respected sir ,
i have filed form 4s under sec 44ad for ay 2011-12 declaring gross receipts amounting to rs 53 laks and declared income at 8%.
now my return is picked up for scrutiny in respect of bank occount where there is 50lak credits and debits also .the AO asked me to produce books of occounts. what happens if i answer the department that i have not maitained books of occounts as i have fild return under sec 44ad.
please some one give me suggestion

Dear Experts,

my client is a private ltd company and having retail pesticide business. he having the dealers/Distributors state-wise. at the end of the year client launch a scheme to dealer who achieve the target sales like distribution of LCD/Laptop/Fridge, Gold coins and Vehicles etc at free of cost.

please advise whether company should pay TDS u/s 194B or not .

Please advise.
Vijay Jain

what documents to be attached with CA Final Registration Form...

Tax audit report upload by ca log in on 14/9 . not approve by client.Itr upload ,tax audit date mentioned in itr 14/9/13...then my return is valid or not...client not approvve the tax audit return till dae

An employee received excess salary during last 4 years by mistake in calculation of salary. Employer deducted TDS for all 4 years.On fifth year they find out the mistake and ask the employee to remit the excess salary received.what shall be the remedies available to employee for the Tax paid for the excess salary during the last 4 years.Is he can set-off the salary amount refunded with current year salary received?

A Pvt Ltd have directors P,Q,R,S and their holding % are 35%, 35%, 20% and 10%.

B Ltd have 8 directors including P,Q,R,S and their holding % are 23%, 22%, 2% and 4%.

In addition to that A Pvt Ltd holds 12% shares in B Ltd

A gave a loan to B

What are the disclosure requirements in the accounts of A Pvt Ltd?

Sir,
In form 3CB-3CD,in depreciation section, instead of "Furniture @10%", have selected "Building Construction @7.84%" and uploaded it too. Though the amounts are entered correctly, description of the asset is wrong. Will that be a problem? If yes, how can I rectify it?

Dear Sirs,

Kindly explain me as how to arrive the amount of total foreign exchange outflow to be shown in Director's Report.

We are a trader. We purchase from Manufacturers and sells the same goods to our Customers.

We do accounts in tally but currently not using Purchase Order and Sales Order features of tally.

Any one who have implemented similar process as mentioned below, you are invited to my location or I can meet you anywhere in bangalore or near by locations to get understanding.

Any links, suggetion, feedback or further query is also invited. Also, there could be other useful reports, we have not think of as of now but could be useful for us.


What are the process, we are looking for to implement in tally:
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Since all the process is manually and out of tally system, We are unable to find out lot of analysis report in this case and that's the reason, We need to implement and streamline the process for following in tally, Please help us, how can we achieve it.

1. Linking Sales Invoice to Sales Order.

2. Linking Sales Order to Purchase Order.

3. Linking Purchase Order to Purchase Invoice.

4. Linking Purchase Invoice to GRN (Goods send in Transport by Supplier on our behalf)


What reports we are looking for:
-------------------------------------------
Purpose of linking all the above is to get the following or some other reports to better management.

A. Sales Order Reports:
--------------------------
1. What Sales Order has been generated / Raised for customer.

2. What are the Sales Order for which We have not generated any purchase order yet and need to generate.

3. How much quantity we have shipped to customer against specific sales order.

4. How much qantity, still pending to ship to customer against sales order.

5. How to settle the sales order as complete (PreClosure/ Foreclousure) though we have supplied only partial quantity against this sales order and we are not able to supply the remaining quantity for this sales order.

6. What are the sales order against which we have not dispatched any goods at all?

7. What are the time frame between our sales order to sales invoice generation?

B. Purchase Order to Sales Order Linking:
-------------------------------------------------
1. What purhcase order has been generated and issued to suppliers against specific sales order. There could be chances that against one sales Order, we might have issued different purchase orders to different supplier.

C. Linking Purchase Order to Purchase Invoice to Track:
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1. Purchase Order against which we have received goods either at our godown or on our behalf at transport.

2. Purchase Order against which we have not recieved any goods at all or recieved partial goods from supplier.

3. What quantity has been received from supplier against specific purchase order, Is there any quantity yet to recieve or recieved extra quantity than mentioned in purchase order.



How we are following the process outside of Tally as of now.
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The current scenerio we are following as steps given below and not using Purchase Order, Sales Order in tally. Only we use in tally is to generate sales invoice and book purchase invoice so we process Point No. 4 in tally. Except that processing everything manually.

1. While booking sales order, we generate a sales order no. We keep a Sales Order Book.

2. Now once the sales order is booked, we generate purchase order to supplier having our purchase order no. and specifications. We keep a Purchase Order Book.

3. Once the supplier ships the products to our godown or to the local transport on our behalf (to deliver directly to our customer) and provide us Waybill (LR) in our firm name

4. Supplier generate their Sales Invoice in our name (Purchase Invoice for us)

5. We manually note down the Sales Order No. on the supplier invoice for our understanding that this goods has been dispatched to which of our customer i.e. basically tracking so incase we require to get details, we refer the same sale order no. metion on invoice.

6. We generate our Sales Invoice to our customer.


Your help will be appreciated.

Regards,
Martin, Bangalore

If a WTD of a company is reappointed w.e.f 1st April, 2013 but the company delays filing of Form 25C and files it in the 3rd week of September, 2013 i.e. after the enforcement of majority of sections of the new Companies Act, will the form be accepted with Additional Fees like it happened under the earlier act or will it attract penal provisions under the new act?

Kindly reply soon. Very urgent issue.

Thanks