We opened a FD account of rs.1.5 crore. Bank informed us that we cannot closed the FD within one month. SO,We opened OD of Rs.50 lakhs in same bank. after one month we closed the FD a/c, on which we received interest, bank deducted TDS on interest and also taken OD amount of Rs.50 lakhs. The remaining amount transferred in our CC account. Now, In which account group we create the accounts and how the Entry should be passed in Tally. Plz reply as early...

I need to know whether the LC opened for importing the goods with the bank for rs. 1000 will be entered in the books as bank OD?

i deal in installation services and my gross turnover from dt services is less 900000 rs so will i be liable to dedicate services tax....and

service tax liability arise aggregate amount of services or separately each services..............

A Proprietor Concern is doing an F&O, so for that purpose what entry has to be passed. It does not keep any margin with the broker. so Whether separate margin account has to be opened under which head?. What about the charges that has to be debited and how it has to be entered in accounts and what about taxation parts. Please explain?.

I forget my mobile number which i have given to activate my income tax account, without that mobile number now i cant activate my account so can anyone please tell me is there any other way to activate my account

Hi

I want to join industrail training. I have completed group 1 of IPCC. Whether i am eligible for industrial training. I have completed my articleship of 2 years.. Please help me

A company is in trading of IRON & steel products and also during the year company is having incurred loss on commodity derivatives.

My query is where to show this loss on commodity derivatives trade in profit & loss statement, whether under other expenses or exceptional items.

solution required of may 14 exam idt

Hi Sir/Madam,

I want to know maximum and minimum Deduction of PF on salary.

Thanks.

Whether we are liable to pay tax in case we transfer the stock to our Branch , for example i transferred my stock Rs 5,00,000 in a year from Delhi (HO) to Mumbai (Branch) then how much vat i have to pay ????
its really urgent and it will be great if anyone can reply me.