Dear Sir,
I am director of a company can i work without pay for 2-3 month in my company as a director
due to my company is in loss and my salary is RS 150000/- so there are a provision for tax deducted at source and i dont want to pay TDS
is there any provision?

PURCHASES - RS.100000
DISCOUNT - RS.10000
CST @1% - RS.900(ON NET PURCHASES)

Please define what should I do so that the CST is recorded @ 1% on RS.90000 and not on Rs. 100000. Manual filling on Rs.900 is also not working.

Thanks.

Dear,

My Boss has taken an Insurance policy for which he pays a Premium of Rs. 100,000.00 in FY.11-12.

the entry posted by the previous accountant was as follows:

Dr. Insurance Investment 1 Lac
Cr. Bank Acct 1 Lac.

Please advise if correct.
Also, the entry for this to be transfered to Prop. Capital acct will be ???

Dear Experts,
Kindly suggest me books for self study on accounts & SFm.I'll be appearing for May 2013 CA Finals.

Also is there any free video classes online one can depend on?

Thanks in advance

dear sir,

please clarify the following

can we show deffered tax(asset/liability) and provision for tax together in the balance sheet,and pls clarify me

how prov for tax and DTA/DTL will be adjusted at the year end to show in the balance sheet

Dear Sir

Our bank negotiate our inland LC and charged negotiation charges and interest on usance period

let me know that tds is applicable

also let me know that applicability of TDS on monthly interest charged by bank on working capital limit

SIR,
KINDLY TELL ME, WHETHER WE HAVE TO CONSIDERED BOTH COMPONENT - DEPRECIATION OF VEHICLE AND INTEREST OF CAPITAL EMPLOYED IN THE ESTMATE OF HIRING OF VEHICLE.

I have a confusion in accounting treatment of FD,so plz guide me.
problem is
Eg. F.D=200000
Interest at end of the year=20000
TDS=2000

Then what will be the exact accounting treatment
1=in p&l = 20000 or 18000
2=in b/s = 200000+(20000 or 18000 )
if 18000 then where to show TDS amount of rs 2000

And

if i file my return to take credit of 2000 then how TDS appear in Books of accounts
like if it shown as current assets the why it is shown as current assets coz we have already taken the credit .

plz guide me
thank you in advance

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Our client has started a new project(Building Complex).We are capitalising all the expenditures incurred till now and thereby leaving the profit & loss statement blank.According to another CA the expenditures should be shown through P/L and do not leave it blank.What is the correct procedure?Plz answer with material arguments!