We are a manufacturer and sometimes the rejected material is destroyed at our customers place or they give us a debit note for any quality issue. What entry should be passed for this and what account shall be debited like sales difference or rejection or any other.

A Private Limited Company wants to Increase it's paid up share capital( Equity) from Rs.28,00,000/- to Rs. 50,00,000/- by issuing it's share to the relative of both the Directors of the company. The company has Authorised Share Capital of Rs. 50,00,000/-. Please suggest the details procedure to be followed as per Company Act,2013 and ROC compliance.

Dear Experts,

I would like to ask a simple question,


if net profit is less then 8% of gross receipts then it is compulsory audit u/s 44ab requires ?

or if yes then what is the due date 31st July or 30 Sept ?


if my t.o is less than 1 crore than also require to file audit report with digital signature ??

hi....in final registration demand draft,its compulsory payble at mumbai???plz tell me...if draft is made payble at new delhi then draft is rejected by icai?????

dear sir,
i am asking question is transport charges collect from customer 2000 so we r paid transport charges 1500 remaining balance shows to income. It is correct sir pl reply me.

Hi Exports,

I need information about the Expencess payable

i have books Expenses Payable A/c Credited Rs.4200 at the Mar-2014 after Apr-2014 i have recd bill of amount Rs.2350 Apr -2014 month i have booked Expenses payable Debited Rs.2350 balance it show Rs.1850 where can i transfer this amount

thanks

Whether exempted share of profit of firm in the hands of partner is business income for the purpose of section 207 ( 2 ) of the income tax act-1961 for advance tax payment purpose.

Regards,
Deepak Gautam

Kindly let us know whether exempted share of profit from firm in the hands of partner is business income for the purpose of section 207(2) of the income tax act or not ? However, Assessee has considered such share of profit is not a business income and claimed benefit of 207(2).

Regards,
Deepak

can u plz tell what are the good short term courses aftr CA.. that can help in our career growth.

thnku

Dear Friends
Please tell me if a trust incurred advertisment Exp. without any contract agreement between both parties in such situation trust is liable to deduct TDS.