Dear Sir,
We have deducted TDS on brokerage and paid to govt. The breakup of our TDS is TDS+SURCHARGE+EDUCATION CESS. We should have deducted as TDS+EDUCATION CESS+INTEREST. The amount of TDS is correct but only entered in the wrong columns as mentioned above.This TDS is pertaining to March 2009. How do we rectify our error.
Thank You.
Siddarth.

Can goodwill be more than capital while selling? Please explain.

Sir,

One of my client has purchased imported software in 8000 Euro whcih shall be paid in 36 installments and the ownership will be passed only after paying of all installment.

what will be the treatment like :

a) Recognise the software as Fixed assets and claim depn .
b) Claim as the revenue expenditure as and when we are paying the installments.

Thanking You
CA Shanti Lal Deshwal

To,
Dear Experts,

I want to know that for the students who has attempt in june 09 and nov 09, which auditing standard is applicable to them. AAS or SA.
Pls reply me fast..
thanx..

Hii all.

I have registered for 2 catagory of service.
1. repair & maintanance &
2. Business & auxillary service

suppose i have billed
Rs.100.00 business & auxillary &
Rs.200.00 Repair & mainatance

I have Paid Rs.12.36 service tax on B.A.L
and Payable Rs.24.72 on Repair Service.

Now, Can I take Input on payment made in Business & aux..

Now my Payable Amount is Rs.12.36 on Repair & maintanance ?

Simply Can i take input of service tax paid on business & auxillary service against Repair & maintanance service?

If a company becomes public due to being subsidiary of a Public company by virtue of section 3, Pls clarify

1. Whether section 297 and 81 will be applicable after becoming public as such?
2. when a company becomes public by virtue of this section, In such a case all the section of Companies Act becomes automatically applicable on such company relating to all section which are applicable to public ltd company
3. Such Public company has to increase its paidup capital, no of directors and members mandatorily or not
4. Is there any section in Companies Act, which clarifies the position particularly which section applies and which section does not apply for such public changed company.

Soliciting for an early reply

Thanking YOu,

D. N. Mishra

Dear Sir

Somebody ask me a question given below. I want to know that the answer wrote by me below is correct or not.Please help me out

Question : -

X paid Rs 50000/- to Y on behalf of Z after deduction of TDS. Pass the entries in X, Y, & Z's books

Answer :-

1. Y A/c ------------Dr 45000/
To Bank A/c 45000/-

(Being advance amount paid to Y on behalf of Z after deduction of TDS Rs 5000/-)



2. Z A/c ---------Dr 50000/-
To TDS A/c 5000/-
To Y A/c 45000/-

(Being advance amount transferred from Y A/c to Z A/c for payment made on behalf of Z, TDS deducted Rs 5000/-)

Hi!

One of my client has received a some amount from Management of "Hotel Oberoi" Mumbai, as his daughter had died in terrorist attack in Nov 2008. Section 10 (10BC) exempt such kind of reciepts, if received from Central or State Govt. and any local authority. But will it exempt receipts from such public ltd company? if yes, do we have any notification for that

Can we accept stipend in Cash?

Can Letter Of Intent & contract is same?
Agreement contains the words "this LOI/cotract is enforceable till 20XX" Which Act cotain this provisions.