In my payroll some employees have negative salary payable(net pay) because of notice pay and some other recoveries. How can i record journals in books.

Can i debit receivables from employee a/c (under current asset) and credit notice pay recovery?

I am karta of my HUF. Another members of my HUF are my wife and 1 year old daughter. I have bank Fixed deposit of rs. 4 lac in HUF name. Can I withdraw Fixed deposit money of HUF and repay my personal home loan? Please guide.

What do you mean by Single Shift depriciation, double shift depriciation, triple shift depriciation ? Also let me know while maintaining Fixed Assets Register of the company which method is used SLM or WDV....?

My client is individual having business income. He had one car of rs. 2,66,000/-, in fixed assets. during this year he sold that car for Rs.2,00,000/- and purchased a new car for Rs. 12,00,000/-. Remaining balance of old Car Rs.66,000/- can be treat as loss on sale of old car or can be treat the balance of block Rs.12,66,000/-. If we recognize loss on sale of old car under which section it shows?

Please reply as early as possible

Can anybody tell me ,why debentures are not indexed in capital gain.

Hello,

i cleared by Final grp1 in 2003 and later on attempted for final grp 2 along with working life .My work took me abroad and at present working abroad for past 7years.I take the effort to appear for exams by flying down to india.This has been tough for me one i am not updated with recent changes in laws/tax and even change in format of paper.

Does anyone know if the institute has abroad centres werein exams can be given or were having a tie up with institutes abroad one can appear for accounting qualification abroad and werein exemptions are provided on papers.


Kindly guide.

Regards,
Faraway friend.

Hi Sir,

My client provides ambulance service to various hospitals on rent, is he liable to collect service tax ?, let me know sir.

Thanks in advance.

wat would be d accounting entry for write back of unwanted provision?

Hi,

My query is can we change Challan Serial number in a filed ETDS return with revised return.Please give me the process to change.

Thanks in advance
Ashok Dasari

Dear Sir,

Please advice how to calculate Late Payment Interest from Date of Deposit of Tax till Date of Processing(C) as per defaults received from tdscpc