Dear Experts,
We are proprietorship firm and assessment
For FY 2014-15 has been done also the
Intimation u/s 143(1) has been received
please tell me how long i will have to
keep the account safely of FY 2014-15,
Till 5 year or forever,

Regard
Anil mishra

Respected Sir Can u tell me that what will be the accounting Treatment of Bank Overdraft as Journal Entry..?

Hello Sir,
I have taken a home loan of 30 lakh from Hdfc bank in April 2016.
The property is under construction and the possession will be given by the builder in March 2017.
The first disbursement of Rs. 1820625 was dome to the builder in April and I have started paying the EMI of Rs. 19012.
The disbursements of balance loan amount will be done quaterly starting from July 2017.

Currently I am staying in rent of Rs. 8000 per month.

Can I declare both, the rent and home loan EMI interest in the investment declaration for FY 2016-17 and take the tax benefit?
Or is it that I can only claim the home loan benefit after getting the possession?
Please advice as I have already started paying home loan EMIs.
Our finance is saying that I can take the home loan benefit after taking the possession only.

Hi, Kindly help me in this entry computer purchased and gifted to students . How the entry to be passed as it is not asset of the university But whether it has to be treated as revenue expense or capital expense. It is not a asset of university. So we cannot treat as fixed asset Please help me in this entry.

Read more at: https://www.caclubindia.com/forum/details.asp?mod_id=359253&offset=0

Whether income from temporary Professional Job Contract is to be treated as Income from Other Sources specially when the assesse has separate Salary Income!

sir, being Director drawing salary rs3000000pa, can i eligible for asst. salary paid to execute in course of company duties, maximum eligible Rs? (under section 10 or so). can u pl clarify

we have in the service tax audit point manpower reverse we pay service tax on manpower can i use this as cenvat for services tax

At this moment of time I would like to collect the service tax from the flat owners on account of sale of flats and shops during the Fy 2009-10 & Fy 2011-12

Whether the working will be as follows:

Suppose Sale of Flat ........Rs. 1,00,00,000 Suppose One Crore
Add 1% Vat on Sale Value Rs. 1,00,000
Total Rs. 1,01,00,000

Add Service Tax @ ???? % on Rs.Total Rs. 1,01,00,000

In short I would like to know the rate of service tax during the Fy 2009-10 & Fy 2011-12 for selling of flats and shops.

Please guide me.,

Experts,
Kindly tell me what criteria will decide whether a NBFC has to categorise it assets into Standard, Substandars etc.
Along what are the consequences if they are not complying with criteria as specified. And how reporting of same will be done in Audit Report?

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.