Answer Posted / lalit

BALANCE SHEET

LIBILITY ASSET
CAPITAL CURRENT ASSET
RESERVE & SURPLUS FIXED ASSET
LOANS LIBILITY INVESTMENT
CURENT LIBILITY MISC EXP(ASSET)


PROFIT LOSS A/C.
1.OPENING STOCK
2.PURCHASE A/C
3.DIRECT EXP
4.CLOSING STOCK
5.SALES A/C.
6.OTHER INCOME
7. GROSS PROFIT= {(1+2+3)-(4+5+6)}
8. NET PROFIT = (7 - DUTIES & TAXES -DEPRICIATION)

THERE IS EXCESS TDS REMITTED UNDER SECTION 194 H IN EACH MONTH STARTING FROM APRIL 2011 TO DECEMBER 2011.THIS IS DISCOVERED IN JANUARY 2012. THE QUARTERLY RETURN IS YET TO BE FILED. HOW TO TAKE EXCESS CREDIT IN FILING QUARTERLY RETURNS ? WHETHER EXCESS TDS CAN BE ADJUSTED AGAINST REMITTANCE OF TDS FOR JANUARY 2012 (UNDER 194 H ONLY)AND THE BALANCE ONLY CAN BE REMITTED? IF SO, HOW TO GIVE THE CHALLAN REFERENCES IN THE RETURN?

2186

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OUR CO. ACCEPT SODEXO COUPONS FORM CUSTOMERS; WHEN WE SUBMIT COUPONS FOR REIMBURSEMENT TO SODEXO THEY DEDUCT SERVICE CHGS AND S. TAX AND PAY BALANCE AMOUNT, DOSE IT ATTRACT TDS?

2871

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If we use google licence in our office for one year.Google raised invoice annualy. so that on which section tds will be deducted.

2085

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What is difference between Contract and legel and legel and profession service???? I had face this question in interview

2281

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Hi,  Can somebody help me to know whether WCT MVAt is applicable on catering service, if the caterer is uses his own material and labour for doing cooking in our premises and later the product is sold in the same premises for the employees. Kinldy advice whether WCT will be deducted on this.

2294

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I have a plot at Visakhapatnam. I have entered into a contract with a builder which enables him to construct 10 flats on the plot and builder and myself will share 50:50 of the constructed area. i.e. builder will get 5 and i will get 5 flats. Builder is not paying me any other consideration apart from 5 flats. Kindly clarify as to whether any servive tax is applicable and payable by me ?- kgr varma

1984

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Rules for filling Income Tax return for a domestic manufacturing company.

2476

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we issued the H form for the 1st quarter 2014-15 but in the 2A we posted the wrong TIN no of party and H form is also contains the wrong TIN No.if anybody know the correct procedure for correction of H Form kindly tell us. 

2504

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hi,when i am posting an entry on service tax it is not showing the business area.please guide me how to configure the business area so that the entry also shows the business area.please help as i need to configure it.

2147

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what diff. between Account ,Commerce and Finance?

2390

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IF I HAVE PAY COMMISSION TO LOCAL AGENT RS-5000 THEN HOW MUCH I WILL DEDUCT TDS & IS PAN CARD REQUIRE

6876

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if any civil contractor provide service to education institute, then there is an exemption for service tax liability, and he should be quoted it on its invoice, can u provide me sample invoice formats

2193

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Explain the Calculation of Sales Tax?

2145

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I want to know about the site where i can do online application for F form. Please suggest site address and procedure.

1953

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Excise duty applicable for Handmade Production?

3462

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