NARESH V
19 July 2014 at 22:06

Work in progress treatment of tally

Sir,

some contracts are doing our company and raise the invoices after completion of works. but 31st march some works are in progress. those value against not raised in invoices.how to entry of work in progress closing balance in balance sheet.
plz suggest


Vishwajeet Mathur

Is Credit of SED is available to the buyer. (The
remittance is credited to the Central Govt. in a special account.)It is excise duty paid to CG?


nisha
19 July 2014 at 21:51

Query

will any inform me about insustrial trainig? I m ca final student...nd I have given both group of final in may14...nd my result is pending.


Saurabh Gupta
19 July 2014 at 21:50

Form 16 not issued

Hi, I am Saurabh Gupta, working in a bank as contractual employee , joined in the m/o July,2013. I want to file ITR for FY 2013-14 but i m confused regarding some things. I have some queries:
1) Since i am contractual, my banks says no form 16 is issued to such employees, so can i file ITR return without Form16 ?
2) I usually get my salary 10th of every month, so march,2014 salary i got on 10th april,2014 in my salary account. Should i add this in my yearly income for FY 2013-14 or should i take it as salary for next year
3) For FY2012-13, i got refund in FY 2013-14 as shown in my Form 26AS?
The entry shows refund amount and interest. Do i need to add that amount in my income for FY 2013-14


CHANDRESH JAIN
19 July 2014 at 21:29

Presentation

Sir, how to present my answer in ca final theory paper.... agar qstn. like 4 marks, 8 marks ka ho.... plz tell


CA Abhishek Singh

Hello everyone,

one of my client has following income
salary in india-500000 (Apr to dec 13)
salary in UK-400000 (jan 14 to march 14)tax deducted in UK-25000

How to compute tax liability for filing income tax return in india ?


Abhishek
19 July 2014 at 20:53

Ipcc

I have just passed cpt with 175 marks.....plzz suggest me whether i should go for ipcc both groups or one by one????


Abhishek Kumar
19 July 2014 at 20:45

Query..?

Dear Expert,
An individual carries on two type of business :-
1. House Keeping Services
2. General Stores (Stationaries)

I have the queries :-
1. Do i have to treat it as Business & Profession separately ?
2. For calculating Turnover for Tax Audit purpose..do i have to club both the businesses turnover ?
3. What type of Service is House-Keeping Services ?

Pls Reply !!!


deepak khandelwal

I HAVE RECEIVED AN QUERY FROM ROC AFTER SUBMITTING FORM INC 7.

1. AFFIDEVIT FOR ACCEPTANCE OF DEPOSITS FROM ALL THE PROMOTERS NOTRISED ?? WHAT DOES IT MEAN ?? THERE IS NO OPTION TO ATTACH THE AFFIDEVIT. IS TEHRE ANY FORMAT ?? PLSS SEND ME....


THANKS


Student
19 July 2014 at 19:48

Itr

sir I m confused which return I should file ITR 1 or 2 since I m a salaried person income from employer, FD int, House loan etc. Further what is exempted income ? Int income credited in ppf ACC. is mean as exempted income?





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