Answer / venkee

It's not a charge like installation charges or something
which covers replacement of non guarantee items in a
contract. Therefore its similar to Repairs and maintenance
and this need to be treated as expenditure in P&L account

Answer / sankeerthana

It is an expenditure.So the entry should be

Annual Maintenance charges A/c Dr
To Cash or Bank or Service provider

Answer / guest

annual maintenance service paid amount is the amount paid
in advance that's why we show this as prepaid exp. ... and
debited on each month of the year......

Ho to calculate FBT ? Which Exepense heads are comes under the category of FBT ? What is th e slab or rate ?

11 Answers   Ambe Consultancy, Infosys, OPI Global, TCS,

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I am register delear in Maharashtra state, I sold pulses to a register delear in Andrapradesh state. In Andra state tax is applicable on pulses, but in Maharashtra pulses are tax free, So I have to take "c" form from buyer party or not ?

1 Answers  

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Under which head depreciation will come?

4 Answers   OPI Global,

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CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?

0 Answers   Ernst Young,

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I am an registered dealer in Rajasthan State, and I am selling goods out of Rajasthan to a registered/unregistered dealer without 'c' form. What cst will be charged on it?

6 Answers   Anita Plastics,

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WHAT WE HAVE TO IF WE MAKE A BILL 5% CST IN PLACE OF 2% CST AND DIPOSIT THE TAX

2 Answers  

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IF WE PAY AUDITOR FEE FOR INCORPORATION WORK THEN UNDER WHAT GROUP IT COMES IN TALLY. 2. any other audit fee we paid suppose at the time of financal report preparing then it will comes at the same group or any other

1 Answers  

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housing loan principal upto 1 lac is exempted from tax is it diffrent from exemption u/s 80c

1 Answers  

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As I am an Individual person doing jobwork with a company name x. After doing jobwork I am going to sale the shoes in local market. Please tell what is the tax % I have to take. Whether 4% or 12.5%.

2 Answers  

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how to caluclate the mumbai tax with example? what is mean by credit and debit ?

0 Answers  

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if we have amc any vendor 25,000 pa. should we deduct TDS

2 Answers   MAHINDRA,

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On which amount Work contract tax (wct) is to be calculated - on the labour part, on material cost or on aggregate cost (labour + material)?

3 Answers   Insurance,

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