SIR,

WHAT EFFECT ON PROFIT & LOSS A/C OF PREPAID EXPENSES

hi all, can u please explain why incorporation exp are not allowed under invome tax..

can a person be proprietor in two firms?????

Hw tu prepare for both grup IPCC in 1 mnth

If the Amount is not recovered from the trade debtors for a long time say 2 years and the company has not created provision for baddebt for that particular debtor then under which head of Balance sheet(under revised schedule) is that particular debtor posted. (Current Assets or Non Current Assets).
Say the operating cycle of the company is 15 months.

Which section of income tax covered societies registered under Society Registration act 1860 of india ?
if the gross receipt of said society is 99 laks, the tax audit is compulsory or not. Please mention.

hai sir this arif here i need a help our company has started a new show room,they made some investment for the renovation for this,like fixing for tails sanitory fittings, carpentry paints expenens all they decorated like new.and the they purchase some equipments also like electrical equipments so for this regarding how i want to record all this transactions like a expenditure or a assets under decoration

Hello everyone,

one of my client is a pvt ltd company

Net profit before tax : Rs.937410/-
Tax deducted at source : 156224
provision for tax : ?

there is no difference in book profit and taxable income from business and profession except for provision for tax.

how much amt should be provided in the accounts for income tax(incl. advance tax interest) ?

waiting for the views of the experts.

Hello everyone,

one of my client a pvt ltd co has provided depreciation in the books at the rate prescribed under the income tax act.

so while computing his tax liability there is no difference in depreciation as per books and as per income tax act.

Is this treatment correct ?

We are a manufacturer, buying Edge Cam Software for designing worth Rs.120000/- what will be taxes we need to pay for interstate purchases.