Dear Sirs, pls explain what is bank guarantee and its purpose.Thanks in advance...!

Dear Sir,

We are running private school.Please guide me what will be the correct break up of salary of below mention amount. The break up should be according to income tax norms.

For Salary Earner:- Rs 75000
RS 38000
Rs 20000
Rs 18000
Rs 15000
Rs 12000
Rs 10000

Awaiting for the reply.

Regards
Mohit
7895672525

Dear Sir,

I need filled or sample of Canara bank Stock Statement NF-902 for Retail Industry. I'll be grateful if you send me the same to My Email address: ramkannak@gmail.com.

I am eagerly awaiting for your reply.

Thanks & Rgds,

RAM KANNA k
ACCOUNTANT

Respected Sir

Can i issue credit note of Freight .

Dear Sir,

we are manufecturer of electric capacitors in U.P and we purchases the local U P & other state then our Purchasing bill Date 25.03.2015 and received the materials in 8 april 2015 then we entry in march return or april return

Dear Experts need ur advise on the folloqing,. If a company's net profit crosses Rs 5 crore in F.y.14-15 then the provisions relating to CSR is applicable from F.Y.14-15 OR From F.y.15-16 and whether is it necessary to provide CSR exp of 2% in F.Y.14-15. Thanks

A company sends its cars to dealers on sale or return basis.All such transactions are however treated like actual sales and are passed through the sales day book. just before the end of the year two cars which had cost Rs 55000 each have been sent on sales or return and have been debited to customers at Rs 75000 each, cost of goods lying with the customers will be? a) 110000 b)55000 c) 75000 d) None

As per AS-3 A Co whose turnover exceeds Rs.50Cr has to prepare Cash Flow Statement.

Now a Company's Gross Turnover is Rs.51Cr but Excluding Service Tax it comes to Rs.49Cr.
Does this Co has to prepare a Cash Flow Statement now??

Do we need to pass 3 entries for refund?

1 . at the time of filing the return which we calculate and
2 . at the time of receipt
3. when less refund is received or no refund is received so to reverse it from current asset?

IT Provision ( S.A.Tax) for P.Y. 2013-14 is paid in the current year so i passed the following entry

S.A.Tax ( Current Asset)
To Bank ( Current Asset)

but then while making the provision the entry passed was
p& l
to IT Provision ( Provisions)
so how will this IT Provision get reversed?

Also the advance tax paid of P.Y. is carried forward in the current year so i just have to check the current transactions in it?
The Refund of p.y. are showing in the current assets so how to reverse it?