As relate to the company who is in receipt of Form 16A forms from the parties who have deducted TDS, The TDS receivable account under various parties should be closed, if yes how the accounting entries is to be passed.
I have got a view from te accountant that these accounts will be kept till the assessment is done.
Is it correct?
All these points have arisen during the course of Statutory audit of the company.
Kindly advice and thanks in advance.
Message to maheshkulkarni29@gmail.com

As relate to the company who is in receipt of Form 16A forms from the parties who have deducted TDS, The TDS receivable account under various parties should be closed, if yes how the accounting entries is to be passed.
I have got a view from te accountant that these accounts will be kept till the assessment is done.
Is it correct?
All these points have arisen during the course of Statutory audit of the company.
Kindly advice and thanks in advance.

Can a company issue TDS certificates to employees & others, if TDS return for last qtr has not been filed yet? If yes, how will the return acknowledgement no. be filled therein?

Can a Software company claim VAT input credit against VAT paid on purchase of Computers, RAM, Printer, Servers and other computer related items?

I have passed the first group of PE-II in november 2007 and I have written Group -II PE-II exam in May 2008 and now I would like to switch to PCC.
In the event that I do not pass group 2 in may 2008,will I be eligible to write the november 2008 PCE exam for group 2?
Or do I have to complete 18 months articles before I attempt PCE?

I have not exhausted 5 attempts of PE-II yet

Salary payment ( Rs. 7500/-)made by company to the personal employee of the director on behalf of director (i.e. debited to director account)by cheque.

Is the responsibility of the company to deduct Profession Tax on same? (Maharashtra State)

Is the liability of the director to pay P.T. on salary ?

Thanks in advance.

Regards,
Mahendra.

hi can anyone help me..i would like to take choching for pcc i stays at s r nagar hyderabad kindly help me which institue is better to join.
near to s r nagar which istitue is there..
am new to hyderabad so kindly suggest me

Dear All,

I want to maintain Fixed Asset Register as required,Can any one provide me.

Regrds

Madhu

madhukintali@yahoo.com

dear sir/madam

i am bharath kumar , i have completed my b.com 2005,joined parallelly for pgdba symbiosis distance learning.and ca pe ii.
now at this stage i have completed my pgdba and ca pe ii 1st group.i am very much confused to go further,since i have an offer from wipro bpo.at the same time i can't compromise with my passion my ca.but i am afraid of my past exam results since i lost in aggregate last time by 9 marks.so i feel depressed to continue with ca or go ahead with offer letter from wiprow.is there any notification regarding transistion with ca pe ii came from b.com completion?
oh god pls help me???

We have received Tax Invoice No. X From A Party of Rs. 28000.00 ( Including VAT Rs. 2900.00) . in the month of April 2008 .

We have taken set off of Rs. 2900.oo in that month & file monthly VAT return in this month .

After filing Return party has send us revised bill of above TAX Invoice X amouting Rs. 28000.00 ( VAT is charged Rs. 3200) .

My question is how can you take VAT set off of difference amount Rs. 300.00 as we have already file return .