HELLO ALL,
I HAVE A QUERY. IN MY COMPANY THERE ARe lots of DEBTORS(DR BALANCES) FOR LAST 4 YEARS AND LOTS OF CREDITORS(CR BALANCES) FOR LAST 4- 5 YEARS.
IN F.Y-13-14 I HAVE TO SET UP BOTH.CAN IT IS POSSIBLE TO WRITE OFF. IF YES HOW IT IS POSSIBLE
PLZ ADVICE WITH ADJUSTMENT ENTRIES AND ALSO EXPLAIN THE HEADS WITH SECTION.

I DARE TO KNOW.....PLZ

Dear Sir,
We have paid TDS amount for Dec'13 on 8.1.14, delayed by 1day(Actaul Due date is 7.1.14).Now they sent Notice by charging interest for 2 months on late payment of TDS. I contacted Traces,saying that interest chargeable for 2months only but not for 1 month. Kindly resolve my query.

WHAT IS THE RATE OF TDS ON CAR RENTAL , BILL IS IN COMPANY NAME AND PAN PROVIDED IS OWNER'S HUF ?

Dear Experts,

Pls tell me what will be tax effects and formalities in payment to korian consultant.

He is individual and visit india for 2 week in every month and provide services in India.the contract amount is 30 lac $ for three year.
payable 10% on contract,10% after 3 month and remaining 80% in equal installment for remaining period.

Sir I am a CA Final student pursuing articleship and also doing CS executive .I have filled form 112 for permission for doing cs which I got. Now I want to also register for B>com(A&F) from IGNOU so do I register first in B.com and then fill form 112 or take permission first?

Hi

why we are not deducting the TDS On transportation ? is there any particular rule.

If we need to be deduct the TDS, What is the cut off and TDS Percentage please.

Prepaid Rent comes under which head? And accounting entry for rent paid in advance?

Need a small info from experts here. If a pvt ltd company need to pass resolution for increasing salary of directors, do we need to pass a special resolution or will it be an ordinary resolution ?

Also, Is there a need to notify MCA/ROC about this through form MGT-14 about these resolutions ?

If yes, is there a need for the ceritfication of this form from CA/CS in case of a small company (less than 40 lakh turnover ?) Or can we submit this form just with digital signature of the Director ?

Dear Sir,

I have doubt on returned material :

We have sent the goods, the customer returned the goods with their letter head saying that your material returned based on our specifications. then we have all original duty paid documents and raised a credit note and we have pakka record for material sent and received separately. Further to this any other documentation or intimation required ? we also verified rule 16. the rule says only utilising the credit not documentation part.
Kindly help me to do better

worked for USA company during f.y 2013-2014.
salary received in US dollars.
my status during the said yearis resident indian. stayed for more than 182 days in india.
US company deducted from my salary : federal i.tax, social security tax, medicare tax, state i.tax.
How do i file return and what should i show in return. My other sources income in india is below taxable.