Dear Experts,
profession tax is deducted every month RS. 200/- for an employee. And the whole year total should be 2500 Rs.
My enquiry is what should be position if any employee gone on leave (without pay) for one or two month?
Is this total should be 2500 P.A.?
Is total be compulsory to be 2500 even if work period is less than 12 months?
What should be position in case employees has joined in between the year

We were strugglig with accountant and in a year, he had to change 3 accountant.

Each one passed entry in different way by debiting different accounts for the same kind of transactions.

----------------------------------------
This is the case of Interstate Purchase:
----------------------------------------

Please help me out, What is correct, What is not? Which Purhcase account should be debited and in what case?

Case 1:
Purhcase from Indu Embroidery, Mumbai vide Invoice No. 4750 dated 05-11-2011 having invoice value of Rs. 2200 where supplier has added Rs .0 under M.VAT% and we have accounted Rs. 2200 against Purchase Exempted. Neither Purchase - CST - Exempted not Purchase - CST @ 25 Against C Form

Case 2:
While on the same item, Purchased from Junjun Impex, Chennai vide Invoice No. JI/1322 dated 11-11-2011 for Rs. 7808 where goods value is Rs. 7728 and P&H Charges Rs. 80 and Tax@ 5% is Zero. In this case we have accounted RS. 7808 against Purchase - CST @ 2% Against C Form.

Case 3:
Purchase from other supplier from New Delhi vide Invoice No. 053718 dated 29-10-2011 having invoice value of Rs. 71530 where supplier has added nothing as tax and we have accounted purchase Account as Purchase Exempted?


Waiting for your support.

A firm is paying rent to its partners in the year end after deducting TDS.Partners will invest the same in business as capital.In this situation whether book entry is sufficient or actual payment and receipt entry through bank is necessary? If only book adjustement is making whether there will be any issue of TDS?

We have made a statutory compliance of Factory Act through a Chartered Engineer annually. He send his labour for testing of m/c etc in factory for reporting purpose under Factory Act.
Now question is whether it is Repair & maintenance of M/c because of maintenance of m/c annually or Professional Fees for acting under Factory Act????

bank od a/c entries

sir kindly send me all jurnal entrise of bank cc a/c

Dear sir

We have paid TDS through bank on salaries, profession fee and contractors. We have paid the balance amount to above parties. My question is whether the TDS amount is taken as expenses in profit and loss account are not.

Can u tell me what should be the accounting treatment of any asset purchased by the company and gifted to the employee.Whether it should be directly expensed out through Pnl or it should be recognised as an asset first and then transferred it to PnL. Kindly answer asap

can any tell me what happens if a company books any exp under the incorrect head?

what are the purpose/use of Dr. & cr. Note, & when it is used