what entry to be done .....

we are a educational company and received a invoice from a company like this

service charges ===100000/-

service tax ===12360/-

total amount 1,12,360/-

We take service tax credit than what entry we have to put and tally and what amount we pay to party ////

Dear Sir
Our company purchased EPABX system of Rs.21000/- & Installation Rs.4494/- total Rs.25494/-

Whether to capitalise above ?

and if Capitalize then please tell the
fixed asset account name and life of the asset ?

Thanks
Arun

Mr. X (prop.) has open LC in foreign currency USD 1000 on 5.2.15 USD rate Rs 63.00 (suppose) on 5.2.15 and LC is due on 15.5.15 USD is Rs.61.00 (suppose).

When to book foreign exchange difference Rs.2.00 per USD (63-61)in FY 2014-15 or 2015-16.

Kindly reply on urgent

Good Afternoon to All Experts in CAclubindia.

I am working in sub branch,
I am send tally data to head office, again they are send updated tally data to me.

How to save sending tally data from HO in Tally.


Please solve this problem.

Please explain the term of minority interest in simple language.

A company is involved in provision of taxable and exempted services. 95 of its turnover is taxable turnover and hence they started claiming 95 of service tax as input.. But in the case of service received through reverse charge, they have been claiming at 100. Is this practice right??.. Please explain

what is the treatment of proposed dividend as per AS 4?

IS DEFERRED TAX CREATED ON AMOUNT TRANSFERRED/DEBITED TO RETAINED EARNING DUE TO DEPRECIATION AS PER NEW COMPANIES ACT?

In our company an employee got transferred from our overseas company to an Indian company, both under same management/group. Employee is eligible for gratuity as he was working with same management company overseas.
He served 4 1/2 years overseas and is about to complete 5th year.He was not paid in his full and final settlement any amount on account of gratuity while transferred from overseas company. Though he was entitled for it as per local law.
Now the query is, on which salary the provision is to be mad i.e. last salary drawn overseas or the salary currently being paid in India.
As per employee, he will be at loss if his overseas salary is not considered for gratuity calculation.
Pl. advice.
Thanks

company has paid gratuity to an employee from its own funds and then lic will reimburse the company so i want to know under which head to classify gratuity payment to employee and the reimbursement from lic