Answer / rupesh

The purpose of deduction of tax at source is to bring more persons in to net of income tax. The rules for income tax deduction at source have been framed in such a manner so that tax evasion can be controlled. However, if the income of any person is not taxable and the tax has been deducted at source, he can claim for refund against the tax deducted at source from income tax department after filing the annual income tax return.

how to give the jv for the following transation eg',Our Comapny Name U2 1.cheque recd from customers of Associate Comapany (U1 Ltd):575 on U2(Our company Name).we deposited that cheque in our bank a/c. 2.U1 debited U2 for 575/- passing 1 jv like Due from U2(Our comapnY) dr 575 To collection from Customers cr 575. now how can I recognise both entries and how can i reconsile my BRS... This Receipt is not belongs to U2

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Answered but misspelled pl correct ADMINISTRATIVE OVERHEADS -GROSS PROFIT=(ANS.SSOL)

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What is NPV? What is IRR? What is the difference between NPV and IRR method? Which and why among NPV and IRR do you think is more appropriate technique in capital budgeting?

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Sir,I want to be good in accounting .Now i have got an oppurtunity to work in accounts department but i am average in accounts.So how can i improve and work with effiency guide me with ur tips.

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i work in business and developer office i have some accounts book saving account how to and where i prepare the brs please help where i can start brs process

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