Hi

Pls resolve my query.

suppose a person provide production services to media company(Chargeable to S. TAx).

From the said company, the amount regarding expenses & Salary is received.

Now., Salary is ok

But how we pass entry in the books of the amount that not belong to him.

He incurs expenses on bribe & Others.

He then Gives the bills to said Co. who afterwards reimburse him the expenses incurred by him.

My company pays me salary-basic, & differenet allowance including the conveyance allowance of rs 800 pm. However, from my salary, it deducts Rs 2000 as the transport expenses which it provides us to travel to and back from office.

Can I reduce this 2000 from my taxable salary and under what clause.

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Hi,

The provision for expenses (on which TDS is applicable) as on March 31st, 2009 amounting to Rs. 1000/ - and the entry passed as :-

Expenses A/c 1000/-
To Outstanding Expenses 1000/-

No TDS was deducted at the time of making provision nor TDS was deposited before May 31st, 2009.

The Actual invoice amounting to Rs. 800/ - was received in July 2009 and tds on the same was deducted and deposited on or before August 7th, 2009 after reversing the provision amounting to Rs. 800/ -.

Secondly, amount of Rs. 200/- was excess provision which is written back.

Following questions have come up: -

1. The TDS amount deducted and deposited on or before August 07th, 2009 and considering tds amount in AY 2010 -11, would it be right approach !

2. The amount written back amounting to Rs. 200/ - provided in FY 0809, is TDS to be deducted on the same.

3. Is the above mentioned approach be the right apporach with respect to tds provison and 40(a)(ia) ?

If a assesse filed on line e retrun without digital signature on 30-03-2009. What would be the last date for filling of ITR V with income tax department.

Dear Expert

Please help regarding my queary about Debtors W/Off

last year(2007-08) my client tax liabilities as per audited balance sheet Rs. 3.00 Crore

but this year(2008-09)we observe in last year one of Debtors which amount approx 1.00 Crore which are likely Bed debts and not taken Bed & Doubtful debts provision and we want to take provision in this year

so please advise regarding how affect tax liabilities last year 3.00 crore and what entryies pass in account

Thanks

Dear Experts

Is it required for bed debts w/off more then 3 year old

Dear Experts

Is it required for bed debts w/off more then 3 year old

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Can CA make advertisement through Handbill, if not then what we take action against CA who make advertisement through this way.Please

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