Hello Freinds,
Can anybody tell me how the stock is calculated in tally by its default method?
can we change the method to FIFO or LIFO as per requirement?
I hv tryed for the same but i can change the method from stock inventory but still in profit and loss account value of closing stock is shown by its default method only so i want to change the value of closing stock in profit and loss account to FIFO method, because i am doing accounting of shares so as per demate account FIFO method is followed.
Thank in advance
Warms Regards

A male member how has only one daughter and no other children and he is the head of the family, Can he form HUF.

Hello, My client is the director of 2 company from which he is getting Managerial Remuneration. In one case his remuneration is 240000/- per year and in other case around 1 lac. He have interest income also on which TDS is deducted. Now, whether the company from whcih he is getting remuneration is suppossed to deduct tds. and if yes which company and at what rate.
Please explain in detail

I would like to thank you to all of you particular mr.RAJESH who have given a clear details regarding my case .now the development of the case is in my favour which i like to share with all of you .
Facts were : my clients were doing job work on piece basis in a factory owner on his material but the auditors of AGCR has issued a memo and ultimately refer the case to Ser.Tax Dept. and blaiming that they are providing labour to the factory so it will come under manpower's clause the proceeding of the case run in Asst.Comm.office and all the details provided ultimately he wrote reply to his authority that we have examined the related records and documents of the parties and we are of opinion that they are doing job work and not suppling any labour to the factory owner.
I want to know that letter from Asst.Comm. have been writter on 30th June,2009 whether is there any super authority is available in the hands of auditors / excise team even after finding of Asst.Comm.of Service Tax which he submitted to the AGCR AUDITORS VIA PRESCRIBED CHANNELS .
I will be thankful to all of you .

Regards ,

BAL KRISHAN GARG
my e-mail ID : gargbk2001@yahoo.com

A telecom dealer whose turnover is below 10 lacs is paying service tax on his purchases.

can he issue invocies (sale)by charging service tax from his customers or he can issue invoice without charging service tax.

because till 10 lacs he is not filing return of S.Tax.

So plz tell me about billing of current situtation and after 10 lacs situtation.

Can a company issue FORM 16 with "TAX PAYABLE"( in tax payable/refund column).

Suppose tax payable by employee is Rs 5000 and employer has deducted only Rs 4900. Can he issu Form 16 showing Rs 100 as payable????

I wrote june p.c.c 2009 exams.I would like to know about date of result about june p..c.c.

An exporter of qualified goods gets credit facilities from scheduled/nationalised banks as well as from co-operative banks. Both type of banks will debit interest on finance utilised for and charges or commission for other services rendered for, Generally banks are debiting accounts in nature of Postage and other communication charges as well as commission for negotiation etc. Under the circumstances, exporter is liable for TDS ? If yes, under which circumstances ?

i have online trading income through demat account on daily basis.And now i want to know that under which head it will be taxable in my hands.if their is 2 solution then which is benfical to me if i have loss in it.and i m expecting gain in next year.Can i have option to take it as under head Business OR Capital gain income.

plz tell me the basic differences between VAT and Sales tax. if rate of sales tax is lesser than VAT then is it beneficial to purchase goods from other states? how VAT and SAles tax differs practically. thanks