please tell me what is the treatment of capital advance written off, can we claim as expense or not, if not then what is treatment of the same.
Dear sir
how to do income tax refund entry in books of a/c
(d) the effecting, insuring, guaranteeing, underwriting, participating in managing and
carrying out of any issue, public or private, of State, municipal or other loans or of shares, stock,
debentures, or debenture stock of any company, corporation or association and the lending of
money for the purpose of any such issue;
I WANT EXPLANATION FOR THAT MATTER
A Aguriculture land which situated in rural area is sold and attract profit . As per definition of Capital Assets Aguriculture land is not forming part of capital assests . pl let me know about treatment of income under incometax Act.
income tax is paid through cc limit or by transfer the amount from cc limit to current account. on such transaction interest paid on the account of cc limit can we claim as expense or not???
How to accounted penal interest on fd .bank has reduced the said amount in interest and credited in the bank . but they are showing full amount in 26AS .
means
Interest on fd amount 64000
penal interest 4000
credited in bank 60000
but in 26 as showing full 64000
how will i show this entry in books of accounts
Please help me out
When Husband & wife take Housing Loan interest will claimable IT Act or No
If yes Then interest will taken Half by both or not
Dear Sir/Madam,
TDS CPC was added new option that is Declaration on non-filing of e-tds, whether it is mandatory or optional, whether it is mandatory for FY 2013-14 applicable or not?
Hello sir, I am a post graduate in Finance and working in Capgemini as associate consultant. For the purpose of further studies I have chosen CMA(US), I just want to know about its career prospects in India. After completing CMA(US) can I apply for the jobs which are for ICWA(India) in India?..Do the companies in India will accept CMA(US) as an alternative to ICWA.
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Written off capital advance