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We required 10,00000 lakhs funds sir , which option is better
1.cash credt
1.OD
1.Term loan
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can anyone please tell me about the best CA firms of mumbai amd pune for articleship
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can anyone tell me about banking cash transaction tax and fringe benefits tax?
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in a balance sheet i found
GENERAL RESERVE - 1603
P/L ACCOUNT - 807
SECURITIES PREMIUM - 500
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Total 2910
after B/S its given profit for the yesr ended given 3060. there are some rectification amounting to rs 60 , so after rectificatio profit comes to (3060-60)=3000.
so my Q. is what could be the probable cause between such difference means why is there a difference between 2910 and 3000. it should be same.
Referncence - Praveen sir , ca final , valuation of goodwill chapter , ABC Ltd.
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Cst tax comes to which exp? Indirect or direct?
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Finance Bill 2014 provides that CSR spending u/s 135 of companies act, 2013 will not deductible under section 37(1) of Income Tax Act,1961.
And my query is this if this is not deductible u/s section 37(1) then what will be its accounting and tax treatment?
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Bank had charged excess interest of Rs. 1,68,000 on CC Limit till 31st march 2014 from ABC Limited. After complaining, they refund the same in may month. How should we treat the excess interest in our books for the financial year 2013-14?
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Dear Experts,
Hello,
My query is
An assessee who is individual has paid some amount say Rs. 150000/- to a builder from whom he is going to purchase a residential flat. On this payment he has deducted tax @ 1% amounting to Rs. 1500 and duly deposited with government.
How to account this Rs. 1500, which is deducted tax by individual, in his books of accounts i.e . in the books of purchaser of residential flat?/
thanks in advance..
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If i get borrowings from some persons for investing business then what is the limit of amount from borrowers?
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