Dear all,

Which date & rate of exchange to consider for passing the entry for Import purchase.

1) Date of bill & rate of exchange on tat day?
2) date of Bill of Entry & rate of exchange on tat day?
3) Date of Bill & rate of exchange on Bill of Entry?

or any other method?

Waiting for reply.


Thanks,
Sushil.

if we cash received more than 20000/-
is there any penalty.

upto how many rupees can we get cash in one day from party
best regards
husian

what entries co would pass in its books of Account since it is mere a stake sale.

plz sir clear my this query -sir plz tell me the calculation of tds.int.rate is1.50%.supose i m late & i m deposit it after 3 days(after due date) than how i do calculate it.my tds for the month of october is 1941 i m late to deposit only 3 days.than how i will calculation of this.
1941*1.50/100/31*3=3
or
1941*1.50/100=29
which is right . bcoz some expert say that calculation is may be
1941*1.50/100

good morning sir, sir clear my this query -sir plz tell me the calculation of cst int.rate is 1.25% in uttarakhand. supose i m late & i m deposit it after 3 days(after due date) than how i do calculate it.my cst for the month of october is 989111 i m late to deposit only 3 days.than how i will calculation of this.plz tell me calculation
989111*1.25/100*3/365---102 or
989111*1.25/100-12364
in both calculation which calculation is right.plz sir reply.in this query some expert tell me that the calculation is

989111*1.25/100/31*3-1196.
but sir as per my knowledge calculation is

989111*1.25/100-12364.
than sir plz clear my doubt..

how to make entry of tds provision in tally9 and when do we passed the entry?

hi friends plz. let me know whether the following entry for advance to employees(shown as professional fees) and ajustment against salary payabale is correct or not


Advance(Mr. X)dr 5000
To Bank 4500
To TDS 500

Monthly fees-5000

Professional Fees dr 10000
To Advance (Mr. x) 5000
To TDS 500
To Bank 4500

As per our Co Policy any asset upto 5000/= will be charged 100% depreciation in the month when purchased. Audit says that the said policy is ok for IT Act, but under Company's Act we have to charge at the prescribed rate irrespective of its value. For information we follow Co's Act as far as dep rate is concerned for our accounts . Is audit view is correct. If yes then what should we do as far as asset upto 5000/=

Dear Sir/Madam,

Is there any formula to know the ideal percentage of expenses in a manufacturing unit.

I think it should be based on manufacturing qty. for direct expenses and on sales for indirect expenses.

For major expenses like labour, power etc. can you suggest ideal percentage.

Kindly help.

Thanks,
Regards,
Rajesh Kumar
e-mail : rajeshjagadhri@gmail.com