Hi all,

i have one query regarding stock
i am using tally 9

suppose purchase is 100 mt @ 1250 Rs/Mt total amount is Rs.125000.

i am giving this 100 mt for cleaning process, after cleaning process i am getting 90 mt as finish goods.

can any body tell me what would be finish goods value and what would be cleaning loss amount.

please also tell me which entry to pass in tally and how.

thanks in advance for your co-operation.
hemant

SIR IN THE CURRENT SCENARIO OF ECONOMIC DOWNTURN IS THE PROFESSION OF A CA A SAFE ONE?WHAT ARE THE BEST SUBJECTS TO STUDY IN POST GRADUATION ALONG WITH CA?

subject has done job in a ltd from apr 08 to mid jul 09.but not got the clearance from employer

Again joined another company in sep 08 worked for 25 days & left without taking salary

now in mar 08 joined another company & told them that he was working from sept onwards in previous company.

now he has to give his previous salary details to preseny employer for tax calculation & return filing.

I want to ask that

1. It will be legal that he will give tax without earnings.

2. If he will need any document from both previous employers or simply tax will be calculated on the basis of what he will ask them that he has taken so much salary.

3. He had not provided rent slips to previous employers, will he get HRA assumption.

4. PF no. of previous employers will be required or not?

Hi,

For non filing of return, according to sec 271F there is a penalty of Rs. 5000 /-, but I have heard that the same has not been levied on any one inspite of late filing of returns.

Please confirm if i am correct & let me know if the ITO needs to take any prior permission before levying the same.

Thanks
Altaf

Hi,

I have received a notice u/s 142 (1) to prepare a true & correct return & submit it to ITO on a date mentioned & attend hearing for the same.

I do not have the acknowlegdment copy of IT Returns due to which I feel I have missed out filing for that year. Is there any other way I can ascertain whether I had filed the return or not.

Notice is issued on 26th Feb 2009 u/s 142 (1) for f.y. 2005-06, is it time barred.

Secondly, i heard that returns can be filed till for only last 2 years. So can I file the return for Fy 2005-06 now if i haver not filed before.

hi all
i havv a question if any body can answered pls reply
Q. if some one has business loss and he want to set off and carry forward for next year he has to file before 30th september and if he dont file the loss would be dead and in case of privious caarry forward loss what is the procedure can he setoff te loss if e dont file?
regards and thanks
kapil jain
mba (finance and marketing)

HELLO FRNDS
WHAT IS THE EXACT PROCEDURE FOR APPLYIN DIN (DIRECTOR'S IDENTIFICATION NUMBER)????WHICH FORM TO BE FILLED IN???
PL LET ME KNOW

THANKS IN ANTICIPATION

REGARDS
SANGITA

HI FRNNDS,,,
my client opted for mediclaim from New India Assurance. But when saw d receipt, in dat the perion was from 19-02-2008 to 19-08-2009. Can my client claim deduction u/s 80D for the Financial Year 2007-2008???
pl clarify as early as possible.

Awaiting for ur reply.

Regards
Sangita.