i want to ask if one invoice cotains expenses of two companies, one concern has debited whole amount, if we have to account in other concern its related expenses containing in that invoice...how should the entry be done?

Sir,
i have doubt on entry booking on imports and exports,

So please clarify,

1)on which date import purchases are to be booked in our books,
and which rate of exchange we have to use

2)on which date export purchases are to be booked in our books,and which rate of exchange we have to use to book entry in our books,

Please support your answer by giving some accounting-standard reference,or some circular on accounting import and exports

i am giving my opinion based of as9 risk rewards of ownerhip,
but he is expecting a circular like that for his reference,
for what date have to use for entry booking
what exchage rate have to take for that entry

Thanks for your time,,
awaiting for your reply

Normally while calculating salary income, if employee gives interest certificate, we can take a deduction of Rs. 1.5 lacs and then deduct his tax. My question is if employee is letting his house and is ready to show his rent income, then can an employer give interest deduction more than Rs. 1.5 lacs (bcoz if house is rented then there is no limit of Rs. 1.5 lacs).
please reply

Dear sir,

I am in receipt of a rawmaterial from outside goa. whihc is being sent by 4 different bills along with the bills i have recieved the bilties of the one single trasnporter. Now his total freight comes up to 130000/- is he eligible for TDS deduction? he has mentioned his pan no on the Bilties.

Kindly guide.

Thanking in advance

Tds on rent is deducted inclusive of service tax or exclusive?

How to determine whether e-TDS return in case of Salary has to be filed monthly, quarterly or annually? Is there any specific criteria for determining the same?

My IPCC grp 1 was cleard in nov 10...so my final ca attempt falls in nov 13...but my IPCC grp 2 is not yet cleard..i hav exemption in advance accounts..so i knw dis may 13 m clearing d grp 2..so registering for final ca in july (after results) wont matter to appear in nov 13 final exam right?

Hi

The new home purchased in Delhi ( Rohini ) is on rent and earning 5500 pm . However I am living with my family on rent in the same city ( Vikas Puri ) which is nearer to my office. Please note as per the salary slip I am receiving HRA.

Am I eligible to claim both Housing Loan benefit as well as HRA ? My taxation deptt says that if both properties are in the same city , then both benefit i snot applicable . Kindly clarify citing CBDT circular references .

Thanks

Rahul Yadav
9868240662

I HAVE PAN CARD, I DO DIFFERENT SIGN,WHAT I HAVE DONE ON PAN,
WILL IT CREATE A PROBLEM OR CAN I TAKE NEW PAN?

i cleared first groupof ipcc .under thenew rules of gmcs i required to go for gmcs part 1 ? please suggest me ?