How to make journal entry of GTA and a cab taken on contract by receiver under (RCM)
is Certificate of practice number and membership number are same or not?
Can anybody provide me solution to end the problem that i actually came across..............
There is a individual who invested all his assets in a Rice Mill of worth Rs.8 crores (approx.) in the year 2011.Then the business continued for 1.5 years continuously. Suddenly the business lacks working capital due to abscondance of cash by the person involved in construction, who was the friend of the individual in the 2013. There is no specific evidence to prove the fraud. Thus, the business discontinued. On the other hand, as there is no profits, the bank debts (neither the principle sum nor interest) of Rs.4 crores(approx.)could not cleared as there is no cash availability. As the business organisation is not paying any sum to bank. The bank considered the debt as NPA and is going to conduct auction on or before 06.06.2014.All the assets were struck in the bank as securities for the loan whereas the individual has Rs.4 crores of bank loan and Rs.2 crores of unsecured loan.
Banker valued the mill value for Rs.1.63 crores and other securities for Rs.60 lakhs only whereas the valuation report by the Approved valuer valued the mill for Rs.5.35 crores (approx.). There is a heavy pressure from the creditors as the auction amount does not cover their debts.
Please provide a probable and suitable solution for the above query.................
DEAR SIR
If one person have pvt. Ltd co.and he buy one car for business purpose but that person pay 2lakh through cash and bal.amt 5 lakh through cheque. i want to know depreciation are applicable on this amt.according to income tax or not.
Respected Sir,
Our company chemical Manufacturing com.
Our compnay given Vehicle HPDE tanker fabrication work in interstate Rs 170000+ Cst 3400=173400. My question it is applicable for Entry tax. and TDS
Pl suggest
My articleship starting date 1-3-11 n completion date 28-2-14.
Submission form 108 dated 12-3-14.
I got letter from icai stating that i hv delayed submission of form 108 n need to give 100 rs. Dd n letter for condonation for delay. Do i need to give dd n letter?
If yes, then Kindly help me for letter n reason to state.
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If "A" is proprietor of business, during the year succession of business was taken place due to death of assessee. said business is transferred to his son "B"in the first quarter on the Previous year. what will be the depreciation deductible in the hands of A and B relevant assessment year. with the Provision of Section 32 of Income tax act 1961.
Suppose a trader in Haryana invoices goods with Bill To party in the city of Bangalore and Ship To party in the city of Mysore, then who will provide the E-Sugam to the trader in Haryana and why. Please also provide an understanding on the Form C, i.e. who will issue the Form C, being a transaction on concessional tax rate of 2% against the C-Form
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Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Journal entry under servicer receiver(rcm)