GUIDANCE/ WRITE UP (WITH REFERENCE TO AS11 WITH MTM) REQUESTED :
FOR JOURNAL ENTRIES IN THE
BOOKS OF BUYER FOR A FORWARD EXCHANGE CONTRACT UNDERTAKEN FOR PURCHASE
OF ITEMS. KINDLY ARRANGE TO EXPLAIN MTM THEREIN.

REGARDS

Hi

Can a company endorse its loans (asset) to loans (liability)? please let me knw its implications...

Our company is a newly established company. We have hired some people as investment advisor who were working previously in the other organizations now when we pay the salary to them how should we deduct the tds on salary their packages are Rs. 10 lakhs pa and for the FY 2012-13 they will be working for 3 months (Jan. to march 2013).

Please help
Advance thanks

Sir,
If a brokerage Of Rs80000 is paid to an indivisual who have no other source of income. Is it necessary to deduct TDS as the amount is more than the examption limit of Rs 5000.
This broker is asking us not to deduct TDS as he not an assessee,having PAN,under IT Act,as he is not filling IT return for not having income of More than Rs2 lacs .

I have a query in respect to accounting entries in Tally .

1)Is there a compulsion for a company to start its voucher number from 1 from the beginning of the accounting year ?

2)Should the raising of invoice bill number also start from 1 from the beginning of the year ?

3)I need some guidance in respect to this . Thanks in advance

I heard some amendment is given by exempting
articled training for direct entry scheme students. Is it true ?? If so, would anybody pls provide me that amendment copy link .

I have a query in respect to accounting entries in Tally .
1)Is there a compulsion for a company to start its voucher number from 1 from the beginning of the accounting year ?
2)Should the raising of invoice bill number also start from 1 from the beginning of the year ?
3)I need some guidance in respect to this .
Thanks in advance .

Dear All
I Was a student of PE2 and could't complete my CA due to some family reason. now i want to complete CA course. plz guide me for the following:
1- Procedure for conversion
2- Can i attempt May -2013 examination.

Plz help me regarding that.

Thanks to all the expert in Advance

1. Whether purchase & sale transaction is covered in ambit of section 40a(3)?
2. Whether purchase & sale of fixed assets is also covered in 40a(3) & if covered, then, how we treat it when payment is made more than 20000 in cash for the purchase of fixed assets?