We usually Prepare a Debit Note, when Faulty Goods return by customer and Prepare a Credit Note when we send back the repaired goods to the customer. Whether the above is correct accounting wise? Whether we have to mention separately in Sales Return and Purchase return? Generally what entry has to be passed for the same? Pls. explain with suitable egs.

Mr.x already occupied a flat in his name few years ago,and Mr.x has three brothers,and they received a residential property jointly from their parents. they sell it,and divide the selling price among them equally, now Mr.x wants to get exemption u/s 54 by purchasing another house in the name of his son. are he get exemption u/s 54. or by investing LTCG u/s 54EC

i forget my passward
& secret quation
which email address send my passward reset query

Hello,

Under the Companies Act, 1956 loans to Private Companies were allowed from non-members..does the same apply under Companies Act, 2013 as well?

Thanks in advance

I have a bussiness Income & Professional Income .I would like to show Business income as presumtive basis .My professional Income approx.300000/-. Whether I have to fill the P/L & Balance sheet for the prof. Income or not.Another point is whether Balance Sheet to be prepared for only proff.Income or consolidated. pls. suggest.

how to change Department of sales tax login password if security question is not known but i know the current password and want to change it

Hello sir/maam I query about gmcs 1.... As I m living in Nanded (maharashtra) n doing articleship here only.. my question is that whether I can do gmcs 1 from ajmer or any other center because here there is no batches going to be held.. as my registration number start frm WRO.. whether it create my problem to do gmcs from any other centre outside maharashtra.. Please help me

nbfc co has borrowed money @12% in the year 2011 has regularly paid interest and deposited tds. Now lender wants to reduce the rate of interest to 10% retrospectively from year 2011 upto 31st march 2014.please suggest in accounting effect or otherwise in the accounts and TDS.

CAN ANYONE PLEASE TELL ME HOW TO FIND OUT THE EFFECTIVE DATE OF REGISTRATION UNDER THE BST ACT?I HAVE MISPLACED MY BST REGISTRATION CERTIFICATE ISSUED IN AURANGABAD.PLEASE LET ME KNOW AT THE EARLIEST.

Our company regularly comes out with the schemes for boosting sales. At the end of scheme period, there is a lucky draw whereby the first 5 winners are awarded with CAR/Bike/Jewelry/2 LCD TV's and rest 10 winners with Printers/MWO.

Now, when the Lucky Draw is under taken, we pay the amount of CAR/Bike to the supplier and dealer collects the same in his name and then the same is shown in our books.

Whether TDS is applicable on the gift given in kind on achievement of sales targets to dealers? If yes then under which section?