Suppose you are an accountant of a company and your colleague Ram is assigned to a task of purchasing cars for the use of company. While purchasing cars Ram has participated in a lucky drow organised by the supplyer and by chance(lucky enough!) end up with winning a gold coin. Now, as an accountant, how will you record( or not record, if so why?) this gold coin in the books of accounts of the company. Show journal entries. Thanks

Now we are in edge of the financial year 2012-13. We reeived the TDS Certificate of Rs. 59800/- for the A.Y. 2010-11, Can we file the Income tax return for the A.Y. 2010-11. For claiming a refund

Dear Experts

Please tell me what is the require documents & procedure for file in custom regarding duty drawback after issuance of Brand Rate Letter from Excise Department.

so please tell me what is require documents as i got Brand rate letter.

Thanks

A co. paid service tax in reverse charge to an advocate. can he claim the service tax paid by him. is the service tax paid by him become the input service or there is no claim.

Kindly guide me regarding the applicability of TDS on the PRI Lines connected for the communication services.

Can you let me know if I make an official inquiry to the Government or through a CA – or go there personally…however – what information can I get along the lines of what I've asked below... I need a conclusive answer please….

1. Can I find out about what date the company was formed?
2. Can I find out about the shareholders and company directors?
3. Can I find out about the share of each shareholder?
4. Can I find out about previous shareholders and directors?

How would I find out this information and who would I have to apply to?

I've been on the MCA website but failed to get any information till now.

Dear CCI members
while closing the monthly accounts .i am following the below mention procedure.
For Eg. salary

1.31st march(provision made)
salry a/c dr
to outstanding salary account
2.1st april(provision reverse)
outstanding salary a/c dr
to salary a/c
3.5th april(At the time of payment)
salary
to cash

whether i am following right procedure or
not.Is there any other method of doing that.

tds on payment to event management co. under which head?

in ITR V gross total income is equal to taxable income only or Gross Income including agricultural income. Because SAG IT software showing taxable income in gross total income. Means if having agricultural income then this figure not added in Gross total income in ITR V.

Dear Sir,
My income for the assessment year 2011 - 2012 is 105000 and i have not filed returned for same yet. i would like to know that since the tax liability for the same is nil, can i file the return for the same before 31st march 2013. would any penalty be levied for the same.