Hi,

Kindly suggest me can an assessee avail the tax waiver in tds on rents.if yes
which form to fill for TDS waiver in case of rent?
Plzzzzzzzzzzz anyone help me on this issue.

Thanks in advance.

regards
deepika

I had asked a query here couple of days back - which AS or guidance note deals with the accounting treatment of pre-operative expenses?


I got the reply - AS9


I went through AS 9 which deals with Revenue recognition BUT could not find anything related to pre-operative expenses.



I request someone to please let me know the para number in the said AS which deals with Pre-operative expenses.


Thanks

We deduct TDS on freight against Transporter at reduced rate as per TDS certificate issued by income tax department With the certificate a schedule is enclosed stating expected sum to be paid/credited by the parties to the transporter during the current previous year and each of three immediately succeeding year on the basis of which transporter has been given reduced rate benifit by income tax department.

My query:

Amount disclosed in the certificate for each party by the transporter to income tax department is the limit of freight upto which TDS to be deducted at lower rate? & after that limit TDS to be deducted at normal rate?


Pl. give your opinion ASAP with any reference if any.

purchased a Fixed Asset on 01/08/2008 for Rs. 50000 and entry passed in books.Later got an advise for discount for Rs. 5000 on 31/08/2008.

Pls reply that for the period 01/08/2008 to 31/08/2008 on what value the depreciation will be chrged as per companies act i.e. on Rs. 50000 or Rs. 45000?

Dear Sir

How to obtain examination Roll No. of previous examinations?

In current case, last CA- Final exam was appeared in May 2007 and to desired for now November 2008. As because of gap, unable to trace out the previous examination nos.


Please help

It's urgent

what is the trestment of lease rent paid to employees for the property of the employee taken on lease by the employer and given on lease to the same employee. whether lease rent is chargeable under income from house property or under salary. whether valuation of perquisite is required for the same. what is the treatment of lease rent if property is jointy owned by employee and his/her spouse and what is the treatment if property is owned by independently by spouse or parents.

I WANT TO ASK THAT IN WHICH COUNTRIES INDIAN CHARTERED ACCOUTNANTS ARE RECOGNISED TO PRACTICE BESIDES INDIA AND IN WHICH COUNTRIES INDIAN CA GET GOOD AND HANDSOME SERVICE ?

Interior work has been done in our new office. so Interior company raised bills us for rs. 15,00,000/- + 4% service tax 60,000/-= Rs. 15,60,000. Can we take benefit/set off service tax, which ST we have received our client against consultancy services.

Regards,

Lalit Kr Sharma
Applect Learning Systems Pvt. Ltd.
9350569134

Hello

I have query in respect of consignment accounting for one of my client.

Client (K Ltd.) manufactures material. Sales is effected through consignments.

When material is sent to consignment agent, company prepares excise invoice to record transfer. Property of material is still with K Ltd. as sale is on consignment basis.

Consignment agent while selling the material generates excise invoice on customer (T Ltd.) and one copy of it is forwarded to K Ltd.

Based on consignment agent invoice, K Ltd. prepares dummy invoice in accounting system and books it against T Ltd.

Payment for material is directly received by K Ltd. from T. Ltd.


Is this correct practice?
1. Can company raise dummy invoice on actual customer?
2. How the payment from actual customer need to be accounted?

Please narrate stadard industry practice followed for consignment accounting.

Purchase a computer on credit for rs. 1 lac on 1/4/2006 and charge full depreciation @ 40% in 2006-07. In April 2007 we got a Rs. 20000 discount. Now should we written back the depreciation in current year on Rs. 20000 which hadbeen charged in last year?

pls explain