We are importing Raw Material based on prevailing Rate agreed with supplier,after importing the material while we make payment to supplier, the exchange loss or gain arises.Can we adjust the loss or gain on foreign exchange through purchase A/c which arises on that transaction.

Please advise me the best practice regarding the issue.

Respected Sir,

I want know that Rate of TDS ON CONTRACT & its limit which we have to deducte Tds

With best regards,


Vilas Choudhari

We are paying below expenses kindly let me know correct ledger head:-
1. Purchases of Revenue Stamp
2. Purchases of Stamp paper for agreement and affidavit purpose
3. Fees paid to Notery public for attestation of documents
4. Repair of Office A.C.

Sir, We are executing pipeline projects of govt and awarding sub-contract of one part of work.We are using trasnport vehicle for transportation of material to works site. I want to know that TDs on transporation will be applicable either Contract rate or sub-contract rate.


Thanks.

i completed PE 2 in May 07,joined for articles in Oct 07. when will i be eligible for writing my final exam and nder which scheme? i joined for final under the new scheme..pl reply soon...if my attempt is nov 2009 then under which corse i will write my exam? old or NEW

A company has issued QIP & warrants. for the same company has paid commission of Rs.2500000/-to lead managers.Right now we are showing it under miscellaneous expenditure not written off. Can it be deducted from Securities Premium Account as section 78 of Company Act,1956.

DO WE NEED TO DEDUCT TDS ON SERVICE TAX ALSO

what we mean by CUm dividend and Ex dividend share

what is a/cing if such ?

what is a/cing when dividend received and not erceived during Financial year

what would be accounting for issue of warrants

under wht head will DR and CR entry will classify ???????

If my maternal grand father gifts me a amount, will it be taxable ? He has already paid tax on this amount !

Or suppose, he has put my name on his WILL, and later if i get this amount, will again it will be taxable ? If yes, what will be the % slabs ?