if creditors ask me balance bill due cash deposit my C.B.S A/C.Supose that bill due amount 150000/- & I deposit 120000/- deposit his C.B.S.A/C
1- Accounting entry in the book of purchaser

2- effect in income tax

if creditors ask me balance bill due cash deposit my C.B.S A/C.Supose that bill due amount 150000/- & I deposit 120000/- deposit his C.B.S.A/C
1- Accounting entry in the book of purchaser

2- effect in income tax

what does commitment charges on borrowing means as per AS-16.

Hi to all,

Here is a company having inter company loan of Rs 15 crore.Will it come under the tier I company as per AS.And this comapny is having Subsidiaries AS 21 IS compulsory?

Suppose a person did not deduct tax at source for a contract two months ago and we want to make an entry for it in accounts for it now. What will be it?

Can a Private Limited Company pay Interest on Share Application Money

Please tell what should be the treatment of deferred tax in a loss making concern.

The Company has changed the method of Depreciation, the depreciation is now recalculated with the new method from the date the asset was put to use . Now my querry is that:
a) whether the diff in the amount of Depreciation due to the old and new method should be shown below the line or above the line .
b)whether the diff will be considered for calculating the book profit I.e if the diff is shown above the line then whether we have to add back or deduct as the case may be from the Net Profit or Not.
c) In Calculating the Book profit, if the company has brought forward Business loss and unabsorbed depreciation, whether the lower of the business loss and unabsorbed depreciation will be deducted from the net profit for calculating the Book Profit.

Hi,
A friend of mine has recently come from abroad and is starting a company here. His revenue source will be in form of Foreign Exchange.
I wanna know what are the steps to comply with the FEMA Act and Regulations from Step 1 i.e; the registration precodeure etc. I am new in to field and hence would like the experts to help me.

Regards,
Bajaj

hi,
i had completed my pe2 in may08, now iwant 2 go through article ship/Apprenticeship but i don't know the main difference b/w them.so ,plz friends help me about d same. AND
how would be d same [articleship/Apprenticeship] to become a good experience&professional. i.e., what should we have 2 do right through this d same& wht r d different approaches 2 face & succeed dis.
so, plz help me d same ***no body is der 2 tel me about dis sothat im grateful 2 u.i need it very urgent bcoz i want 2 join as early as possible.