Hi
I am working in Properitorship firm
my boss has paid his House rent Rs.41,000/-
per month
will i get exemption in Income Tax
for whole amt what is the limit for the same
what would be the journal entry in Tally
Pl suggest
Thanks

Can you please inform me which is the best text book for accounts for both CPT and IPCC exams and for self study.

Thanking you in anticapation,

Regards,
Dhanaraj

What is the difference between notional profit and estimated profit?

hi I am swaroop,I registered CA inter course through direct entry after complicated my b.com(date august 26-2013) .I received temporary SROTO 410065 number by icai email notification few weeks ago(20-September-2013),but still I not getting permanent register number.when I get my permanent reg no. I am ready submitted all my b.com degree attested copies with my application .my DD payment number is 707307 and date of birth is 20-01-1993.I also checked enrollment number list in ICAI websites but I can't find my register number. my friends and I applied CA course with the date they already received the permanent register number .so pliz help to knew my permanent register number .SWAROOPA.M.K

which subjects main? how ihave to concenterate?what are the pet subjects in IPCC

Dear sir,
I am going to do franking of Deed Agreement
it mentioned Our Company giving 55,00,000/- to produce film to another party
both company is from Mumbai Only.
Pl suggest its Urgent
I am trying to know the details from last 3 days but did not get the proper information
Thanks,
Siddharth

I wanted to know that my client is Pvt. Ltd. Company Now How Much cash he can receive on any sell of materials.

dear sirs,
Our business is hotel booking out side india. When our foreign customer raised bill to us in foreign currency we make entry in tally with prevailing rate on invoice date. We will making payment to them in foreign currency but there is diff in rate. The rate on invoice & payment is different. What shall treat the diff. in customer account ? What we doing account entries are correct or not please guide us.

XYZ Company sells goods on a gross profit of 25% depreciation is taken into account as a part of cost production. The following are the annual figures given to you: Sale (Two month's Credit)18,00,000 Materials consumed (One month's credit)4,50,000 Wages paid (One month lag in payment)3,60,000 Cash manufacturing expenses (One month lag in payment)4,80,000 Administration expenses (One month lag in payment)1,20,000 Sales preomotion expenses (Paid quarterly in advance)60,000 Income tax payable in four installments of which one lies in the (next year) 1,50,000 The company keeps one month's stock of both raw-materials and finished goods. It also keeps Rs. 1,00,000 in cash. You are required to estimate the working capital requirements of the company on cash cost basis assuming 10% safety margin.

Dear SIr,

Diff Between capital Expenditure & Revenue Expenditure pls tell me........?