I was finalising accounts of one firm. what is the maximum interest that can be allowed on capital? since net profit is 24032.9 And partner's opening capital is 853901.63. last year 12% was charged on capital and if I charge the same % then it goes into loss and no salary can be paid. can I charge 1% on partner's opening capital?

How to convert gold purchased of Rs.30 lakhs without any invoice into white money

internal reconstruction ??

I have one query.Please guide me in following meter.one of my client is individual he comes under audit u/s 44AB he has incurred the loss of RS.50,00,000/- for A.Y.13-14 out of loss of Rs.50,00,000/-the depreciation loss is 25,00,000/- he has carried forward loss of Rs. 50,00,000/- as business loss instead of Rs.25,00,000/- as business loss and Rs.25,00,000/- as depreciation loss.The return of income is filed in time.The auditor has made same mistake and given the audit report.he has also upload the audit report with same mistake..what is remady to client??

Dear Sir,

We are a construction company. We have hired some tippers from a contractor. Also we have paid them advance payment but not deducted TDS.

My question is : whether hiring of tipper is eligible for tds , if so under which section.

Secondly we have not deducted tds on advance payment , can we deduct once the bill is received or what else we have to do.

Kindly suggest very very urgent.

Thanks
Sushant

1.Can we capitalise ducting expenses incurred for installation of Centralised AC?

2.What will be the treatment in case of rented property or building?

3. In above mentioned case if the property is rented, then in which category (asset) the above cost will be capitalised?

hi,

can any one please gave me IPCC Exam Papers of last 4-5 times. plz

While claiming LTA exemption, is there any restriction for travel tickets production? like, for eg., tickets received from one employee for travel from chennai to madurai and return ticket from paramakudi to chennai. is it ok? or should the destination place be paramakudi only?

Dear All,

I have a query.Whether the service offered by a celebrity to promote a company come under any slab of tds?If yes, please also inform the section in which it is charged?
Also please inform me the reason behind such applicablity? and also the difference between such service & sponsorship service?

Thanks in advance.

hi,

can any one please tell me which books is best for ipcc exam in group 1 & 2.