hello everybody
i am new to this club..existing cafinal student
i am bit confused as I have heard a lot of conflicting opinions...
should i go for classes or get some notes
or which books to be referred to

i m going for may 09 final
thanx

Dear All Respected Members,

When the Accounting Technician Course will be started ?

what is the procedure of tds

I am working in a construction company. we took the vehicles on hire and we are paying the rent on per month (say Rs.15000/-per month). As per the agreement between the vehicle owner and my company, if the vehicle consumes the diesel morethan the specified average, we are deducting the amount for highir diesel consumption (Say Rs.1000/-). Now the company is paying to vehicle owner Rs.14000/-(i.e.15000-1000). Now on which amount TDS is to be deducted? i.e on Rs.15000/- or Rs.14000/-. Please resolve my query.


Thanks & regards

Sai krishna,CA

One of my client is an 100% EOU and hence his income from export turnover is totally exempt. However, he has not deducted TDS on Freight charges paid.

Is the expenditure is subject to tax if disallowed. In such a case is he liable to tax/interest/penalty.

Kindly clarify

P. srinivasa

Hi,

As per AS-19, in case of Finance Lease lease initially it has to be recorded in Assets side as well as Liability Side.

Can any one suggest me the actual entry??

Regards
Rupesh Nigam

At what rate can we give depreciation for name board of a company? I understood that it should be shown under the furniture and fittings head (from bare act). The company purchased a car, for which depreciation is to be calculated according to days of use, so how much depreciation to be provided for the same if purchased on 1/7/08 in the internal audit statement ending 30.09.2008

We have our Assessment going on. On following Two subject I need Best Judgement from High Court , Supreme Court or Tribunal.

1. Some of The Loan Creditors, who are relatives to us, does not have PAN No. We have received all loans through A/c payee Cheque. Asseing office wants to Add all the Loan amount to our Income.

2. Wastage During The Manufacturing process is higher due to implementation of New Machinery and process, A.O. wants to take Wastage as per Previous Year and Add the Amount.

We have our Assessment going on. On following Two subject I need Best Judgement from High Court , Supreme Court or Tribunal.

1. Some of The Loan Creditors, who are relatives to us, does not have PAN No. We have received all loans through A/c payee Cheque. Asseing office wants to Add all the Loan amount to our Income.

2. Wastage During The Manufacturing process is higher due to implementation of New Machinery and process, A.O. wants to take Wastage as per Previous Year and Add the Amount.

Tax should be deducted under which section in case an Retired employee receives annual awards subsequent to his retirement, which may be received in the next financial year after his final settlement has been done.


Should it be deducted u/s 192 if this amount exceeds minimum exemption limit or should be deducted under different section, since the employer and employee relationship ceases to exist.