Dear Sir,

Greetings of the day.

I want to ask that whether it is mandatory to show tax provision as current tax under the head tax expenses??

Any mandatory requirement as per schedule - III or income tax act??

Please reply on an urgent basis...

Thanks and Regards,
Nihal Joshi.

how to treat car loan principal Amt and interest in p/l A/c
car is both purpose personal & business

We r a newly started society. purchased fixed Assets like Ac, Fridge, oven, furniture, , computer etc. While taking Audit compliance, Financial Report, BS in Tally.ERP9 fixed Asset section it is marked in red letters as Non-grouped asset. Is there any mistake in my entry. For example: the ledger Ac Is coming under Fixed Asset. In journal Ac Dr 34000 To Abc 34000. Pls. help me Thanks.

wht is the current situation of extension due date of tax audit?did cbdt moved to sc ?

dear expert please help

what is the account head for website development charges ?

is it capital expenditure as per As 26


and what is section applicable for that


its new wesite development charges

Dear Sir An agency has done our brochure design and printing. For designing they charged Rs10000/- & for printing Rs9000/- as single bill. On which head I have to account the same. Thanks

Noc format for changing CA

On lsJanuary, 1993 Trucks were purchased by A on the hire-purchase system. The cash price of each truck is Rs. 55,000. The payment was to be made as follows.
10% of cash price Down.
25% of cash price at the end of each of the 4 subsequent half-years.
The payment due on 31st December, 1993 ould not be made and hence trucks were sized by vendor, but after negotiations, A was allowed to keep 3 trucks on the condition that the value of the other two trucks would be adjusted against the amount due, the truck being valued at cost less 25% depreciation. A��s books are closed on 30th June each year and he charges 15% depreciation on trucks on the original cost.
The vendor spent Rs. 6,000 on getting the trucks thoroughly overhauled and sold them for rs. 95,000. Show the various accounts in the bools of both the parties.

I have received Insurance Claim of Rs. 70 lakhs from insurance company . But my claim is for Rs. 130 lakhs . The balance amount they give me after September Closeing. Hence what is treatment of balance insurance claim in my books.

What is the accounting treatment for ' Income tax of prior period' incurred in this year..?