Sirs,

Ours is a manufacturing concern we are paying some travelling expenses like train/bus charges and accommodation for outsiders who are came for technical services for our plants can i debit these expenditure under travelling expenses others if we did so any taxes will attract on the same

Is TDS deducted on internet charges paid by the company????

i have taken c-form vat.kar.nic.in (Karnataka) but i have entered the amount wrongly so i want to alter the c form so is it possible to alter??? if possible pls suggest me how to do ??

how to register my TAN on tdscpc

Could you please explain the journal entries and the effect in R&P Account

1. FD Balance as on 01.04.2013 is Rs. 41,09,947.00 (This includes FD principle Amnt 40,00,000 and Int acrued 109947)

2. During the year FD is closed and recieved interest of 179442.00, what is the journal entry?

3. How this will effect in the Receipts and Payments Account?

Dear Sir
One of our employee has taken housing loan for the home at Pune. He is working in our Company at Mumbai and his dependents are staying at Pune.

He has submitted Housing loan certificate to claim the principle and interest deduction in his TDS also he has produced rent receipts since he is staying on rent at Mumbai ?

Shall we consider both his housing loan deduction as well as his rent receipts for deduction in his tax liability ?

Please advice.
Regards
Arun

Pls adv, if we make telephone payments for a lumpsum amount for subsequent months in advance, which entries should be passed. Pls explain the ledger name to be debited under which main tally head. Also, how will the entries be written off in the subsequent months. Pls explain dr and cr with example.

Thnx and regards
Gurvinder Singh

Hi i want to know about late filling charges of ITR-1 for F.y. 2012-2013. If i file Return now.

Can a Non Resident Individual submit form 15G.

His Income liable to tax is below exemption limit.

Kindly suggest.

Thanking you.

(1) When Invoice is raised in USD, the entry will be:

USD @ 60
USD INR
Dr. Debtor 1,000 60,000
Cr. Sales 1,000 60,000

(2) On receipt of the amount, the entry will be: USD @ 62

USD INR
Dr. Bank 1,000 62,000
Cr. Debtors 1,000 60,000
Cr. Forex Gain (Realised) - 2,000


Is it correct to recognize the Gain as realised Gain?