Dear Experts,

What are differences between Schedule III as per Comp Act 2013 and Rev Schedule VI as per Comp Act 1956. Please explain in detail.



Thnx in advnce

whether bank balance confirmation letter is necessary for statutory auditor at the time of making balance sheet.

Recently the ceiling for PF contribution has raised from 6500 to 15000. I want to know the 15000 ceiling consists of Just the basic salary or the gross salary which is including All other allowances. can anyone provide me the link so that I can convince my manager.

Hi one of my tenant has deducted TDS on rent for last ten days of march'14 & full month of April '14 while he has vacated on 21st March. The client has given form 16 too. Our billing is till 21st. My question is can we claim this TDS without income. There are other TDS deduction also to be made from tenant which is to be done, can the tenant adjust this tds with tds paid for march n April without income. Please help me.

some days ago a notification regarding advance itt training which will have to be completed before final exam by each student anyone pls tell me about its applicability..

while calculating of DTA and DTL
Temprary difference
Permanent difference
Timing difference is considered please mention the example for the above said three differences.

Hope you all r doing gud..i was going through books of account of a Proprietorship concern...i found out that there were bundle of errors in accounting in current as well as preceeding FYs..like 2 or 3 banks were not accounted for,FDR were not shown in B/S,Negative cash,cash payments of 5 lakhs and much more..so how can i post all those unaccounted bank accounts in company's Books.one thing more concern is under scrutiny case of AY 11-12.

Thanks

plz give me your valuable advice that whether the following entry is correct or not.
Suppose a consultancy firm received consultancy fee..for this he passed a entry

Bank\Cash A/c..Dr
To consultancy Fee A/c

Now he passed entry for service tax payment...i,e.

service tax A/c.. Dr
To bank A/c
(* service tax shown under indirect exp )


However As per me it should be
Bank A/c ..Dr
TDS Receivable A/C..Dr
To consultancy fee A/c
To EC A/c
To SHEC A/c
To Service tax payable A/c

And payment entry for service tax.

Service tax payable ..Dr
EC....................Dr
SHEC..................Dr
To bank
please show me correct way.

In balance sheet, below line "loan from Bank" I had put a note
that such loan is secured by hypothecation of plant, machinery.
furniture, computer

As far as sanction letter is concerned, it is written therein that
loan is secured by moveable assets, land & building.

Query is"

Whether plant & machinery is covered in moveable assets.
Management has contented that plant or machinery is
not covered by sanction letter.

If management contention is right, then I will delete the word
plant & machinery in balance sheet for period ended on 31/03/14 before signing the same from our auditors.

As far as balance sheet of period ended on 31/03/13, 31/03/12
is concerned , I had put the same note. Whether I have to give any note in
balance sheet of 31/03/14 about use of plant or machinery in earlier balance sheets.

Please advise.

i am working in It company i have one doubt about TDS rate & under which section it applicable

in our comopany we are hiring manpower through comapnies ( Skilled person like engineer) we are deducting TDs @ 10% under section 194j please advice this is correct or any other section we haev to deducted

please any experter guide me on this .