One of my client is having unrealised debtors for past 5 / 6 years. He wants to write off the same as bad debt in the current year resulting in adjusting of profits. Pl advice in accordance with the provisions of IT Act whether the same will be allowed as deduction and expense or not.

after amendment can sec 44 AD cover all tpye of Business/sagment or cover only some specified business.

Dear sir,

Can you please tell me what is excise duty on Ayurvedic medicine(triphla churna & saff saff tab. & products (as almond shampoo). Is dvd taxable or exempted ( cds is Dr. lacture about health & beuty etc.)if taxable than what % will be apply.what is the excise limit in a year sale is it 150caror or excess.
Thanks & regards
Deepak jha

Dear all,

I am working in Manufacturing industry in Costing Dept. Now, my working scope is expanding to accounts also. But, I am not very comfortable with Debit / Credit concepts. Can you suggest any good book to easily understand the accounting concepts right from posting Debit/Credit entries to finalisation of accounts ..?

waiting for your reply.

We have applied for change of Name of Pvt Ltd Co. to ROC and the name was available. We have even filed form 23 with EGM and other requirements?

Now we get to know that instead of 'Clothing' we have applied for 'Clothings'. We want to rectify our fault what can we do now or what are the procedure now to rectify our fault?

dear expert
whether education cess wiped out as per 2009 finance bill, what is new rates for Contractor and professional & from which date it will be applicable?

Dear Expert,

Company : Developer & Construction

Nature of Transaction : Rent for DG Sets

Party bill provided for Rs. 300,000/- &
architect has certified the same bill
as under

Please note that amount needs to be debited from the final bill of following Contractors in the proposed manner

Vendor Percentage

A-20%, B-30%, C-15% & D-35%

I debited above vendor's account as per architect & TDS deducted & remitted to Govt as per Contract Rate 2.266%(u/s194C)
in June-09

My question is the aforesaid trasaction will attract u/s 194I (TDS-Rent of P&M)

Whether it will attract u/s 194I,What can I do. Because I have already deducted & remitted to Govt as per Cont Rate (u/s 194C)

Pleasedo the needful, it is very urgent

Thanks,

If it is Final Bill, Total Contract Value is Rs. 300,000/- & E-TDS return also done in 15.06.09 as per Section 194C,What can I do

Can u tell me what were the rates of gold on 31-03-09

can i return the stock material retun which recived our H.O. Through form F with in six month, acording to Uttaranchal Vat rules.

The one of our client in India executed agreement with Hongkong based entity and purchases goods & done some processing work at Hongkong. Now clients want to payment to both the party in Hongkong(i.e one for purchases of goods and other which has processed).My question is , if our client want to pay for entity which has done processing work in Hongkong, whether any other deduction required. As per my opinion there is no any dedcution required becuase service has been done outside India. am I correct or not.Please Indicate the clause of Article of DTAA