In a trust,advance is being paid to employees for their expenses like bus pass,fuel etc say Rs.2000..they are being accounted under the head STAFF ADVANCES..but the employee incurred an expense of Rs.3000..now can he be accounted under the head CREDITORS as he has incurred expenses more than the advance given which are to be reimbursed..????
or is there any other treatment..please help..

how accounting would be done for duplicate notes found in cash box......

Sir,
In form 3CB-3CD,in depreciation section, instead of "Furniture @10%", have selected "Building Construction @7.84%" and uploaded it too. Though the amounts are entered correctly, description of the asset is wrong. Will that be a problem? If yes, how can I rectify it?

sir
I(trust) making a provision for expenses like audit fee and professional expenses. while making expense entry TDS to be deducted or not?

if a trust is registered undet 12A audit report has to be furnished in form 10B. but if it runs a college whose gross receipts exceeds 1 cr. shall tax audit report under 44AB in form 3CB 3 CD should also b furnished?

The existing Proprietor concern(More Than 10 Years)now converted to firm,how to calculate the goodwill.

A partnership business having turn over 10 lakh. The firm has "No profit no loss". Should this firm go for tax audit as it has below 8% profit? But as per act, tax audit is not applicable where firm does not qualify exempted income. So, no profit no loss is a case where no profit is there. What to do?

POINT NO.-18 OF FORM 3CD-I WANT TO ASK WHAT WE NEED TO MENTION IN THIS POINT IF PAYMENT IS made TO SPECIFIED PERSON UNDER SEC-40a(2)(b)or excessively paid to person specified under same same section and secondly what abt specifically for interest and commission paid to partners of a a firm.

For Assessment year 13-14, an assessees whose total income exceeds Rs. 25.00 lakhs, will have to furnish details of any property held by him and corresponding liability (other than those not disclosed in balance sheet filled in Part A of the return. assessee having total income less than 25 lakhs but profit share from firm is above 25 lakhs, in this case assessees produce schedule Assets and Liabilities or not....?

I want to know that I hv not attached annexures of bs at the time of uploading TAR.only I hv attached bs and pl. will any problem in future. can I revise it nd last date for revision. pls help nd tell me urgent...