A company has overvalued its inventories due to some clerical mistake,,,at the time of finalization of accounts that diff in actual nd overvalued fig was transferred to the CWIP just to hide the same...and tally the balances by hook or crook....so i just want to ask that what appropriate adjustment entry should be passed so that overvalued amount can be written off as it does not exists any where in actual...if it is not adjusted in this year it will be carried forward in CWIP itself for years and never going to be converted in the fixed assets......

Friends, i met with a problem where,my client is working in the pvt co. and was getting salary of Rs.35000 in hand.he said that company is deducting the TDS on it but simultaneously they are saying that ur salary was fixed irrespective of the fact whether we are deducting a TDS or not....we are paying u what is agreed.
I want to confirm whether my friend can ask for form 16 from the company or not...it might be possible that they are showing gross amt in their books...please suggest if clients wants to take credit of the same in computing his own tax liability...

whether accrued interest on tax saver fd is eligible for deduction u/s 80c. or not.

Please help me as of 31/12/2012 the cost of good is 100000.00 cr.and the next year 01/01/2013 the opening balance is zero.
casn u explai n and advice me ow it will come.

Hi all
I have a client Pvt Ltd company providing Content Development & Management Services ( Mobile Application and Other allied software's) to a US Company.

These application of contents are developed in India and sent to the US company by Internet ( email or FTP)

Will Service Tax be applicable on this or will it be treated as Export of Services Outside Indian and be exempt from the liability

sir, mr.A had acquired flat from 'housing board haryana'
now mr.A paying amount in installments including interest
does this amount of interest qualify for deduction u/h house property?

please let me know the procedure of debonding of our premises from custom,as STPI has announced with a cercular that it is not madatory for the 100% export units, those are not import any capital goods to bond their premises with custom.

please guide...

thanks in advance

Can i make the cash payment excess of Rs. 20000/- for the whole fiscal year for different article (goods)from same vendor.

Thanks

Company A (public company) holding 8% shares in Company B (Public company). Now company A want to transfer the shares to its parent company which is also a public company. Pls tell me the procedure for transfer....

Dear Sir/Madam,

In Form 16 deduction u/s.80E has been claimed and accordingly tax liability is calculated correctly in Form 16 for the A.Y.2010-11. But, By Mistake such deduction has not been claimed in the return of income filed for A.Y.2010-11, due to which there is tax liability arising.

Now, whether rectification application U/s. 154 can be made by producing Form 16?

Is there any other remedy for that?

Kindly give response at the earliest.