The co.(like film co.) initially depsosit the amount in a person (production manager) bank account/given him cheque.

further he incur expenses & provide the actual original bill to the said co.

he has no proof of same.

the said person incurs expenses on some items & Bribe.

how we pass entry.

As these amount are neither his income nor his expenses.

like
may be passed

but not showing

1. Bank a/c dr. 50000(salary)+100000(for expneses)
To media co.

2. expenses dr. 50000
To bank 20000
To Bribe 40000

I have no cash credit account. But eventually I have wrongly shown cash credit account in the liabilities side of my balance sheet. The said cash credit account has been carrying forwarded since last 10 years. The said cash credit balance would be positive balance of such bank accounts.

The case was selected for scrutiny and accordingly the A.O. added back the same treating as undisclosed cash credit U/S 68. What is the remedy?

The new rule set by our institute,that our tution timings should not be after 9.30 am and before 5.30 pm,i m not getting this.I mean a C.A. student,e.g., i am in pcc,so i get 18 mnths to prepare myself for my eligible attempt and during this period i have to do the practical training also.Now,We have 6 subjects..and we have to plan our studies and tutions as per our training.In these circumstances,a student manages very hectic schedule of its tutions,training and other activities also.so,dont u think its a totally unfare to a student doin C.A.I agree ICAI is framin rules just for the wellfare of the country and students,but...now i m facing problem of tutions.where i want to join, i can't,just because of this rule.
KINDLY HELP ME PLEASE....!!!!!!!!!!

Hi
the expression in part II " earnings in foreign exchange" means income earned during the financial year in foreign exchange whether received or not in that year? is that right? Please clarify. Similarly expenditure in foreign currency whether paid or not during the year.

Reqeust clarification.

After the incorporation of ITSS under Service Tax Act , the dealers in softwares are charging both VAT and Service tax on sale of softwares and Licenses. Further in some states there is Vat even on sale of customized softwares. If VAT is already there on sale of softwares ( branded/ customized ) then how there can be service tax on sale of branded and customized softwares ?

Please clarify.

Furher is there any case pending before any of the high courts in India on validity of charging service tax on sale of Softwares(branded/ customized).

Is Sec 197 ( Lower/ non deduction of tax at source) applicable for 194 I- rent payment

My client has given me Form 15-G for non deduction of TDS on Rent.
The form 15-G is only signed by my client.
and is not a certificate from the AO.

Can i accept this ?

im completed my bcom, now i have to do further studies in finance, so which course is good for me.

I am registering a new company. Can I issue share with differential voting rights. I want to issue 500000 shares of Rs 1 each with one voting right each and another 150000 share of Rs 10 each with one voting right. so that person holding first 500000 shares will have majority voting right. Is this legally possible

If the etds payment in the first quarter was short by Rs. 65000/- then can we adjust the same against the excess payment of Rs. 75000/- in the second or third quarter while filing the quarterly return of tds.

Regards

What is the date of N0V,09 CA final exam? Is there any gap between exam or not?