as per our auditors advice we have to charge service tax on rent . they have advised to charge service tax on monthly rent - corporation tax for the month. when i tried to enter the same in tally it is not accepting the voucher. Can any one advise me how to enter the voucher.

thanks in advance.
9448826793

We are using tally 9 erp I would like to know that how I can enter amount of deduction u/s 80c 80d in tally against each employees salary so calculation of tax will be after deducting deduction.

while viewing details of each and every emplyees in my tally details of profession tax to be dedeucted showing wrong amount.

how to correct the same.

Anyone pls tell me the easiest way to prepare consolidated balance sheet
with step by step for Preparation Of CS Exe.

Suppose we have taken a loan of Rs. 100Cr for Capex Purpose @ 10% .

That loan could be used to the extent of Rs.75 Crs only. Rs. 25 Crs is being invested in Mutual Fund and we got a return of 15%. Then what is the Interest amount needs to be capitalised

a.) Int Cost Rs.100 Crs *10%= 10.00 Crs
Less:Income on Invt
Rs.25 Crs*15%= 3.75 Crs
Net Borrowing Cost to be = 6.25 Crs
Capitalised

b.) Int Cost on Rs. 75 Crs = 7.5 Crs.

Had it would be suppose income on investment exceeds Rs.10.00 Crs (Total Int on Borrowings) then whether this income (Net of Interest) on investment needs to be deducted from cost of Fixed Assets.

hello... what should we interpret If EPS(earning per shr) of the co. comes negativ ?????

kindly explain me the procedure for converting Huf firm in to Pvt.ltd.co please explain me the impect on tax liabilities , bookes of account, positions of stocks,drs.and creditors.

hi all! I am IPCC student preparing on my own, i am clear about applicability of sch- vi (revised)for certain chapters like amalgamation and all but I doubt about its applicability for chapters like Single entry or Not-for-profit organisation....anybody who is sure about the fact can please help....thanks a lot :)

we have balance of deffered tax receivable...i dont know how to do entry of this..this year this tax amount increased.

show me treatment of +/- amount of deferred tax...?

deffered tax should be shown in p&l or balanceshhet?

A Private Limited Company is charging depreciation as per Income Tax Act, 1961 in its books of accounts since its inception as per policy adopted by the Company.
1. Whether it is mandatory to charge depreciation as per rates of Companies Act or the Company may charge the depreciation as per alternate rates.
2. If mandatory to follow the Companies Act rates, then what are the implications.
3. If no, what are the disclosure requirements in the financial statements of the Company.

my boss give me the his daughter bank pass book & tell me the prepared the income & expenditure account. I am not preparing income & expenditure account. I am creating her account in tally erp 9 but the problem is bank pass book balance brought forward Rs 68871cr. so I am create bank ledger opening balance 68871cr or dr you tell me .
other her brother also give us money deposited what type of ledger created for her brother tell me sir
I so confuse please help me sir