A & B are the partners of partnership firm, they are drawing from firm Rs. 6000/- each as remuneration, for which maintaining P/L account, P/L App. A/c only.

Journal Entries done by me:

Partners remuneration a/c (A/B)Dr.6000
to Bank account 6000

Profit & Loss Appropriation Dr. 6000
to Partners remuneration a/c (A/B)6000

Partners remuneration a/c (A/B 0Dr.6000
to A's Capital/ B's Capital a/c 6000

Dear all,


is there any provision where interest payament without being TDS is allowed if SAME IS CERTIFIED BY CHARTERED ACCOUNTANT THAT " the receiver of interest has consider the interest income in his return and tax has been paid by the receiver on the same"


is there any case law or any amendment then please qoute it....

There is a batch for IPCC coaching starting for Direct entry students from July 4th for exams in November 2014.The timings is from 7am to 9am daily.

Will it be worth enough if I go for coaching for that batch so that I can also complete 9months articleship ? OR

Do I go for Regular batch only ?

Is 2 hours enough daily to complete IPCC course within 10 months ? Please reply

after filing income tax return and paying tax of year 2010...again adn again i m reciving letter from the income tax department that,tax not paid...after giving proof so many times,again i m reciving letter .wat to do

Dear Members.

Can any one tell me.when the provident fund deducted in the employee's salary when the employee has recently join the organisation & organisation has already deducted the provident fund other employees's

what all courses can we pursue while doing C.A ...... basically related to i.t

If i interstate purchaser with CST & i sale this material to within state customer can i leived vat tds & cst to final consumer

can anybody solve my query?

Dear Sir

I have interest on NSC 10520/, KVP-7560, PPF-29000/- & FD-7520/-, can these interest be added to my computation, can I get any deduction,
Income from salary is 175000/- & tuition-45000/-, PPF Deposit-72000/- agst LIC matured, NSC purchased 10000/- what will be the computation, please advice and provide me in excel format.
Regards
Subhra Chatterjee

DEAR,
1] AFTER WORKING 58 YRS IN PVT CO. AND AFTER RETIREMENT -
NOW I AM GETTING RS 1839/- PER MONTH OF PENSION UNDER "EMPLOYEES PENSION SCHEME 95" FROM EMPLOYEES PROVIDENT FUND ORGANISATION, MUMBAI-11
2] RS 3342/- P.M.ANNUITY FROM LIC OF INDIA[I WAS MEMBER OF GROUP SUPERANNUATION FUND OF MY CO.-MASTER POLICY TAKEN BY CO FROM LIC]
PL ADVICE ME: IN WHICH HEAD ABOUE INCOME WILL COME, AND ANY DEDUCTION IN THIS AND /OR deduction of 33 1/3% or 15000/under u/s 57(ii)IS APLICABE TO ME PL ADVICE IN DETAILS.
THANKS
ASHOK

Renting or hiring of passenger motor vehicle falls under reverse charges mechanism of service tax, if service tax paid with abatement service receiver has to pay 60% but service tax paid without abatement serviece receiver has to pay 100%.Now my query is when service receiver can choose payment of service tax @60% & 100%.In my opinion If service provider has not charged service tax in his bill then service receiver has to pay 100%? or when service provider charged service tax @40% then service receiver has to pay remaining 60%?.If above implication is wrong Please clarify my doubt