Gratuity entry( in company records))in sequence of occurence:-
1. Gratuity deducted from employee salary
2. Gratuity provision made in books based on actuary report.
3. Payment made to LIC fund (also, when no LIC fund exists)
4. Money received from LIC
5. Paid to emplpoyees

Hi Friends,

There is a post qualification certification course offered by ICAI on "Forensic Accounting and Fraud Prevention".

Can anyone please guide me that what will be the scope after completing this course.

Suggestions and opinions are invited...

Thank you

A training centre is establishment for 2 months. Whether the same should be capitalized or not?

The Company provides training and its revenue is out of it. The training centre is not fixed. It is established for short period...like 2 to 3 months.

Also, whether consumables for establishing the same centre will be capitalised or not?

When assessee is dealing in goods and also has commission based business of the same goods whether audit under sec 44AB will apply to it if its turnover is below 1cr and profit declared is less than 8% ?

Sir, can we submit audited balance sheet of a pvt ltd co. to bank for credit facility before it is approved in AGM. whether we can conduct agm in Sept or Oct even though audit is completed now

dear sir/mam

for calculate dep as per schedule II required date of purchase but we have not know the actual date of purchase because assets purchase in the year 2000-01 and recored maintain from 2008-09 please given a solution to overcome from such situation

help me out....Me wanna do industrial training in manufacturing or banking unit.Plz suggest me for that. I had cleared IPCC First Group in Nov. 2012

Dear all,

i am working in a contracting company. we give contract to our sub contractors. we will give the payment in sub contractor company name but they don't have company pan card. but they have proprietors pan card. my question is what is the TDS % for person 1% but the payment made on Company name so now how much % will be deductable 1% or 2%?

thanks in advance

Dear Experts

Our company has engaged a ABC company to keep the boiler(product) in working condition. for this purpose, ABC company has sent engineers to the site done some repair and maintance and raised a bill for the visit of Engg @ Rs. 12,800 per day and also charged service tax on it. our Company is deducting TDS @ 2% on the gross amount.

My question is whether TDS deducted by our Company is as per provivion or Should TDS be deducted @ 10% as technical fees

Hello Experts,
Can anyone send me rate under schedule II of co. act and also help me we are following SLM method then how to give effect of excess or shortfall in Accumulated depn..