Gajjala Satheesh
This Query has 6 replies

This Query has 6 replies

03 June 2011 at 13:25

TDS Deductible Amount

Dear Sir / Madam,

My MD Sir Salary is Es. 67050/- on that much of amount Rs. 7000/- is deducting as TDS per a month.

If the Salary is Rs. 86550/- how much the amount to be deducted as TDS per a month.

Could you send me the message to my email ID Plz.

satheesh.safal@gmail.com



Anonymous
This Query has 5 replies

This Query has 5 replies

03 June 2011 at 13:16

TDS

Dear Sir / Madam,

Could you please advise me.
We are deducting our MD Sir Salary67050/- on that amount, We are deducting TDS7000/- per a month.

But the Salary increased to86550/- can you advise me how much the to be deducted on this amount of Salary.

Plz Sir.

Thanks & Waiting for your reply.

G. Satheesh
Sr. Accountant.
satheesh.safal@gmail.com
gss2satya@gmail.com


Deepa
This Query has 1 replies

This Query has 1 replies

one of our client received payment in advance for a non-civil contract on 16/03/2011. he also made the provision for service tax and paid on 31.03.2011. Now as per service tax law it is cumpolsury to raise the invoice within 15 days of advance payment received. my client raised the invoice also on 31.03.2011. But my friends the contract is not started in F.Y. 2010-2011 but it is started in April 2011. Now i want to know how we can recognice the revenue for F.Y. 2010-2011 for this part. Please tell me asap


Srinivas
This Query has 3 replies

This Query has 3 replies

Here my query is whether Borewell to be capitalized under Buildings or Land as Land development. Further whether can I capitalize drilling cost, PVC Pipes, Electrical Compressor and other accesories all put together as borewell.



Anonymous
This Query has 5 replies

This Query has 5 replies

02 June 2011 at 15:09

accounting entry

Three parties X,Y AND Z
"X" sold goods to "y"worth Rs.80000. "X" has given discount to "Y" of Rs. 30000

In the books of "Z", "Y" has a debit balance of Rs.38000. He settles the same by paying Rs. 8000 and asks to adjust the discount of Rs.30000 received from "X"

"X" and "Z" have continuous running balance in each other's books.

will "X" be able to take credit of discount given in his books? if so please suggest the accounting entries


sanath
This Query has 3 replies

This Query has 3 replies

Is there any limit or any provision/procedure subject to which cash can be infused by a director in a private limited company??



Anonymous
This Query has 6 replies

This Query has 6 replies

02 June 2011 at 14:08

TDS Deduction on Advance ?

Pls. tel me whether TDS should be deducted on Advance amount also or is it only after the bill is receieved from the concerned that TDS entry be booked?Im confused...Pls. help me....



Anonymous
This Query has 2 replies

This Query has 2 replies

02 June 2011 at 14:05

Capitalising-Journal Entry

Pls. help me with the capitalizing journal entry.
Also i would like to know that whether assets should be capitalised based on amount?apart from ensuring whether the exp being capitalised has resulted in improving the efficiency of the Asset,if the amount is meager will that still amount to capitalising asset in books of accounts?



Anonymous
This Query has 1 replies

This Query has 1 replies

02 June 2011 at 10:02

depreciation

our company (pvt ltd. co ) is following slm method . What is the rate of depreciation to be followed for plant and machinery . According to me it should be 4.75% but our co is taking 13.91% (wdv). our consultant is saying in nesd the general rate is 13.91% Please clarify.



Anonymous
This Query has 3 replies

This Query has 3 replies

01 June 2011 at 21:24

Loan from SBI

dear sir, my client, who is a doctor wants to buy a ready made house worth Rs.1500000/-. he wants to take loan Rs.10 lakhs,from SBI. the bank Manager wants a project report. what accounts or statements should i prepare?

Client not covered u/s44AB.






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