Answer Posted / h.r. sreepada bhagi

Based on the salary break-up and the details of savings &
investments submitted by any employee, tax liability has to
be calculated in respect of each individual employee and
proportionately deducted every month from his/her salary.
Tax liability should be calculated as per the provisions of
the Income Tax Act and any tax payable should be deducted
with out fail. Employer should not entertain any request or
instruction from any employee not to deduct tax, unless it's
supported with documentary proof and after applying it,
there will be no tax liability. If the employer fails to
deduct the tax, then he needs to pay interest to the government.
Remember no employee can be exempted from TDS just because
of his request or instruction. It can be done only in
accordance with the Income Tax Laws.

How you can adjust entries into account?

1187

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In the Manufacturing IF QC reject the material. Then where to record rejected material amount.

1925

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i got a case study in which theie is a chemical company group which has 12 companies in all, few in Europe and few in USA, my question is should i have only 2 COA as per the standard like US GAAP and IFRS or should i have COA based on country location.

1886

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what are the limitations of accounting conventions

2569

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What are the functions of manger -accounts and manager-finance? Explain in detail

1089

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i am trying to set up a recurring reversing journal in Oracle GL, my problem is i have income balance of £30k that i only want to show 1/12th in a period over 12 months. can any one help me set it up . i want to show P01-13 opening balance £30k less £27500 P02-13 reverse P01-13 journal P02-13 opening balance £30k less £25000 etc. or does anyone know of another way it can be done automatically every month.

2269

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Tell me what are the key tasks for account executive?

1031

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get fixed assets items

1999

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what is the last date of deposit TDS on liability for the assessment year 2010-11

2059

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Pls let me know Job profile for Account Manager.

2064

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ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10

2474

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Define each Flexfeild qualifiers (natural accounts, balancing acc., secondary tracking, cost center)

2054

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What is the depreciation rates for all the assets?like plant & Machinery,computers,software,land & buildings

4708

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Kindly define necessary ledger is to maintain in excise. Kindly define how we maintain P.L.A

2343

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i WANT TO KNOW WHAT IS THE INTEREST RATE IF WE CAN NOT PAY THE DEPOSIT SALE TAX AMOUNT WITH IN PERIOD

1877

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