dear sir,

what is the annual rate of profession tax payable by the employers of a private limited company and proprietory concern in karnataka and the last date of payment !

please resolve.

with best regards

vijay

we purchase in out factory vacuum cleaner and god which heads of account of both item

I have purchased 2 type of goods. Goods X pur from local & freight exp paid to a transporter and Goods Y pur from party nd party had already paid freight exp to transporter and issue an invoice (inclusive of freight exp).

What should be the treatment of Goods X pur and Goods Y pur.

plz ensure the journals entries.

Head office is in Mumbai & branch is in Hyderabad.Prfit earned by Hyderabad branch in a particular accounting year is to be transferred to head office in the books. Than what accounting entry to be passed.
The situation is head office sells the goods to hyderabad branch at cost.And than hyderabad branch sells the goods After their profit margin .....so all the net profit the client want to appear in single account i.e in head office accounts .....
So can anyone suggest me the accounting entry to passed.

sir , I purchase share of rs10 after sale rs.100 . I receive rs 90 as profit in each share . kindly give me sugesstion rs 90 is calculated under capital gain tax or as per cacluate income in normal slab rate

what is DIN no.?

The assessee and his friend purchased 2 plots in 2010 & 2012, respectively and started a Partnership Firm for Construction on said plots. In 2013 the construction is completed and they sell the 24 flats constructed on the said plots. Now how accounting is made for said transaction? How profits should be booked and Is there any Capital gain involve after sale of Flats?

Sir,

An institution failed to record TDS which was deducted from its income for the previous Year.So this was not reflected in the financial statements for the previous year. However on filing IT return for the previous year,the amount of TDS was reflected in form 26 AS.How can this be recorded in the financial statements for the current year? Journal Entries required.

Sir,

An institution failed to record TDS which was deducted from its income for the Previous Year. So this was not reflected in the financial statements for the previous year.However on filing IT return for the PY, the amount of TDS was reflected in form 26AS. How can this be recorded in the financial statements for the current year?

Their is existing steam pipeline forming the integral part of turbine and boilers.
Now it is needed to be replace with new and redesigned pipelines that reduces the stopage of boilers and turbines by reducing the steam leakage.

wheather this is capital exp.