Answer / anubhavbansal2002

SPOT rate means rate prevallng on the date of purchase of a
fixed asset or incuring any long term liability.

Actually we had Posted P.V.C bills to Indian Railway the total bills amount is Rs.10,00,000/-, and government had passed only Rs. 8,00,000/- and gov. had said that there are no more P.V.c bills are lying outstanding in their a/c, so for now are claiming Rs. 2,00,000/- as loss on sale, i m totally confused what would be the impact on the Profit and loss a/c , and in which group it will come,if I do a entry of:- dr. Central sale @12.5% a/c Rs.2,00,00/- Cr. Loss on sale a/c Rs.2,00,000/- or Will i adjust the Cst@12.5% on Pricipal Value, or will i pass on the entry on total amount i.e Rs.2,00,00/- Plz guide,me soon.

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EXPAND___________NAA

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expand A C T O

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HELLO SIR, I WANT TO ASK REGARDING PROFESSION TAX OF INDIVIDVAL IF ASSESEE DOING TWO SEPARATE BUSINESS ON SAME PAN CARD, THEN HE IS LIABLE TO PAY PROFSSION TAX ON EACH BUSINESS/ENTITY Rs 2500/- PLS REPLY

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