As we are following mercantile accounting system . I want to know if a manpower agency send a bill for manpower supply for the month march 15 to a corporate entity, so on which date i should issue invoice on 31st march2015 or after 31st march 2015. because client demanding invoice dated after 31st march 2015. i.e invoice date on or after 01/04/2015 so in that case what will be our liability regarding the ST liability.???? as the there is amendments in the notifiaction w.e.f. 01/04/2015 the liability of paying S.T. is 100% on service receiver if service receiver is coporate entity.

A company sends its cars to dealers on sale or return basis.All such transactions are however treated like actual sales and are passed through the sales day book. just before the end of the year two cars which had cost Rs 55000 each have been sent on sales or return and have been debited to customers at Rs 75000 each, cost of goods lying with the customers will be? a) 110000 b)55000 c) 75000 d) None

if any firm not paying service tax liability from last 3 years amt appx 35 lacs. now if start paying periodically lumsum amt. dept will issue notice for balance due? what is better to make payment of three year in a single day or to make payment in part part.

DEAR SIR,

WE RECEIVE BILL FOR OUR CREDITOR FOR RS.3000, FACTORY EXPENSE FOR THE MONTH OF MARCH-15. WE RECEIVED BILL ON 2.4.14 FOR RS.3000. HOW CAN WE PASS PROVISION ENTRY?
I ENTERED LIKE THIS.

31.3.14 FACTORY EXPENSE 3000
TO PROVISION 3000
2.4.15 PROVISION 3000
TO CREDITOR A/C 3000

PAYMENT TIMES

CREDITORA/C DR
TO BANK A/C


AM I RIGHT SIR.

KINDLY REPLY ME IF ANY CORRECTION NEEDED.

Dear Sir,

My Self pari. from ahmedabad.
i am a ca (final) student. my query is i wish ca intership is closed and resigned.

If the possible in ca resigned how to submit the form send in institute.?

dear sir,

how to calculate depreciation if the under WDV Method if asset is purchased after 01.04.14 for e.g. 29/08/14 the following treatment is correct or not??

mobile purchased on 12.01.15, therefore no. of days upto 31.03.15 is 79 & life of an asset as per companies act 2013 is 5 years so total life in days = 5years * 12 months * 365 days=21900

depreciation per day = cost of an asset i.e.17900/21900=0.82 per day * 79 days = Rs. 65

company is following WDV method

Pls tell about the taxability of arrear of salary.
If xyz co. had stopped working in the year 2000 and now company has been taken over by ABC co. Now in 2015 ABC co. Pays compensation as Arrear of salary to the employee of XYZ co. then,,
1. Taxabilty of such income in the hands of employee?..
2. is the ABC co. liable to deduct TDS on such income?

if person earn CG of RS. 15,00,000 on transfer of resident house in Fy 13-14.if he not file return of income within due date nor he deposit captial gain scheme A/c. is benefit of Sec 54 is available?

As per AS-3 A Co whose turnover exceeds Rs.50Cr has to prepare Cash Flow Statement.

Now a Company's Gross Turnover is Rs.51Cr but Excluding Service Tax it comes to Rs.49Cr.
Does this Co has to prepare a Cash Flow Statement now??

Our client has the following incomes:

1)Proprietor business loss is 176000
and so we have decided to take Deemed income u/s 44AD 8% turnover = 379200

2) he is also a partner in another firm..
profit share =156000, remuneration=384000 and interest received = 114578
3) bank FD and SB a/c interest??


Now which ITR has to be filed??

please suggest.. thank u sir..