I have a confusion....
On Sep, 2007 in AGM, M/s X & Co, is appointed as auditor till next AGM. Bal. Sheet is going to be finalized for 31.03.2008.Assume Prov for Audit fee will be Rs. 50000/- but not yet finalised.On 31.03.2008 Provision is made in books on estimate basis:
Audit fee Dr. 50000
To Prov. for Audit Fee 50000
Is it perfect?or TDS have to deduct here?

Is it compusory to deduct TDS on 31.03.08 or we should wait till audit completion and receiving of Audit Bill.
Let assume Bill received on 10.08.08 then on that date we will booked X & Co. as creditor and deduct the TDS on that date.
Am I right?

Hi.How do i know if i need to go for acturial valuation of gratuity and leave.
our organisation donot pay any fixed contributions to any fund,so it comes under defined benefit plan.so do we need to go for this AV every year or once in every 3 years..

Whether TDS is applicable on water supply services?

Hello,

One of my friend has 2 Bars on annual rent, whether he has to fill the annual return for the both the bar and personal return also.

Can an individual claim exemption w.r.t. Housing Loan if he has taken 2 housing loans with 2 different banks for constructing 2 different houses. Is he eligible for exemption?
One house is self occupied and the otherone is let out..

Please clarify..

TDS CHART 2009 - 2010 SEND ME

Can CST payable be adjusted against Input VAT while making monthly returns under Karnataka VAT ? For example a dealer who buys locally and sells entire goods outside the state. In such a case can he use Input VAT on local purchases against CST payable ?

I wanted to know that a person who has come from graduation stream and not cleared his PE II exams even after five attempts including May 2008 attempt how he ahould move.
Is he to convert to PCC if Yes is he is elegible to go for articleship training or to pass PCC and then go for articleship.

Please let me know the process how he has to move as per CA institute guidelines.
Please reply to maheshkulkarni29@gmail.com and thanks in advance.

I HAVE TO PAY SOME LAKHS TOWARDS SERVICE CHARGES (AMC) TO FOREIGN CO. AT GERMANY.PLEASE LET US KNOW THE RATE OF TDS AND UNDER WHICH SECTION. CONTRACT WAS EXECUTED IN 2004 AND FOR A LONG TERM

Hi everyone I have joined PE –II based on graduation ( NOT from PE 1/ foundation/ CPT) , but could not clear the exam till now can anyone help me on following

1) Can I convert to PCC ,

2) If yes , is it with Article ship or without Article ship

3) If With Article ship, when will be my Attempt for PCC.

4) And what is total duration of article ship , when can I expect my final exam ( I know I have to clear PCC first , I just want to have a idea )

5) If without Article ship when will be my attempt , and the duration of article ship , when can I expect my final !!

Moreover I have called Nodia (board of studies) they told me that institute is giving two more attempts in old syslabus(i.e PE-II) ONLY FOR STUDENTS FROM GRADUATION AND NOT OTHERS ... i.e Nov 08 & May 09.

Please Give me reply , so that I need to intimate to my company about my resignation !!