Dear Member,
I am working with Service Indusrty.
We are having 20 branches in Mumbai Region.
In case if we closed one branch & fixed assets pertaining to that branch transfer to another existing/new branch.
What entry in Tally & What correction in Fixed Asset Register, i am supoose to do?
Please reply urgent.
hi,
Professional Tax has been deducted from the employees and paid to the Dept. But the cheque paid has not been presented by the Dept n it has become stale. Now what can be done? If we reverse the payment Professional Tax will show Cr. Balance.
Hi!
plz explain by example to deferred tax liability or assets.
thanks
Mohit
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The following informaion is given:
Income from continuing operations before extra-ordinary items and tax: Rs. 13 Lacs
Tax Rate @ 30%
Extraordinary loss ( Net of tax) Rs. 3 Lacs
My query is whether Rs.3 Lacs extraordinary loss has to be deducted from Rs.13 Lacs and tax has to be calculated on the remaining Rs. 10 Lacs? Kindly advice.
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