We as Chartered Accountants have received an approval from our institute for our firm name with effect from date 22/04/2013 . And so we wanted to enter the date 22/04/2013 in the partnership deed.

Will it have any difference if we get the stamp paper for the deed as on date 15/05/2013.

What will be the effective date for our partnership deed? 22/04/2013 or 15/04/2013?

Please advice?

Dear sir,

Why can't we show Depreciation under Direct expenses i.e Depreciation on Factory Building , Depreciation on plant and Machinery

Why we will show under Indirect exp?

Please Clarify

Would like to have an opinion on the following transaction.

lets say company A receives a consultancy services and the invoice for the same is as follows:
Consultancy services 100000
Service tax @12.36% ( rounding off for convenience) to 12000
tds on 112000@ 11.33% rounding off to 13000

So what would be entries in books of A


as per my opinion it should be as follows in books of A

1)first entry:

Consultancy fees Dr. 100000 -
ServiceTax payable A/c Dr. 12000 -
Tds A/c Dr. 13000 -

To A A/c Cr - 112000
To Tds payable A/c Cr - 13000

2) second entry:

Tds payable A/c Dr. 13000 -
To Bank A/c Cr. - 13000

3) Third entry :

A A/c Dr. 112000 -
To Tds A/c Cr. - 13000
To BankA/c Cr. - 99000

Assesse has 3 Residential House Property(HP), he/She sold one HP & Purchased Another HP within 3 months.

Is He/She get benefit of Sec 54???????

I heared that assess gets benefit in sec 54 only if he/she has 2 HP.

Is it Right???????

We have two registration. One is ending with EM0001 (revoked earlier by the department) and another is ending with EM0002. The tax was wrongly deposited under EM0001 instead of EM002. So please suggest whether this can be adjusted. If yes then how it can be done. If not then what we can best be do in this regard.

hi,

I have got a question regarding filling up of the revised form 15g so that TDS is not deducted for the interest i earn from FD, could you please help?

1. What should I fill in column 22? Is it just about ticking the box (for me applicable is Schedule 3) or do I also need to the fill in the amount i get from interest on fd's in column 22?

2. What should be filled in column 23?
a.) Total Income from last year
b.) Total taxable income of last year (Total income - investment in PPF)
c.) Income of last year from interest on FD

Thanks in advance for your reply.

Dear Expert,
I am confused to calculate month in default for TDS Payment. Actually my client has deducted two TDS on folliowing date.
1.30/03/2013
2.28/01/2013
Now my client is going to make payment of the TDS,What should be the total Amount to be deposited alongwith Interest Figure?

What should be the No. of months in default in Case I & Case II.

Waiting for Prompt Response!!


Thanks In Advance!

Regards
Dhiraj Kumar

shall i take service tax input credit on the car hire services ? can i adjust this service tax input credit against my service tax liability ?

Dear All,

I have submitted Quaterly TDS return for first Quarter for FY 2012-13 through our hired advocate.
But now i came to know that he had filed said return online, but forget to submit signed Form 27 A to tin centre. Now i have handed over Second copy of Form 27 A available with me to him today on 15.05.2013. Kindly let me know whether there will be any penalty on me. If there at what rate, what measure to avoid it.

Kindly advice me.

input and put