Hi experts, I want to ask.our company did not pay any advance tax in previous year.But self assessment tax was paid for Rs. 45000.How to calculate the advance tax for this quarter?
Answer nowSir i have written the IPCC exam of nov 2016. I am awaiting for the results and this is my 1st attempt . I wanted to know whether i can start my articleship from now only without passing group 1 ? Suppose if i start the articleship , will that be counted ?
Answer nowwhat is treatment of prelimenary expenses according to scedule 3 and new AS.... if in trial balance if prelimenary exp is 5000 and in other information 1000 rs is given as writeofff. then what we should do
Answer nowwhat will be the journal entry for payment through credit cards and under what head credit card account will come.
Answer nowwhat is non corporate entity?
Answer nowDirector has incurred expenses like petrol & diesol on his on name and also incurred some other expenses on his own name.should we pass the journal entry like we do in business expenses. eg expenses a/c Dr. To cash/bank or should I debit his capital account?? kindly clarify.
Answer nowplz tell me difference between invoice & voucher
Answer nowsuppose Owner of the company paid RS. 13 lac in cash from his pocket against the credit balance of the bank account and close the account.what entry will be passed for rs. 13 lac
Answer nowManager was given Rs. 20000/- in cash by our company.He incurred expenses Rs. 21500.Rs. 1500 will be reimbursed to the manager the breakup for 21500/- is as follows. Draw expenses = Rs. 18000/- Fuel expenses =. Rs. 2500 Food =. Rs. 1000 He lost the bill for Rs. 1000 which was incurred for food.Rs. 1500 is to be reimbursed to him How to make journal entries for these transactions.Kindly help
Answer nowSir lets assume Mr X has 2 acres of land . He sold the land for 2 crores . He also pays long term capital gains tax @20 on 2 crs and remits the balance amount to his son's a/c as a gift . My question is , is the son liable to pay income tax personally or not ?
Answer now
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