here one of our transporter who is rugularly delivered material from Our works to TML.We deduct TDS @2.266% from his bill.But we came to know that from October there are some chage in TDS Rates.

Please would you help me on which rate we deduct tds

Regards,
N.RAMESH

Dear Experts

This is with regard to a partnership firm which is already established. They are starting a new project for which estimates are made for preoperative expense (Upfront fee, Interest during construction etc..) The project financials were made for the purpose of term loans.
The treatment shown in the financials :
- The preliminary expense was amortised over a period of 5 years and shown in the P&L account. The unwritten off portion of the preliminary expense was shown in the asset side of the balance sheet.
But, the bank disagrees with this:
The reason : In ur case u have already formed the partnership wherein u may not be in a position to take up the TL upfront fees and interest on the TL during construction/modification/ renovation. These items are required to be charged to ur P & L only. pls recalculate the CMA data after charging these items to the P & L only.


Dear experts, Can you provide light on what can be done now? Is it allowable in the balance sheet or not?

If not, how can the accounting be complete? and Will it not inflate the other assets?

Kindly provide some light on this - my email umahcc@gmail.com
Thanks a ton

Uma

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Sir
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hiiii...
can anybody send me the IMP questions for CA-PCC for all the subjects on my email id?

my Email ID is chaitanyatrivedi05@yahoo.co.in

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How should this assignment of contracts be structured? Will any provisions of the IT Act be attracted?

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Respected Experts
Is it mandatory for every co that all the cos meetings & its resolutions are to be intended to ROC
Thanks
Debashis