Its Urgent Sir, Please Guide Me, What Entry Are Required For Finalization Of Accounts, If Accounts Is Of Proprietory Concern with following Statutory Information :-
1. Valuation Of Closing Stock At The End Of The Year Tally 9.0 [Method]
2. TDS On Interest Paid. If Deductor Is Proprietor & Deductee Is Company Then At What Rate We Should Deduct TDS [IT + SC + EC + SHEC] ?
3. Can We Issue TDS Certificate To Our Client At The End Of The Year For Full Financial Year Or Can Issue On Quarterly Basis, Half Yearly Basis & Yearly Basis.
4. If Fixed Deposit Is Made On 20th Sept'2007 @ 9.0% In Cumulative Interest Type For 1 Year. Then What Entry Should Be Passed i.e For The Balance Month Of Financial Year & Remaining In The Next Financial Year & Should We Make Provision For That Remaining Interest ?
5. How & What Are The Provision For Vat, Income Tax, Etc ........
Regards.
CAclubindia
