sir i am a private medical practitioner. annual turnover about 30 laces(including dispensing medicines ).i want to know ;
1.should i maintain account books for clinic?
if yes what types of ac books should i maintain.?
2. somebody told me that accounts maintain is not necessary up to 1 crore turnover.
please clarify.

For all other payments – TDS is deductible at the time of credit to the recipient account in the books of the deductor or at the time of payment, whichever is earlier.

But in the month of march payment to be made have not been credited to the respective parties a/c instead the following entry has been passed
expense a/c...dr
To o/s liab a/c

now should they deduct tds when they recieve the bills or in the month of march only??

INCOME TAX RETURN FILLING ME PARTY KA PASSWORD RESET KARNE KE LIYE KYA PRODUSSIOR HAI..
PLZ REPLY
THANKS.

Hello friends, my friend who is coming from abuthabi on leave wants expert's personal coaching for final accounts working in excel sheet. He is ready pay fee. He is M.com now working as accountant. Experts around Rajapalayam, Tamilnadu is preferable. On line coaching also welcome.

For the purpose of calculation of Assessable value, the installation charges is not considered in the value of the asset purchased? Why ?
(Even-though the cost is directly related to the asset)

I m very much confused about from where to pursue my articleship. i m a girl from meerut, u.p....my mind is playing a tug of war b/w two firms in my city. 1.singhal and gupta associates,which is also a partner of Techmech International,got near about 200 audit,is on 25 banks panel,a sort of mediocre firm,a very good infrastrucuture,work in all deptt,in addition engineers,civil ,architect also work there..no stipend for 1st 3mnths,den 2000 pm in d 1st yr...only prob are their timings,10-7,it may even be extended,and i have heard d atmosphere for girls is nt suitable.no time for coaching and self study 2. Ca vipin nagar,a small firm,less work ,only in areas of finance,tax and audit,nt good infrastructure but timings are suitable, 10-5,stipend rs.750,work as a family,bt not more opportunuties to learn my teachers say that it hardly matters ki apne kis ca k under articleship ki h...pls guide me

Dear sir

We have received invoice from our client towards
Making miniature model of our project to be con
Structed the invoice value is 5 lacs
He had added service tax on the bill

At payment should we deduct tds on his bill please
Advise

my actual tax liability is 11,500/- i have got tds of 5000/-, whether 234b and 234c interests are applicable on remaining 6500/- tax

what to do after sending rectification request?

Pls any one help on in Depreciation calculation as per IT
If 15% asset is purchased on Jan-13 and Sold on Mar- 13 need to calculation Depreciation (7.5%) on this asset as per IT Act..?

I Taken Either LIFO or FIFO Closing Balance is not maching individual asset in Same Block...?

Pls any one Give solution to me Roopesh2speed@gmail.com or 7899937604