As a contractee I am deducting WCT as per state law and TDS as per income tax law on civil contract.

contract for Rs. 500000

how much TDS and WCT will be if tax rate is 2 % for TDS and 4 % for WCT and what is accouting treatment will for this transaction.

Is it new name for ASs (Accounting Standards) or some what extra? Please clarify.

1)Whether after introduction of accounting standard AS-26,i.e accounting for Intangible assets,there will be no deferred revenue expenditure.

2) Then what is the treatment of deferred revenue expenditure if the above is correct?

hi friends, i want issue of shares, allotment , first and final call journal entries with explanation(golden rules) .. explain those journal entries (why its debited and credited) plzzzzzzzzzzzzzzzzzz.

R/sir,

iWANT TO GAIN FULL KNOWLEDGE ABOUT ACCOUNTING STANDADR.

THANKS.

Please tell me the updated status of IFRS, along with the brief knowledge of its. Pls tell me which should be more approprate?

I m a petty contractor in construction sector. whenever RA bill is raised, the principal contractor (under whom I am contracting, the employer) is deducting @ 6% from the billed amount. the break-up is :-
TDS 1% - as I have the PAN
EPF 2.5%
Retention Money 2.5 % to be released at the year end.

(1+2.5+2.5 = 6)

Any one please help me clarify that under what Act or Rule the principal contractor is authorised to deduct 2.5% towards EPF. Please.

Regards

PC Patra

DEAR SIR
MY OWNER HAVE DIFF COMPINES. FROM THAT ONE OF THE CO NAME CALLED P.P.C. ASPER THEIR B/S AS ON 31/12/09 SHOWING THAT MY OWNER HAVE PROFIT RS.100,000/- AND THE SAME TIME MY OWNER IS PAYABLE TO THAT CO RS.60,000/-
ON 31/01/10 THEY TRF FROM PROFIT RS.60,000/- TO CLOSE THE PAYABLE(OWNER) . NOW MY OWNER HAVE PROFIT RS.40,000/- ONLY ASPER THEIR A/C
NOW I WANT TO POST THIS ENTRY IN MY A/C. I AM WORKING AS HIS PERSONAL ACCOUNTANT. PLEASE GIVE ME THE JOURNAL ENTRY AND THIS I WANT TO POST UNDER EQUITY HEAD OR NOT.
P.P.C CO. MAKE ENTRY AS FOLLOWS
For Loan - Debit P&L - Credit Loan receivable from Owner Rs. 50,000
Q1. I WANT TO BOOK IN MY A/C ,OWNER NEED FROM P.P.C CO. 100,000/-
Q2,FROM THAT AMT I WANT TO CLOSE PAYABLE A/C.
PLEASE GIVE ME THE ENTRY.


PLEASE HELP ME.

What is the duration of Foundation and Intermidiate course in ICWA?
What are there registration dates?

How many questions do I need to practice in accounts group 1 in each chapter....IPCC