Respected Sir, Im Supratim Ghosh from kolkata. I have a problem regarding following question. I want to know the right journal entry and the process of diminishing balance method

Q) A company bought machinery for Rs. 10000 and depreciation rate is 10%.. Financial year is 1st Jan. to 31st Dec. Above same machinery has been sold at Rs. 5000 on 31st march 2011. This machinery was purchased on 1 Jan. 2010. Depreciation rate is 10% and it is charged with diminishing balance method.
Sir pl give me the ans as soon as possible
Regards Supratim Ghosh

A RWA collects rs 2000 per month from all falt owners in the society and rs 5000 per year. Total flat in the society 150.
collection approx 43.50 lacs.
If service tax exemption is applicable to this RWA. As earlier rs/ 3000 per month was exempt under a notification of 2007.
But now all service are taxable except negative list or srevice covered in mega exemption. can anyone clarify if it covers under negative list or mega exemption. or previous exemption notifiction is still applicable.

IF I AM A COMPOSITION DEALER FOR F.Y 2012-2013 & MY TURNOVER IS ABOVE 50 LAKHS IN THAT CASE WHEATHER I WILL AUTOMOTICALLY GET CONVERTED INTO NORMAL DEALER OR I WILL HAVE TO MAKE AN APPLICATION FOR THAT?? RPLY ME SOON

A person estimates 20% increase in revenue & accordingly he also expects 20% increase in expenses. This needs to be submitted to bankers for loan purpose. Can we attest this as a CA. What will be our responsibilities. What disclaimer we can add to this attestation.

Sir,
i have newly register Maharashtra VAT number w.e.f.30/03/2013, number got on 7/5/2013. what is my 1st MVAT return period ("4th Qrt 2012-13" or "1st Qrt 2013-14")
Please suggest me.

SIR,IN CASE OF PURCHASES INSTEAD OF FIRSTLY DEBIT TO GOODS IN TRANSIT A/C AND CREDIT TO SUPPLIER A/C AND THEREAFTER DEBIT TO PURCHASE A/C AND CREDIT TO GOODS IN TRANSIT ACCOUNT IF WE DIRECTLY PASS THE ENTRY AS
PURCHASE A/C DEBIT AND SUPPLIER A/C CREDIT
IS IT ALLOWABLE ? IF NOT PLEASE GUIDE ME ACCORDINGLY

Hi,

I paid advance tax of my company online, but couldn't download the challan. How can I download the chalan later when tax is paid?

Respected Sir/Mam,
I have a query regarding section 64(ii)(1A)(a)
In this section "manual work done by him" word is used, My query is what is the meaning of manual work done by him and is it about a minor boy only or minor girl is also covered.
please resolve my this query as soon as possible.
Please do the needful and oblige.

I am currently working in one of the private company in pune from last 7 months. but i want to make a career in banking sector. i have an offer from HDFC bank ass manager credit. they are offering 6 lacs. But salary is not the issue problem is it is HOME LOAN credit. is this good department to stat my career in banking? because I have heard that their is no use of our CA skills in home loan and I should try for corporate or at least SME loans. what should I do?? should i join it?

A hotel lets out a portion of its building to a person for commercial use and collects a fixed monthly rental for premises and fixed monthly charges for use of electricity. Is service tax applicable on the electricity charges received?