Q. if party bill crossing threshold limit then tds must be deducted on crossing amt or all over bill for hole period of yre

can anybody tell me what is ASI???

Dear all,

Pls help me on below issue :

we have incurred INR 15,000 for purchasing the computer parts in FY 2009-2010.

We have not made any provisions in FY 2009-2010.

Now we have received the bills in April 2010 and we have to pay the claims.

How can we treat this INR 15,000 in FY 2010-2011 and what will be the implications on taxation part , pls brief ...

Thanx in Anticipation !!!

Regards/Deepak

In 2008-09, the expense for incentive was booked as Incentive A/c DR. 150000
To Incentive Payable A/c 150000

The payment of incentive is made in April 2010 and the entry made is -

1.Incentive Payable Dr. 150000
TO TDS Payable A/c 45000
TO Amount Payable a/c 105000

2. Amount Payable A/c 105000
To Bank 105000

Is this journal entry correct?

Pl . tell me What is DTA & DTL, how does it is created ,As per AS 22, kindly tell how can we set off DTA & DTL,

x takes loan of rs. 4000 from me. now his interest is rs.1000. now he wants to settle his account. what will be the journal entry for me?

I have a quary please anybody can clear it one of our employee getting pension and received salary from here. The employee also have form 16 of pension. So my quary is like " there is no option to show the deduction amount in anexure - II of form 24q in qtr-4 the following amounts like as
total income 950000(excluding pension income)
pension Rs.271790 and TDS on thereof Rs11514 savings are150000. So please guide me how to adjust this TDS on pension in anexure -II of form 24q

Does anybody has Accounting Standards in detailed in chart format
i mean detailed explanation of accounting standards in with the help of chart

please post it..

Can anybody tell me when TDS Should be credited in the books of account.
When Supplier's Bill is Passed / Sanctioned ??
OR
When Actual Payment Entry is made??
Thank You in Advance

1.MY CLEINT RUNNING TWO BUISNES IN SAME CONCERN ONE IS WHOLESALE AND OTHER IS RETAIL. HE TRANSFER GOODS FROM WHOLESALE BUSINESS TO RETAIL BUSINESS. I ALSO SATE THAT THE PRODECUT IS COVERED UNDER VAT.
WHAT WILL BE THA BOOK ENTERIES FOR TRANSFER OF GOODS ?