Hi Exports,

I need information about the Expencess payable

i have books Expenses Payable A/c Credited Rs.4200 at the Mar-2014 after Apr-2014 i have recd bill of amount Rs.2350 Apr -2014 month i have booked Expenses payable Debited Rs.2350 balance it show Rs.1850 where can i transfer this amount

thanks

Hai,

I have one doubt if private limited company selling their products to other countries like india to malaysiya that time which type of taxes will affected?

DEAR SIR,
I AM SALARIED PERSON BUT MY ANNUAL INCOME IS 2LAC. I RECEIVED SALARY IN CASH NOT ANY SUPPORTING DOCUMENTS. MY INVESTMENT IN LIC, BANK FDR. I WANT TO FILL MY PERSONAL ITR RETURN FOR FUTURE PLANNING OF LOAN & SAFE SIDE VIEW INCOME TAX. PLEASE GUIDE ME HOW I SUBMIT & WHICH FORM SUBMIT.

we installed CCTV camera at site. please confirm about Head we will pass the entry.

87A applicable for huf?

If a company has received a show cause notice to disallowance of certain expense of Rs300 resulting in probable tax demand Rs. 100. The entire demand has been paid by the Company under protest.

Should Rs. 100 will now be disclosed in Notes to Accounts as Contingent liability.

One view of the Auditors is that since the amount has not been expenses off it should be shown as contingent liability.
Another view of the Auditors is that since no further cash flow will be there so no need to show it as contingent liability.

I imported a Machinery and sent full payment in advance @Rs.89 to a Euro. When the machinery was imported into the Country, customs valued the machinery @Rs.86 to a Euro.

At what value should I take machinery into my books of account at the value I remitted or at the value which custom officials have taken

when service tax can be part of expenses please provide with example thanks in advance.

what is difference B/w General maintenance and repairs maintenance charges ?

HOw the Trail Run Expenditure will treated in the Accounting and please refer the Standard also.?

As per AS 10 - It mentions only about the expenditure and didt tell about the income treatment.. as per my view