Dear all members

I want to ask that if a company gives advance of Rs. 100000/- to his employee through cheque & after 30 days his employee( from fund received) paid in cash of Rs. 65230 to a transporter, then whether it should be considered as allowed expenditure or not.

Dear Experts,

Is TDS applicable in the following situations if yes what is the rate...

1) Transporation charges paid to VRL logistic company amount 100000 for goods transport from MUMBAI to BANGALORE

2) Transporation charges paid to ROYAL TOURISTS against contract towards pick up & dropping of the school students on daily basic......

Best Regards
Aditya..

Sir, assessee is carrying on two different business.. turnover from one business is 50 lacs and from other business is 80 lacs..

Que. Whether assessee's both business is required to get audit? what if assessee want to show 8% incone u/s 44AD for second business(T/O 50 lacs)

SIR ,
MY QUERY IS THAT IN THE CASE OF CONTRACTORS OF ALCOHOL ARE THEY LIABLE TO AUDIT THEIR ACCOUNTS

Respected Experts,
Can anyone guide me on how to audit petty cash (and its expenses) from an cash embezzlement point of view.
2) Please tell me what are the documents i should view?
3) What are the supporting documents i should verify if an expenses is debited?
4) What are the ideal internal controls for that?
Its highly essential for me at this time. Please give me an elaborate explanation.
Thanks & Regards,
Rajesh.

Can a Co. stop charging depreciation if it had stopped manufacturing & is a loss earning co.?

Urgent !!!

My client has taken loan of 40 crores from Financial institution /NBFC on floating rate of interest. Therefore a minor increase in interest will cause major impact on the financials.

My question: i. Can the interest rate be hedged

ii. What are the ways of hedging it

Suppose i have set up a factory building for a new project on 1st Sept, 2010. The factory is totally ready. However the plant and machinery required for production is installed on 1st Dec, 2010. When should the factory building be capitalised. Once production starts, on installation of P&M or from the time Factory building was ready.. Plz advice

Please help me in passing the accounting entry for free samples distributed in case of manufacturing concern.

In a Aviation Company, Crockery used in the Flights were not being recognized in their balance sheet as any of their assets, even no valuation as on date for crockery was available.

It should be recognized or not?