Respected seniors,
Plz help me regarding these questions,

My company (ABC ltd)purchase some gift items from XYZ Ltd and
1.Paid excess amount against the bill
2.The XYZ Ltd return the excess amount after some days and one more thing I don't want to maintain the the XYZ's ledger

So, what will be the accounting entry for these tranjections.

Needs only experts opinion
Thanks in advance.

Kindly mention the new amendments of service tax which is benifitting the paper indutry as a whole.

Can I the details of Section 194I .

I want to know the rates and the period within which the same has to be paid.

Sir,
is it necessary to categories services recieved by a service reciepient under different heads , if not then how can cenvat credit be taken, as the services includes both for capital goods as well as for other works. please help

i want to knw the difference bw current a/c, savings a/c,fixed deposit a/c and recurring deposit a/c and time deposit a/c

in a central university covered under provisions of PF Act 1925 in general & section 8(2) of it in particular, can the PF Committee of the institution declare an interest above the govt. rate for the investments made in the PF? If it is so, should tax be levied on the excess interest?
(the specifics of the matter is as follows. actual returns for the financial year 06-07 work out to 12% while the govt declared return is 8% or 8.5%. )

Dear Sir/Ma'am,

If the current price of a share is Rs. 100/- (Beta 1.1 with Sensex) and a person has purchased 1000 shares. How can he perfectly hedge the situation by selling index futures. Index futures is avialble at 4500 index points and one contract of futures comprises at 50 units.

My major concern in this question is how to compute the value of one unit of index.

Pls. do reply and advise me on calculation of value of one unit of index.

Regards

Pankaj Gupta

Pls suggest whether a private company which is subsidiary of public company should be considered for calculation of ceiling limit under section 224(1B).

If no why ?

and if yes why ?

sir
at present i am pcc student of icai and i have successfully completed my graduation last year further i am a articled assistant in a ca firm

sir
at present i am pcc student of icai and i have successfully completed my graduation last year further i am a articled assistant in a ca firm