What is the amount beyond which tds needs to be deducted ? For e.g incase of rent what should be the amount I start deducting tds?

On 1 May 2008, Y Ltd issued 7% 40000 convertible Debentures of rs.100 each at a premium of 20%. Interest is payable on Sep 30 and March 31, every year. Assuming that the interest runs from the date of issue, the amount of interest expenditure debited to P & L A/c for the year ended 31 March 2009?

Hi, CAclubMembers

I Got a Accountant job in Construction Co, but i am new to Accounts of Construction Co, Please Help me in this Regard

Dear Sir,
How to treat fixed assets. How to select whether it is fixed assets? Suppose if we purchase machinery parts, then can we treat it as a fixed assets? Pls reply

I need advice regarding short provision of expense.
If Provision of expense made in fy 2011-12 for rs 5 lacs but actual expense is rs. 6 lacs. What is treatment of rs. 1 lac in fy 2012-13
If I make entry in my book as such

provision for exps. Dr. 5 lacs
expense Dr. 1 lac
To Creditors. 6 lacs
then rs 1 lac will be prior period exps (which cant be claimed as deduction for IT purpose in fy 2012-13) or not.
Please suggest the way so rs 1 lac become dedutable for IT purpose in fy 2012-13.

Paid INR 4500.00/- to Al Bawasil Rent A Car for office Staff Can Anybody Tell me the Nature of Expense?

I mean Exact Accounting Head.

Dear All,

Will TDS be applicable on printing & stationery.

Please advise.

Regards,

Ashwin

hello sir one of my question is, one propraiter firm are merger in pvt ltd company so whice rate sale by propraiter persion his stock sales to pvt ltd to market value or aquesition value or stock value which rate sales

I Have Online Paid Tds Of Rs 863.00 In 94J Section. But It Comes In The 94C Section.
I Have Selected Wrong Section While Online Tds Payment, So What Should I Do Now ?
I Should Pay Interest + Tds Amount B'caz Of Late Payment & Can I Get Previous Payment Of Wrong Section As Refundable Amount ?

A pvt company was incorporated in dec 2011. There was no business during year 2011-12.
total exp incurred upto 31.03.2012 Rs. 28500/- includes:
Audit fees (provision) Rs. 2000
AOA, MOA, ROC filing fee Rs. 25500
Telephone bill Rs. 1000

how to deal with exp.

(1) whether to show Rs. 3000 as loss or as pre operative exp.if i show it prelimiary when to write off it at time of profit or i should write off 1/5 portion upto 31.03.2012.
(2) How to treat payment for AOA, MOA, Rs. 25500. if i treat it as pre operative exp.
whether it would be capitalised or write off in near future.