Goodmorning Sir,

My firm is a Partnership Firm name Premier Tools,

I Purchase Bills of Labour Charges I Have to Deduct a TDS for FY 2009-10 From April to Date Bills are allready Booked on Bill dates Please Say me at Wtat rate should the TDS Deducted I Purchase Labour Charges from Tirupati Enterprises he is a prop Firm At what rate should TDS Deducted for April to Sep 09 and from Oct what Rate.

Whose nature should be Consider for TDS (Creditors OR Our Firm) please clear the consept.


Regards

Survesh

X has hired a workshop for two wheelers repairs and service.

To make the workshop completely fit for business, X has done of its own the following activites / works:

Borewell and Plumbing works.

1. Purchase of Materials for borewell and
plumbing works.
2. Purchase of hardware materials.
3. Purchase of 1 HP Pumps.
4. Labour Charges.

Drainage work for Workshop

Same as in 1. to 4. above.

Water Wash facility

Same as in 1. to 4. above.

Electricity - 3 Phase connection.

1. Amount paid for 3 Phase connection.
2. Purchase of Materials / Cable
3. Labour Charges.
4. Expenses incurred at EB Office.


How do we account the above expenditure ?
What are the appropriate account heads ?

Experts response is highly appreciated.

i'm confused about 2 different courses viz "Diploma in International Financial Reporting" and "Certificate in International Financial Reporting "provided by ACCA (uk). What is the difference exactly? which is better and more detailed?

And How IFRS course provided by ICAI is(?) in comparison to that provided by ACCA in terms of learning content and recognition?

How to deduct Pro rate basic for moisture in coal. Allowed moisture is 7.5/% actual moisture is 8.76% Rate for Coal per Mt is Rs 2300/-

Please help

Dear Sir

I want to know Calculation and Accounting Entries of PF and ESI
Please tell me with illustration.

Thanking You:-

my client (an interior designer) has incurred expenditure of Rs. 5 Lakh on development of portal. In income tax, it will be treated as intangible assets and will be eligible for depreiation @ of 25%. As per As-26 what should be treament in books of accounts. Can we decide to write off in less than 10 years. or is their any other treatment.

Dear Sir Nd Friends ,

while valuing the Creditors at the end of the financial year at the closing rates of currency the company reports a foreign exchange loss , wat wud b the effect of this loss on the o/s balance of creditors , will it b added to their balances nd then shown in the b/s ?

thnx in advance .

Suppose i have Rs5lakhs worth of gold and now i give it on a monthly rent to a firm. Now when the firm sells it it will increase its profit. Now the profit stated is not correct what will be the treatment in my books and in firms books should i record notional purchase at market value

Dear Sirs,

Does purchase of licensed software come under ASSETS? If so, is depreciation allowed on that?

If they do not come under assets? can they be treated as business expenditure?

Kindly let me know.

Regards,

Rajesh

sir in finalling account of individual LIC Premium were i show my senior told me to show it as indirect expenses on p&L a/c but he has no buisness at all plz help i Know it is an personal expenses so,i want it to show on drawing