Sir now whatsapp is charging rs 55 per year as a charge . Now the service provider ( whatsapp ) is located in a non taxable territory and we the service recievers are in a taxable territory . Consequently, the reverse charge mechanism is applicable here . My question is , in reality who bears the burden of paying the service tax liability to the govt ? Or are these social networking sites like facebook and whatsapp are exempted from service tax ?

dear sir
what is the difference B/n cash discount and Rebate.
Are they same?

hi sir one of the director has taken the funds from business more than his capital and quit the company Ex: His share capital 500000 but he has taken from the company is 2000000 so please tell me how to adjust the entry URGENTLY.....

Dear sir, good morning!!. sir what is form c and how can one obtain it. pls advise . thank you.

Hi Experts, We are maintaining our accounts in busy(old version).By default there is 2% cess on TDS on commission paid on sales 194 H and all other sections.do I need to change it to zero or it is correct?? I mean if I will have to make the payment for 2% Cess on Amount of TDS

What will be the journal entries for the commission given on sales in Cash.how to maintain commission a/c

anyone can help me in consolidation I dont know which q to do or not to do I am confused plz suggest basics so that I can solve that part in every question and important adjustments

Dear all, a very simple question, can anybody tell me why opening stock and closing stock are considered for deriving profit? Ex: sales closing stock-opening stock-purchases-cost=profit. Whereas actually the profit is sales-costs.So why stocks are considered

name the category of account that is not balanced. what is the meaning of balanced in this case.

whether the lpan amount transferred to capital a/c or it is directly settled through cash bcoz in ts grehwals book it is said that this loan amount is nottransferred to capital a/c while in dk it is said that kt is transferred to capital a/c so what is the matter