Dear all
Journal entry for discount received is

Party(Creditors) A/c Dr.

To Discount Received A/c

Creditors account is a personal A/c, Personal A/c's principle says
"Debit the receiver, Credit the giver"
Now My question is Why we are debiting the parties A/c?(as per the principle why we are not crediting the same)

Regards
Ravikumar r c
Email:ravikumarrc@gmail.com

is sub-lease is under purview of service tax? please clarify .thanks in advance

I am a guy studying ICWA on trivandrum chapter. I cant get any notes or study materials on costing. How and Where can I get these study materials?

1).what is the maximum no of directors in (p) & Public LTD Companies?
2.)my friend is an insurance agent and he is having PAN no and filing his return of income in insurance agent status and he is doing CA and he is qualified for CA but as per CA institute Rules CA should not do any other job other than CA as full time practice my question is
a) can he surrendre the PAN of insurance agent ?
b) can he apply for new PAN as a CHARTERED ACCOUNTANT ?
3).My grand father bought US-64 6.6% tax free bond in 1990 at present i afford to sell such entire bond weather there will be capital gain or not? since it is given Tax free bond.

i am a ca final student pursuing my articleship in mumbai from last 5 months
i want to go to indore for my coaching and i am planning to take dummy articleship so that i can prepare for my examination for 1st attempt clearance
will it good

whether the temperory loans taken from financial institutions or NBFCs are count as loans taken from company's bankers as per section 293(1)d of the companies act 1956 or not?

my company is a packers and movers company. if i had collected excess service tax from the client for example as per service tax act the bill amount is 100 and service tax rate is 3.09% but i charged to client 12.36% .

so what will be the treatment of the excess charged s.t.

should i revised the bill

should i refund the excess s.t. to client

should i pay to income tax department

one person has purchased shares in form of physical cerficates.He sees that those companies are now being traded n wents for dematralisation of cerficates.

he sales the shares now in jan 2008, what will be tax implication?

Even tell me what date we should consider either cerficates date or dematralisation date in case of calculating LTCG or STCG?

Regards,
Vikram Ranka

My Question is as below

a private limited company was incorporated in feb 2007. so what will be the due dates for filling annual returns.

Hi All

I am going to appear for ICWA stage 2 in inter, Can i opt new syllabus for Stage 2?

Can anybody help me out this, i need prepare accordingly ASAP.

Regards
Naveen