suppose we lost goods worth Rs.10000/- due to fire/accident, if we receive only Rs.6000/- from insurance co. how to journlise this entries.

I filling a return of a vegetable seller whose yearly profit is arount 1 lac, is it necessary to maintain all the record

DEAR ALL,

TRADING STOCK & FIXED ASSETS ARE LOST BY FIRE. CLAIM IS FILED AGAINST IT.
QTY VALE
TRADING STOCK 1500KG 150000
COMPUTER 1 WDV 1000
CLAIM FILED FOR 150000 PLUS 20000 FOR NEW COMPUTER.
WHAT IS TREATMENT OF ENTRY.
PLZ EXPLAIN IN DETAIL.

Dear All,
What are the conditions to be fulfilled for presenting Additional Evidence once the assessment is concluded???
What are the chance of acceptance of the new evidence presented??

DEAR ALL,

TRADING STOCK & FIXED ASSETS ARE LOST BY FIRE. CLAIM IS FILED AGAINST IT.
QTY VALE
TRADING STOCK 1500KG 150000
COMPUTER 1 WDV 1000
CLAIM FILED FOR 150000 PLUS 20000 FOR NEW COMPUTER.
WHAT IS TREATMENT OF ENTRY.
PLZ EXPLAIN IN DETAIL.

Hi ,

Under the PCC scheme, when do I get eligibity for CA final? From when does the articleship term of 18 months is counted? Is it from the date I get eligibity for PCC exam or after I get through the PCC exam?

Regards,
SRAVANI P

sirs,

what is industrial traning?

what type of knowledge do we gain by undergoing such taning?

Can anyone help me out in a doubt relating to the above subject.

Q: Turnover for FY 2007- 08 - 700000
Total receipts in 07-08
(a)in respect of bills raised
in 07-08 - 650000
(b)advance received in respect
of service to be rendered in
Fy 08-09 - 400000
--------
Total receipts - 1050000
--------
The business was commenced on 31st Jan, 2007.
My queries are:
(i)Can i claim general exemption upto Rs. 800000 receipts, given to small service providers as my turover in 07-08 is less than Rs.800000?

(ii)Should I pay service tax on receipts exceeding Rs 800000 i.e on Rs.250000 which constitutes my advance receipts?

(iii)As my turnover is less than Rs.800000 in 07-08 can i get general exemption of Rs.1000000 in FY 08-09?

(iv)Finally what are the consequences if I am not registered in FY 07-08?

I would be grateful if any one provide me with the answers for the above queries as soon as possible.

Thanks in advance

Regards,
SRAVANI P

sirs,

what is industrial traning?

what type of knowledge do we gain by undergoing such taning?

i have got one bill on that company has charged the excise duty, CST and service tax.

i have doubt on service tax part that on excise invoice if sales tax is already charged then why service tax also.