Hello,

One of my party has provide goods o Rs.5,00,000/- to govt. sector. Amount include charges of labour also.
Party is liable for service tax and VAT.
if they make one invoice of Rs.5,00,000/- then how to calculate service tax and VAT

Please help..........

Dear sir

tell me if proprietorship concern having turnover less than 60,00,000 for the A.Y.2012-13 what are the records he should be maintained under income tax purpose and sales tax purpose

Regards
ramesha

what is the meaning of trail run expenses?? what is its accounting treatment??

what is the meaning of trail run expenses?? what is its accounting treatment??

Sea Ports provide service of harbouring of ships and facilitate loading and unloading of cargo.In order to help smooth movement of ships Radar based navigational assitance is deployed by the port which is known as Vessel taffic management system(VTMS).Now there is port P1 which shares common waterway with port P2,which is situated in few miles before P1. Now P2 purchases and deployes a VTMS and 50% of the cost is shared by P1. The VTMS is within the premises of P2 and operated by it but benifited by both P1 & P2. Should P1 capitalise 50% of the cost in it's books?

Please let me know under which account group Salary Arrears account should be opened. I mean is it a current liability or indirect expenses?

a person having a income of 600000/-per annum through salary. how much tds to be deduct per month except tds any other charges have to collect by the employer.

please clarify asap.

1. under which group salary payable should be created and how

2. under which group salary should be created and how

Hello ..... Everyone I have a Query for You which is posted as shown below

XYZ a Trading Firm it is engaged in the business of Silver & Gold Ornaments

firm has taken a Silver as Loan (E.G.10 Kg of Silver taken from Individual) and at the end of the year silver of 11 kg is given to such Individual whether there is any impact on valuation of Closing Stock and what would be the impact of such transaction in the Books of Firm & Individual

received a bearer cheque for 15000 from dhanraj
1> bank a/c ......... dr
to Dhanraj's a/c
OR
2 > cash a/c ......... dr
to dhanraj's a/c
please comment on this with reasons