plz let me know rate of TDS on franchise fee .will tds be deducted on cost of study material also? C.A.Meenakshi Gupta

I have completed ca; cs; icwa. but I have experience in cs alone (2 yrs); i am presently 25 yrs. may I know what is best way to settle my career.

How to calculate income of Lic agent in respect of Commission?

Which Book would be the Best Buy for November 2014 Exams on Financial Reporting?



PC TULSIAN (Aug 2013 Edition)



OR



M.P VijayKumar ( June 2014 Edition)

let me know to which head of account should Monster Job Portal TDS be taken into account

Can anyone give me example for reverse charge applicable in case of insurance buisness..plz..I need example not how much who will pay and to whom

Sir/ madam,

i want to file my Income tax Return for AY 14-15. I have Form 16 from my Employer Company in which HRA Exemption is given for just 2 months and for remaining 10 months it is not allowed. can it be claimed now while filing ITR

Dear Sir,

I am Eligible for CA Final May 2015. Can Pass
CA Final in First Attempt by Without Coaching (Self Study). or Whether Coaching is must for CA Final

Please Give Suggestions

If X gets an immovable industrial property as a Gift from his Father. He sells it immediately & purchases another industrial property of same or higher value. Is he liable to pay any Capital gains tax?

rm purchase-rs 1000(20 kgs)
vat-rs 4
other expenses-rs 5

total-rs 1009

Q1) i
presume that the below mentioned journal entries for vat
purchases eligible for input credit are to be passed

(using figures mentioned above )


purchase dr 1005
vat recevbl dr 4
party cr 1009

vat adjustment entry is
vat payabl dr
vat recevbl cr

unadjusted vat recevbl amount will remain as dr balance in vat
recevbl a/c and will be shown in asset side OF BALANCE SHEET .Am i
correct?
xxxxxxxxxxxxxxxxxxxxxxx

Q2)what about cst purchases?
(using figures mentioned above )

is the rm price 1009 in case cst is rs 4 and are following journal
entries right

purchase dr 1009
party cr 1009

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Q3)the accounting policy for 2012-13 is closing stock value of raw
material= cost price or market price whichever is is lower

31/03/13- 500 kgs for which costprice is 108 and market price is 100

therefore closing stock value is 500 x 100 = 50000 as on 31/03/13


closing stock of 2012-13 is opening stock of 2013-14

so which of the following is correct

working 1

o/s 500 kgs rs 50000
purch 100 kgs rs 10000 (assumption )
consump 500 kgs rs 54000 (108 rs (cp as given above) x 500 kgs)
clsng stoc 100 kgs rs 6000


or

working 2

o/s 500 kgs rs 50000
purch 100 kgs rs 10000
consump 500 kgs rs 54000 (100 rs (mp as given above) x 500 kgs)
clsng stoc 100 kgs rs 10000


ASSUMING ONLY THE OPENING STOCK IS CONSUMED IN THAT MONTH AND NOT THE GOODS PURCHASED DURING THAT MONTH.Which rate is to be applied to determine the value of consumption -opening stock rate or actual cost price?