on purchase of gift items. Can purchase of Gift such as TV,kitchen appliances, Home appliances,phones treated as FA.

I have a confusion on it. give me your views






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