Hi

We are a retail trade company. As a general procedure, while returning any goods to the supplier, we issue a debit note. However, since the supplier is at a small scale level and does not have any knowledge of credit note to be issued (post we issue a debit note), will it be right if the supplier authenticates the debit note by signing a copy of debit note issued by us?

Any help in this regard will be highly appreciated.

Thanks

Need urgent advice NRI sold property in India through his brother. But there is no power of attorney. he will pay capital gains and want to repatriate money. Now question is who will pay tax..NRI or his brother in representative capacity. If brother than what is the Procedure. Is power of attorney is mandatory. in return filling is mandatory how this tax paid will reflect.

what is concept of huf and what are income tax slabs of huf???

Please provide the treatments for Sale bill Discounting and purchase bill Discounting with bank by the company.

I had paid demand for income tax 3 days ago.Nd by mistake i paid same amount of demand again And sbmit the same for rectification in both the case Now how can i get my money back pls help me as soon as possible

If we made any payment according to the verdict of the court then we booked the expenditure in the head of legal charges or rates and taxes.

Regards
Amit Nandy

hi everyone . . 1.) there's a closing stock of 1.5 cr in my company . which is fake . and it was standing from 4 to 5 years . we want to reduce it to zero. but mangement dont want to pay cst or vat . whats the other alternative ? 2.) during the previous year gp ratio of our company was 6.5%. and in this year we want to reduce it to 3.05 % due to steel market down. will income tax allow it ?

sir, anybody can tell me what is the expenses percentage to be declared compared to netprofit.

Attendance machine is fixed asset or not .what is journal entry in the book of account.

Thanks

Dear Experts,
Please let me know how to compute depreciation after providing for impairment loss on plant and machinery in the current financial year.
It would be helpful if query is answered with the help of the following Example:-
Date of Purchase - 01-Apr-2013
Useful life of Asset - 10 Years
Cost of the Asset - 1,00,000/-
Depreciation Method Followed- SLM
Current Financial Year - 2015-16
Impairment Loss Recognised on 1-Apr-2015 for the particular Asset- 30,000/-

Please let me know the depreciation to be provided for in the statement of Profit and Loss for the year ending 31-Mar-2016.

Thanks in Advance.