IF any expenses is booked in the month of may on which TDS is deducted and required to be deposited by 7th June ,which i forgot to deposit and now i would like to depoist by today i.e. 7th july . so should I pay 1.5% interest or 3% interest on Such TDS

In last year there is preliminary exp. and preoperative exp. in balance sheet.

In current year, we fully w/f it in P&L as per AS 26.

Where we will show it in Rev. Sch. VI in P/Y Column.

Is it is prior period item?

Full form of BSFI

i have paid tds + interest.Actual interest was 3 % for two month,but i have paid only 1.5 % of interest on tds.can i pay remaining 1.5 % of interest ?

I Have Bill Which Are Inculed Material And Wages So That I Want To Know That I Am Doing Accounts At A Contractor. So That I Am Dedcut Tds On Its Bill or Not.

Dear Experts Please Tell Me That What % Of Expenses are allowable under I.Tax Act 1961

If We Have a manufacturing Unit and Sale Amount Rs 35,00,000 & Purchase Amt Rs.32,00,000/ Then What amount of expenses are allowable under I Tax Act.1961
For Example
If We have sale of Rs 1,00,000 Then Freight Charges Up to Rs8500/-(8% of Sale Amount Are allowable)


1 Freight
2 Labour Charges
3 Business Promotion
4 Vehicle Running Expenses
5 Staff & Labour welfare
6 Travelling Expensess
7 Postage & telegrams

Pls Reply Me
Emal ID -nk96093@gmail.com

Hi
I have a query relating to the following topic
Whether purchase of calculators can be treated as a fixed asset or an expense if they are purchased with an intention to use them for more than one accounting year?
Can in any case purchase of them be a fixed asset?
Kindly clarify the doubt
with regards,
Mounika.

hi good morning sir this is muna kar.

i would like to know how to make the cash flow statement with schedule details and example.

thank you,

MUNAKAR

how to show the Proposed Dividend in the Balance sheet As per Revised Schedule -VI.
Whereas it is not liability of the Company .


But in Reliance Indus. Limited `s Balance Sheet the Proposed Dividend has been shown under the head -Short term provision. is it correct or not ?


in my opinion . Proposed Dividend is part of profit untill it is declared by the Share holders of the company please give right way.... prashanr kumat som

Our auditee has taken a land on a 200years lease at a cost of 1 crore. It wants to depriciate the cost at 10% WDV.Is it justified ? Please suggest.