Dear Experts,

My client is Managing Director in Listed company and drawing salary. now he is having interest income on loan given to same company and he is also paying Interest on loan taken by him.

Client getting Interest income with net of TDS and he is not deducting TDS on Interest paid by him.

Please suggest that in which head we have to show Interest Income and can client claim interest expenses ?

Please advise.
Regards
Vijay Jain

Dear sir,
Would fan be considered a part of plant and machinery or furniture and fixtures for providing dep both as per companies act and incone tax act and what would be the rate of dep.

Thank you

Dear All,

One of My Supplier Issued bill with rate difference. So he Issued another Supplementary invoice for difference value. Excise duties also shown in Supplementary invoice.The First bill duties we already taken as input.

For that supplementary invoice, The duty of Cenvat Can be take or not. Pls give the suggestion reg this.

i have joined cafm coaching frm r.k mehta sir.. n studying from d book dat sir provides.. is it enough to score gud marks .. ie near to 90..?? n same is d case of accounts .. d book provided by parveen sharma sir is enough to secure 90+ marks .. ?
plz help
thanks

if I had sold and industrial land and again purchase another industrial land with it , and there is no compulsory acquisition so can I get exemption in any way

dear friend can you please ask me the meaning of mobilization advance.



thanks

In one of client, expenses on foreign travel are incurred, of which individual bills are exceeding INR 20000/-.

The client has debited the forex received from dealer to cash A/c and then credited the same to Cash A/c as Employee Advance to Cash A/c.

The payment for purchase of FC is made by cheque.
Query is wether, since I have shown advance in credit of Cash A/c, wether subsequent expenses against such advance be disalowed on the ground that they are paid in cash

hi sir,

If company hiring director (employees) spend his personnel money to company i.e. expenses of the company paid by working director hi is not a owner of the company but relation have with partner of the company (under LLP act).

how can accounted these issue

Partner having personal car used for business, wheter Interest on Car Loan and Depreciation on Car and car insurance is deductable from the income of partner, such as salary and interest

if suppose a company issues a Excise Invoice on removal of Invoice. and on next day he realised that he has raised invoice wrongly, and they make new fresh invoice with same sr no. and replace the wrong one,can there be any issue or litigation, if yes please advise