dear sir pls.help for
income tax paid entry samz main aagya.
lekin Provision for income tax A/c,Advance tax Or TDS Receivable tally me kon se a/c ke under aayegi.

My company is into construction business..... During the year they have purchased sheets which are used as barricades which will be sold as scrap after completion of construction. Should I capitalise this item? If yes under which category does it fall under companies Act and Income Tax Act.

We have given provisions for Audit fee payable for Rs.20,000-00; TDS payable Rs. 22000-00; Income Tax payable Rs.90000-00 and Rent payable Rs.75000-00 in the financial year 2010-11 in balance sheet. The above amounts are paid in 2011-12 financial year by way of cash. Whether we will take those amounts in debit side of Profit and Loss account in the financial year 2011-12. Can you give reply.

Dear Members,

I have just join a manufacturing company in Ethiopia. Here I looked last year's balance sheet which ended on 31-12-11.

I the Annexures of Calculation of Fixed Assets after deducting Depreciation, the Auditor's mentioned as following:

"FA are stated at cost less accumulated depreciation> Except for the Depreciation of building which is calculated on straight line method; Depreciation of all other assets is charged as per a % of net book value at the following rates per annum:

Buildings - 5%
Plant & Machine - 20%
Motor Vehicles - 20%
Furniture & Fixture - 20%
Office Equipments - 20%
Computes & Printers - 25%

The table of depreciation they provided is as follows:

Fixed Asset - Balance as on 01-01-11 - Addition - Balance as on 31-12-11

Building - 2747815 - 0 - 2747815
Plant & Machine - 9089227 - 1144233 - 10233460
Motor Vehicle - 2413230 - 0 - 2413230
Furniture - 148080 - 19067 - 167147
Office Equipment - 139640 - 236671 - 376310
Computers & Printers - 124272 - 159402 - 283674
-------------------------------------
TOTAL - 14677854 - 2652968 - 17330821
=====================================

The Depreciation provided as under:

Building - 227509 - 137391 - 364900
Plant & Machine - 2368767 - 1572939 - 3941706
Motor Vehicle - 675659 - 347514 - 1023173
Furniture - 37566 - 25916 - 63482
Office Equipment - 39940 - 67274 - 107214
Computers & Printers - 37897 - 61444 - 99341


-------------------------------------
TOTAL - 3387337 - 2212478 - 5599815
=====================================

NET BOOK VALUE - 11290516 - 0 - 11731006

Can you please suggest how this depreciation was calculated.

Thank you

Ajay Singh

RESPECTED ALL,

I HAVE TO DO FINAL ACCOUNTS OF A SOCEITY REGISTERED UNDER RAJASTHAN SOCIETY ACT. A SCHOOL IS MANAGED BY THIS SOCIETY.

MY QUERY IS ACCOUNTS OF SOCIETY AND SCHOOL ARE CONSOLIDATED OR SEPARTELY. PLZ GUIDE ME .

TDS entry ka exmp.


pls step by step


entry kis kis me hogi


pls infomation

Reliance is providing telephone service to our company & leving service tax @ 12.36%.Should we deduct tds on it if yes in which section & how much? Pls clearify.
Category of Service is Telecommunication Service.

What is the nature of folowing expenses:
Keyboard
mouse.
Cctv camera
Tft
plz reply...

I have dr balance in P& L A/c and new shares are to be alloted at premium then is there any way that the premium recd will effect my P&L a/c?

Kindly provide me the MIS report format in excel format.

thanx in advance

Regards
Ravi