Hi , Please help me to calculate net payable amount under work contracts.
Contractor bill amount:-
Value of work (including labour and material charge)= 300000
KVAT charged = (300000*75%)*14.5% = 32625
Service Tax charged= (300000*40%)*15% = 18000
Total Billed amount = 300000+32625+18000= 350625

We are the client to pay bill amount, Please tell how to calculate net amount after deducting TDS-1%, WCT-8% and Retention- 5%

i have a query there is a Doctor in his books their is a ultra sound machine of rs.800000 on which he is not claiming depreciation but claiming depreciation in income tax....now he sold that machine for rs.25000, what will be the treatment in his books.

hello expert if I have received gold on my own marriage from my father mother etc. what will be value of such gold? either current market value or cost to previous owner?

sir mujhe 400000.00 cheq se mil raha hai main is amount ko Balance sheet mein kaise dikhana hai.

Hi Can anyone please suggest me the which consolidation software is good for consolidation of subsidiaries. Thanks Akadh

for example- i sold the goods of Rs.30000 and after 30 days received amount of 25000... that mean party discount Rs.5000. so how to do discount entry on accounting software... remember - bill already send to party.. that mean i never discount in sale bill..... so answer me :)

Hi. my client is real eatate businessmen. and he organize a seminar and programme also. my question is that tds attract on food expenses. whole year payment is 4 lakh?. of one person tds on contract is applicable or not

What Procedures or accounting treatment to do in case of cross investment in associates in respect of consolidation of financial statements under AS 23 ? (i.e. A Ltd. is associates co. of B Ltd. & B Ltd. is associates co. of A Ltd.)

As per IAS 16, when incurring costs towards safety equipment at the stage of initial purchase, the said equipment is eligible to be capitalized. Extrapolating the same situation to an asset already in the books, and an investment made in improving safety standards of the asset due to a safety regulatory requirement, whether to be capitalized or treated as revenue in nature?

For the purpose of consolidation of a holding co. (say A Ltd.) with an associate Co. (Say B Ltd.) , whether Standalone financial statements of B Ltd. should be taken or CFS of B Ltd. ; where B Ltd. has susidiaries (Say C Ltd. & D Ltd.).Please give reasons for your answers.