Dear All,
Proprietor has spends expenses like restaurants, CCD etc(for self and some times for clients) from debit card and volume of transaction also is big approx 20-25 transaction per month. Can it be allowable expenses and can it be charge to profit and loss account and if yes then under which GL head it should be treat or it should charged to Capital Account.

I am applying for housing loan and all my required papers are ready to submit. but bank has asked me to get certified true copy from my consultant. bank disallowed the certification done by my tax consultant they said CA certification is valid.. I want to ask that why such difference is there? if tax consultant do practice like CA then why his certification is invalid??

Hi, Can anybody help me in understanding PT and its late payment penalty... with examples.. Thanks Devesh. D

we are manufacturing the dutiable goods and non dutiable goods (exempt) but we are not maintain separate books of accounts. we are not availing credit of exempted goods only avail dutiable goods credit but input credit of ISD and specific plant service tax is availed. how to reverse the availed Service tax credit and provide the procedure for such reversal.

I want to ask whether nihit jhaveri is good or Vinod Gupta is better for CA final direct tax.

There was a income of 1227022.67 wrongly credited in last year which was now debited to current year loss as prior period adjustment. How will this affect the cash flow..?

Sir, How to pass journal entry in the case of freight outward under reverse charge machanism of service tax.

i had given my exam of ipcc 1 grp in dis may .i am confident dat i will clear my exam..many of my friends saying that start the articleship before tge result .so i am in confusion that i will start articleship or start study for second grp before result ?

central excise duty returns due date for 2016 - 17

Do dentists also need to charge service tax and vat on dental services?