Project on Tally.ERP9

1

CCOUNTING

The art of recording classifying and summarizing in a significant manner and in terms of money transaction and events which are in part at least of financial character and interpreting the result thereof

The financial statements that summarize a large companys operations financial position and cash flows over a particular period are a concise summary of hundreds of thousands of financial transactions it may have entered into over this period

2

F eatures of A ccounting

Recording

Accounting is the art of recording of transactions Only business relative transactions are recorded in which money is mentioned All transactions are recorded in detail Both journal and subsidiary books are used for this

Classifying Accountingrsquos main feature is also classifying all business transactions Accounting makes group of all similar accounting entries in one place For example all receipt and payment will be shown in cash book So all transactions are collected under one common head

Summarizing Summarizing is the art of showing business results in summarize form After this it can use for all the interested parties This feature tells about to financial statement One is Trading and profit and loss account and other is Balance Sheet

Interpreting By interpreting we can know whether the position of profitability is good or bad By knowing this we can estimate businessrsquos performance

Recording classiyfing summerizing interpreting

3

ACCOUNTING STANDARDS

1 Disclosure of accounting policies 2 Valuation Of Inventories

3 Cash Flow Statements 4 Contingencies and events Occurring after the Balance sheet Date

5 Net Profit or loss for the period Prior period items and Changes in accounting Policies 6 Depreciation accounting

7 Construction Contracts 8 Revenue Recognition

9 Accounting For Fixed Assets 10The Effect of Changes in Foreign Exchange Rates

11Accounting For Government Grants 12Accounting For Investments

13Accounting For Amalgamation 14Employee Benefits

15Borrowing Cost 16Segment Reporting

17Related Party Disclosures 18Accounting For Leases

19Earnings per Share 20Consolidated Financial Statement

4

21Accounting For Taxes on Income22Accounting for Investment in

associates in Consolidated Financial Statement

23Discontinuing Operation24 Interim Financial Reporting

25 Intangible assets 26Financial Reporting on Interest in joint Ventures

27 Impairment Of assets 28Provisions Contingent liabilities and Contingent assets

29Financial instrument30Financial Instrument presentation

31Financial Instruments Disclosures and Limited revision to accounting standards

5

A ccounting C ycle Accounting cycle is a sequence of accounting procedure which is used to record classify and summarize the business transactions

Source document A source document refers to include any document that is received and issued against any business transactions

Recording transactions in journalThe first step of accounting cycle the any type of business transactions

occurred is entered in the journal

Post to ledger accountsAfter recording the transactions in journal the debit and credit entries in

account balances are posted from journal to ledger

Preparing trial balanceA trial balance proves and authenticates the equality of debit and credit

entries in the ledger

Preparation of financial statement It is used to prepare final ac through trading and profit amp loss ac

And balance sheet

Source Document

Journal

LedgerTrail balance

Balance sheet

6

T

F undamentals of TallyERP 9 Introduction

TallyERP 9 is the worlds fastest and most powerful concurrent Multi-lingual business Accounting and Inventory Management software TallyERP 9 designed exclusively to meet the needs of small and medium businesses is a fully integrated affordable and highly reliable software TallyERP 9 is easy to buy quick to install and easy to learn and use TallyERP 9 is designed to automate and integrate all your business operations

Salient Features of TallyERP 9

A leading accounting package The first version of Tally was released in 1988 and through continuous development is now recognised as one of the leading accounting packages across the world with over a quarter million customers Tallyrsquos market share is more than 90

No accounting codes Unlike other computerised accounting packages which require numeric codes TallyERP 9 pioneered the lsquono accounting codesrsquo concept TallyERP 9 users have the freedom to allocate meaningful names in plain English to their data items in the system

7

Complete business solution TallyERP 9 provides a comprehensive solution to the accounting and inventory needs of a business It also has various tools to extract interpret and present data

Integrated Non-integrated accounting and inventory With TallyERP 9 the user is able to choose between accounting and accounting with inventory

Flexible and easy to use TallyERP 9 is very flexible TallyERP 9 users need not change the way their business is run to adapt to the package

Speed TallyERP 9 provides the capability to generate instant and accurate reports which assists the management to take timely and correct decisions for the overall productivity and growth of the company

Power TallyERP 9 allows the user to maintain multiple companies and with unlimited levels of classification and grouping capabilities It also allows drill downfacility from report level to transaction level

Flexibility TallyERP 9 provides flexiblity to generate instant reports for any given period (monthyear) or at any point of time besides providing the facility to toggle between Accounting amp Inventory reports of the same company or between companies

Concurrent multi-lingual capability TallyERP 9 offers you the exclusive capability of maintaining your accounts in any Indian language viewing them in another language and printing them in yet another Indian language

Real time processing Immediate posting amp updation of books of accounts as soon as the transactions are entered thereby facilitating instant statements amp Reports It also faciliaties real-time multi-user environment

8

Versatility TallyERP 9 is suitable for a range of organisations from small grocery stores to large corporations with international locations and operations

Multi-platform availability TallyERP 9 is available on Windows 95 98 ME 2000 and NT It runs on a single PC or on a network

Online Help The TallyERP 9 Online Help (Alt+H) provides instant assistance on basic and advanced features or any other relevant topics of TallyERP 9

TallyNET is an enabling framework which establishes a connection through which the remote user can access the Clients data without copying transferring the data

Remote Access TallyERP 9 provides remote capabilities to access the data from any-where and any time

Support Centre allows a user to directly post his support queries on the functional and technical aspects of the Product

9

T echnology Advantages

Simple and rapid installation The user can install the program files on any drive if the hard disk has partitions The user can also specify the name and directory location of the program files TallyERP 9 uses minimum hard disk space in the local drive Its installation on the local disk takes just a few seconds

Unlimited multi-user support A multi-user version of TallyERP 9 can be installed on a network having any number of computers with different operating systems such as Win 95 98 NT 2000 XP and Linux

Internal backup restore TallyERP 9 has an in-built user-friendly lsquobackup and restorersquo option It helps the user to take a backup of one or more companies or all companies in a single directory in the local hard disk or in any external media

Data reliability TallyERP 9 is robust and even if there is a power failure or the computer is incorrectly shut down data is not lost TallyERP 9 uses signalling quality data integrity checks at regular levels to ensure the complete reliability of data

User-defined security levels TallyERP 9 offers high levels of security Users can define multiple levels of security according to their requirements Every authorised user in the company can have an individual password with rights to use specific features only

10

Data security TallyERP 9rsquos data integrity checks ensure that there are no external changes to the data TallyERP 9 also uses a binary encoding format of storage to prevent devious grouping of information

Tally audit The TallyERP 9 audit feature provides the user with administrator rights and the capability to check the entries made by the authorised users and alter these entries if necessary

TallyVault TallyERP 9 offers a data encryption option called TallyVault Without the valid TallyVault password the data cannot be accessed TallyERP 9 follows the DES (Data Encryption Standard) encryption method to safeguard the data

Multi-directory for company management The user can create multiple directories to store data The data stored in these directories can be accessed directly in TallyERP 9 by specifying the path

Import Export of data Any transaction can be exported and imported to other software after suitably altering the current structures to accept the TallyERP 9 data structure Data can also be imported to TallyERP 9 by writing a TDL program The data which is to be exported from TallyERP 9 can be in XML HTML or ASCII format

TallyERP 9 Synchronization Synchronization is the process of exchanging TallyERP 9 data between two or more locations This process enables a branch office to send its data to the head office over the Internet or a private network

ODBC (Open Database Connectivity) compliance It allows other programs to use data from TallyERP 9 directly Thus any program such as MS-Excel or Oracle which is ODBC compliant can use data from TallyERP 9

11

Direct web browser access While working on TallyERP 9 the user can directly log on to the Tally website provided he she has access to the Internet The website lists details of all the facilities offered by TallyERP 9

Ability to preview and publish reports and documents on the Internet Companies which want to publish reports and price lists on their website can do so directly from TallyERP 9

Dagger E-mail Facility TallyERP 9 facilitates the mailing of any TallyERP 9 report or document

Multilingual capability Tally is the worlds first accounting and inventory software with multilingual capability It provide us to maintain accounting records in 12 different languages in india

12

What is VAT (value added tax)

Value added tax (VAT) is an indirect tax on goods vat is imposed only on the amount of value addition It is a multi-point tax levied as a proportion of value addition where the tax burden can be shifted from one person to another person till the ultimate consumer can consume the goods

VAT RATES

bull 0 on (Exempted Goods) Agriculture products Cotton and silk yarn Curd and Butter Milk National Flag Salt

bull 1 for Jewellery Bullion and Specie Precious and Semi-precious stones

bull 4 for Pharmacy Computers Soaps etc

bull 125 for FMCG Automobile

V

13

V AT Terminology

INPUT TAX

bull Input Tax is the Tax shown in our purchase bills bull Apart from Trade Purchases Tax on Capital Goods purchases like AC

Computers etc is also considered for this Input Tax

OUTPUT TAX

bull Output Tax is the Tax charged on all the Taxable sales of a Vat Dealer For Ex Tax shown as Output Tax and it becomes Input Tax for our customer

Types of Dealers

bull Registered Dealers

A dealer whose gross annual turnover is above the VAT threshold limit is required to register under VAT This is mandatory A new dealer will be allowed 30 days time from the date of liability to get registered A VAT registered dealer will be eligible for input tax credit

14

bull Unregistered Dealers A dealer whose annual turnover is less than Rs5 lakhs is an Unregistered

Dealer and has been granted the status of a Consumer So the VAT paid by an Unregistered Dealer is treated as his cost and is charged no further VAT on his sale

bull Composite Dealers Dealers with an annual gross turnover not exceeding a prescribed limit (eg Rs 50 lakh can opt for a composition scheme with a payment of tax at a small percentage of gross turnover Dealers are not entitled to input tax credit and required to submit vat returns in a separate format

15

TDS (TAX DEDUCTED AT SOURCE)

Introduction TDS means Tax Deducted at Source The concept of TDS was introduced in the Income Tax Act 1961 with the objective of deducting the tax on an income at the source of income It is one of the methods of collecting Income Tax which ensures regular flow of income to the Government

TDS Processbull A seller (Deductee) provides services to the buyer (Deducator) bull The buyer deducts the Tax at the time of payment of advances or while accounting the

Bills received bull The buyer deposits the deducted amount to the designated branches of the

authorized bankbull The buyer files annual returns electronically to the Income Tax department

TDS

16

TDS Features in TallyERP 9

TallyERP 9rsquos TDS Feature enables you to handle all the functional accounting and statutory requirements of your business in an accurate and simplified manner The TDS functionality in TallyERP 9 has the following features

bull Simple and user-friendlybull Quick and easy to set up and use bull Create single Expenses Ledger for Multiple Nature of Paymentbull Create single TDS Duty Ledger for Multiple Nature of Payment bull Book amp Deduct TDS in the same voucherbull Single TDS deduction for multiple vouchers bull Single TDS deduction for Multiple Nature of Payments bull TDS deduction on partial applicable valuebull Retrospective Surcharge Deduction bull Party wise configuration for Lower Zero rate bull Deduction of TDS on advance payments bull TDS deduction on Non-Resident (Sec195) payments bull Reversal of TDS bull Print TDS Challan (ITNS 281) bull Print Form 16A bull Generate E-TDS Returnsbull Print Form 27A bull Print Form 26 26Q 27 27Q with Annexure(s) bull TDS Computation Report 1048711 Generate TDS Outstanding and TDS Exception Reports

17

What is P ayroll The term Payroll refers to a series of accounting transactions involved in the process of paying employees for the services rendered after taking all the statutory and non-statutory deductions into account in conformance with the terms of employment company policy and the law of the land ie payment of payroll taxes insurance premiums employee benefits and other deductions

Salient Features of Payroll in TallyERP 9

The key features of the Payroll functionality in TallyERP 9 are as follows It is fully integrated with accounts to give you the benefits of simplified Payroll

processing and accounting It has user defined classifications and sub-classifications for comprehensive

reporting This may be related to the employees employee groups pay components departments etc

It provides the facility to create user-defined earnings and deductions Pay Heads

P

18

It allows flexible and User-definable criteria for simple or complex calculations It allows unlimited grouping of Payroll Masters It provides a flexible payroll processing period It provides comprehensive Cost Centre as well as employee-wise costing

reports It ensures an accurate amp timely Salary Processing Employee Statutory

Deductions amp Employer Statutory Contributions with the help of predefined processes

It provides auto-fill facility to expedite the Attendance Payroll amp Employer Contributions processes

It facilitates an accurate computation and deduction of ESI EPF Professional Tax Gratuity etc

It helps in the generation of Statutory Forms amp Challans for EPF amp ESI as prescribed

It allows to drill-down to voucher level for any kind of alteration It facilitates computation of arrears pertaining to prior period(s) It helps in tracking employee loan details

19

P ayroll Process

The Payroll feature in TallyERP 9 requires minimal effort for accurate payroll processing It takes five easy steps to process payroll amp generate Pay Slip in TallyERP 9

Essentially Payroll involves the calculation of amounts due for an employee on the following basis

Employee Masters Payroll Masters Pay Heads Salary

SERVICE TAX

20

Introduction

Service Tax is a destination based consumption tax in the form of Value Added Tax Service Tax is an indirect tax imposed on specified services (taxable services) provided by a service provider (Company Individual Firm etc)

Service Tax was first brought into force with effect from 1 July 1994 All service providers in India except those in the state of Jammu and Kashmir are required to pay a Service Tax in India

Scope amp Applicability

Initially Service Tax was chargeable on Realization basis ie receipt of the consideration for the services provided to be provided (advance receipts) With effect from 1 April 2011 the Point of Taxation Rule was introduced for effective collection of Service Tax

According to this rule point of taxation shall be on the ndash

bull Date of Issue of Invoicebull Date of receipt of Payment whichever is earlier

The liability of tax is on the service provider (in some cases service receiver) ie person who is providing the service is liable to pay tax to the Government

SERVICE TAX

21

Registration

As per section 69 of the Finance Act 1994 every person liable for paying Service Tax has to register as set out in the rules

According to Rule 4 of the Service Tax Rules 1994 the following deals with the manner and time for registration

bull Application for registration to the concerned superintendent in form ST -1 within 30 days from the date on which Service Tax is levied or 30 days from the commencement of business providing a taxable service

bull Assessee providing Service from more than one Premises or Office has to make separate applications for each of such premises or offices

bull In case of transfer of business from a Registered Assessee to a new person the Transferee has to obtain a fresh Registration Certificate

bull Service Provider having multiple offices other than from where the services are provided and wants to distribute the input services and CENVAT credit thereon to another location which is liable for payment of Service Tax a separate Registration (in the manner as that of service provider) will be required for each such office

Charge of Service Tax As per Section 66 of Finance Act 1994 Service Tax is charged at 12 of the value of taxable services In addition to this 2 Education Cess and 1 Higher Education Cess is payable on taxable services Thus total Service Tax is 1236 and it will be collected in such manner as pre-scribed

22

Service Tax Features in TallyERP 9

TallyERP 9rsquos simple yet powerful Service Tax feature enables you to record transactions related to Service Tax with ease The Service Tax functionality in TallyERP9 has the following features

bull Simple and user-friendlybull Flexibility to have commonTax head specific tax ledger to account both Input

Credit and Output Taxbull Record Service Tax transactions in Journal Payment Purchase or Sales Voucherbull Service Tax Billing (for professionals) through Receipt Voucher and print Receipt -

Cum- Challanbull Record multiple services in a single voucherbull Account service bill Inclusive of Service Taxbull Account Services Partly Subject to Service Tax (Works Contract)bull Record Cash Purchases and Sales and print the invoice in the name of the partybull Manage Advance Receipts and adjust the advances towards the service billbull Record Import of services and calculate the Service Tax payablebull Record Exempt Export Pure Agent and services with Taxable Percentagebull Supports Service Tax Calculation at Lower Ratebull Manage Advance Service Tax payments to Government and adjust the tax payable bull towards the advancebull Support for Amount deducted as TDS on Services Received are considered as

realizedbull Supports Service Tax Calculation in Sales Purchase Ordersbull Supports Service Consideration Adjustments in Journal Vouchersbull Adjust Full Partial Service Tax input credit towards Service Tax payable bull Adjust CENVAT credit towards Service Tax payablebull Provision to Reverse the Utilized Input Creditbull Provision to account Service Tax Opening Balancebull Reversal of Service amount with Service Tax (before realization)

23

bull Record Rule 6(3) and 6(4A) Adjustmentsbull Provision to account the Refund of service Input Creditbull Facility to Print GAR 7 Challan bull Generate Service Tax Payables report based on Bill date wise or Receipt Date wisebull Separate Service Tax Payables report for Tax on Service Received and Import of

Servicesbull Track the Input Credit utilized before making the payment to the service providerbull Maintain Input Credit Summary reportbull Generate ST-3 Form - both physical and E-filing

Exemption from Service Tax

In some cases the Central government can grant exemption on Service Tax by issuing a notification us 93 of Finance Act 1944 The Service Tax Exemption provided may be

bull Partial or Total Service Taxbull Conditional or unconditional

Following are the general Exemptions from Service Tax

bull Small Service Providers (whose turnover is less than Ten Lakhs)bull Export of Servicesbull Service to UN Agenciesbull Services provided within Special Economic Zone (SEZ)bull Services provided to foreign diplomatic missions family members of

diplomatic missions etcbull Services provided by RBI bull Goods and materials supplied while provided services

24

Global enterprises started by Vinod Kumar to start his new business He wants to implement TallyERP 9 to record the financial transactions in Global Enterprises Record the following transactions in TallyERP 9

bull Create a company Global Enterprises in TallyERP 9

Go to Gateway of tally gt ALT+F3 gt Create Company

G lobal E nterprises

25

On 1-4-2010 Vinod Kumar started Global Enterprises by bringing capital of Rs 1500000 by Cheque and deposited the same amount into National bank by opening a new account

bull Create following Ledgers

Ledger UnderNational Bank Bank ACCapital Capital AC

Go to Gateway of tally gt Accounting voucher gt F6

Bank Ac Dr 1500000 To Capital Ac Cr 1500000

26

On 3-4-2010 Mr Vinod Kumar withdrew Rs 50000 Cheque for shop expenditure from National bank (Cheque no 123451)


Ledger UnderCash Cash ACNational Bank Bank AC


Cash Ac Dr 50000 To National Bank Ac Cr 50000

27

On 5-4-2010 Mr Vinod Kumar purchased furniture and fixtures worth Rs 150000 for the shop by Cheque (Cheque no 123452)


Ledger UnderFurniture amp fixture Fixed AssetsNational Bank Bank AC

Go to Gateway of tally gt Accounting voucher gt F

Furniture 7 fixture Ac Dr 150000 To National Bank Ac Cr 150000

28

On 6-4-2010 Mr Vinod Kumar rented a business at Rs 3500 per month He paid a security deposit of Rs 25000 by Cheque (Cheque no 123453)


Ledger UnderSecurity Deposit Current AssetsNational Bank Bank AC


Security Deposit Ac Dr 25000 To National Bank Ac Cr 25000

29

On 10-4-2010 Mr Vinod Kumar issued a Cheque to purchase following assets (Cheque no 123454)

Assets Cost(Rs) Rate of Depreciation

Cell phone 5500 15Computer 25000 60Electrical fitting 5000 10Motor vehicle 40000 15


Ledger UnderAssets Fixed AssetsNational Bank Bank AC


30

Enable payroll for Global Enterprises in TallyERP 9 with the following payroll statutory details

Provident fund

Company code KNBN789100801Company account group code KNBN789100801Company security code KNBN78910009 Employee state insurance

Company code ESI012584ESI branch code Magrath roadStandard working Days 26 Days

Go to Gateway of tally gt press F11 gt Statutory amp Taxation gt Enable following

bull Enable payroll statutory gt Yesbull SetAlter payroll statutory details gt Yes

31

bull On 12-4-2010 Mr Vinod Kumar hired the following people

Employee Name Designation Department Date of joining

Rahul Bhatt Sales exc Sales 5-4-2010Jairam Sengupta Salesman Sales 2-4-2010Shishir Mathur Accountant Accounts 5-4-2010Ajith V Nair Clerk Accounts 2-4-2010

Go to Gateway of tally gt payroll info gt Employees gt Create

32

bull On 20-4-2010 Mr Vinod Kumar purchased the following items from A2Z traders on credit

items Quantity Rs Value Input vat

Total Value

High capacity stabilizers 100 600 60000 125 67500


Ledger Under MaintainBalance bill-by-bill

A2Z traders Sundry creditors Yes

Ledger Under Inventory values are affected

Used in VAT returns

VATTax class

Pur125 Pur Ac Yes Yes Pur125

33

bull Create Stock item

item Under UnitsHigh capacity stabilizers Primary Nos

bull Entering Transaction


34



Total Value

Law capacity stabilizers 100 400 40000 125 45000Open well pumps 50 1500 75000 4 78000Submersible pumps 100 2000 200000 4 208000

Gross Total 331000



35

bull On 22-4-2010 Mr Vinod Kumar paid carriage inward expenses of Rs500 in cash on purchases made on 20-4-2010 and 21-4-2010


Ledger UnderCarriage inward Direct expensesCash Cash AC


Carriage inward Dr 500 To Cash Ac Cr 500

36

bull On 27-4-2010 Mr Vinod Kumar transferred Rs10000 to patty cash from cash to meet the day to day expenses


Ledger UnderPetty cash Current AcCash Cash AC


Petty cash Ac Dr 10000 To Cash Ac Cr 10000

37

bull On 28-4-2010 Mr Vinod Kumar withdrew Rs5000 in cash for personal use


Ledger UnderDrawings Capital AcCash Cash AC


Drawings Ac Dr 5000 To Cash Ac Cr 5000

38

bull On 30-4-2010 the attendance record of Global Enterprises displayed the following details

AttendanceProduction types

Rahul Bhatt Jairam sengupta

Shishir Mathur

Ajith V Nair

Present Days 22 21 20 20Overtime Hours 10 hrs - - -

Go to Gateway of tally gt payroll vouchers gt ctrl+F5 for attendance voucher

39

On 30-4-2010 Global Enterprises processes payroll for all the employees and entitled the following employees for variable pay The salaries were paid in cash

Particulars Rahul Bhatt Jairam sengupta

Shishir Mathur

Ajith V Nair

Variable Pay - 1000 - -

Go to Gateway of tally gt payroll vouchers gt ctrl+F4 for payroll voucher gt press Alt+A (payroll auto fill)

40

On 30-4-2010 Ms Global Enterprises processed provident fund contribution for the month of April 2010


41

On 30-4-2010 Global enterprises processed PF admin expenses for the month of April 2010

Go to Gateway of tally gt Accounting vouchers gt press F7 gt press Alt+A (other charges auto fill)

Select all Admin expenses


42

On 30-4-2010 Global Enterprises made the payment in respect of EPF EDLI Admin expenses EDLI contribution and PF Admin charges for the month of April 2010


Select PF challan in process list screen

Enter the PF payable amount the payment voucher appears as shown

43

On 30-4-2010 Global Enterprises processed employer ESI contribution for the month of April 2010


Select ESI contribution in process list screen

Press Enter to Accept and completed Employee ESI contribution

44

On 30-4-2010 Global Enterprises processed the payment of ESI for the month of April 2010


Select ESI challan from process list screen

Press Enter to Accept and Prefill the Employerrsquos ESI contribution amount for the eligible employees

45

On 30-4-2010 Ms Global Enterprises made payment of professional tax for the month of April 2010


Select Professional tax payment from process list screen

Press Enter to Accept and Prefill the Professional tax amount in the payment voucher

46

On 02-5-2010 Mr Vinod Kumar paid Rs2500 in cash for stationary printing invoices and vouchers to cannon traders


Ledger UnderStationary Indirect expensesCash Cash AC


Stationary Ac Dr 2500 To Cash Ac Cr 2500

47

On 06-5-2010 Mr Vinod Kumar paid Rs3500 by Cheque towards shop rent for April 2010 (Cheque no 123456)

Create following Ledgers

Ledger UnderShop rent Indirect expensesNational Bank Bank AC


Shop rent Ac Dr 3500 National Bank Ac Cr 3500

48

On 10-5-2010 Mr Vinod Kumar sold the following items for cash The details are as follow


Total Value

High capacity stabilizers 50 850 42500 125 47813Open well pumps 15 1700 25500 4 26520

Gross Total 74333

The above items are already created



49

On 28-5-2010 Mr Vinod Kumar withdrew Rs4000 in cash for personal use





50

On 29-5-2010 the company decided to provide maintenance service for submersible pumps Services were outsourced to prime tech services Ltd For witch an invoice of Rs7721- (inclusive of service charge Rs7000 service tax 10 Rs700 and education cess 2 on service tax Rs14 and sec education cess 1 Rs7 on service tax) was received


Ledger UnderPrime tech service Ltd Sundry CreditorsMaintenance service Purchase Ac Creating Duties amp Taxes Ledger Ledger Under Type of DutyTax Tax Head

Service Tax 10 Duties Taxes Service tax Service taxEdu cess 2 Duties Taxes Service tax Edu cessSec Edu cess 1 Duties Taxes Service tax Sec Edu cess


51

On 30-5-2010 paid Rs7721- by Cheque to prime tech services Ltd towards bill Dated 29-5-2010


Ledger UnderPrime tech service Ltd Sundry CreditorsNational Bank Bank AC


Prime tech service Ac Dr 4000 To National Bank Cr 4000

52

On 30-5-2010 raised an invoice on Ms Avantech associates for maintenance services for Rs44120- (inclusive of service charges of Rs40000 service tax 10 - Rs4000 2 cess ndash Rs80 and 1 cess ndash Rs40)


Ledger UnderMs Avantech Associates Sundry DebtorsMaintenance service Sales Ac


53

On 31-5-2010 received a cheque of Rs44120- from Ms Avantech associates towards the bill dates 30-5-2010


Ledger UnderMs Avantech associates Sundry DebtorsNational Bank Bank AC


National Bank Ac Dr 44120 To Ms Avantech associates Cr 44120

54

On 31-5-2010 the service tax input credit is adjusted against output service tax and service tax paid to the Government


55

On 31-5-2010 received an invoice for Rs21000 from Ramesh Kumar an service engineer for providing technical service in maintenance work


Ledger Under Inventory values

affected

Is TDS applicable

Default nature of payment

Adv Service Indirect exp No Yes Adv contractorLedger Under Type of

DutyTaxNature of Payment

TDS ON Adv Duties amp Taxes TDS Adv contractorLedger Under Maintain

balances bill-by-bill

Inventory values

affected

Is TDS Deductable

Deductee type

Ramesh Kumar Sundry Creditors Yes No Yes Company resident


56

On 31-5-2010 paid to Ramesh Kumar towards his invoice after deducting TDS Rs2100 from amount payable to him


Ledger UnderRamesh Kumar Sundry CreditorNational Bank Bank AC


Ramesh Kumar Ac Dr 18900 To National Bank Ac Cr 18900

57

On 31-5-2010 Rs2100 paid to Government Treasury towards TDS on fees for professional or technical services


Ledger UnderTDS on Adv Duties amp TaxesNational Bank Bank AC


TDS on Adv Dr 2100 To National Bank Ac Cr 2100

58




Shishir Mathur

Ajith V Nair

Present Days 26 25 26 23Overtime Hours 5 Hrs - - -


59



Shishir Mathur

Ajith V Nair

Variable Pay - - 1000 -


60

On 31-5-2010 Ms Global Enterprises processed provident fund contribution for the month of May 2010


61

On 31-5-2010 Global enterprises processed PF admin expenses for the month of May 2010




62

On 31-5-2010 Global Enterprises made the payment in respect of EPF EDLI Admin expenses EDLI contribution and PF Admin charges for the month of May 2010




63

On 31-5-2010 Global Enterprises processed employer ESI contribution for the month of May 2010




64

On 31-5-2010 Global Enterprises processed the payment of ESI for the month of May 2010




65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION

In this project I have done case study on Global Enterprises and I have passed all the transactions from the financial year 1-4-2010 to 31-3-2011 on the tally software with the guidance of our teacher Miss Vaishali Joshi She encourages and motivates us during this project In this project I have done all the statutory amp taxation configuration and setting of VAT Payroll TDS Service tax During payroll transactions I create employees and their departments then attendance of all the employees then create all the pay heads

In this project I have define how to create a company manage payroll how to maintain salary how to deduct taxes from salary how to manage sales and purchase transactions apply vat on purchase and sale apply service tax on different services journal transactions calculate tax deducted at source then create payroll reports and attach annexure reports with the project

81

Bibliography

The study material to complete this project is takes from the books provided us by the NIIT

The books are

bull Advanced accounting inventory and VAT Vol2bull Statutory Taxation and compliances Vol3bull Payroll Accounting in TallyERP 9 Vol4

The study material is also taken from different websites like

bull wwwgooglecom bull wwwslidesharecom bull wwwwikipediacom bull wwwTallyERP9com bull wwwtimesofindiacom bull wwwnsdlcom bull

2

F eatures of A ccounting

Recording

Accounting is the art of recording of transactions Only business relative transactions are recorded in which money is mentioned All transactions are recorded in detail Both journal and subsidiary books are used for this

Classifying Accountingrsquos main feature is also classifying all business transactions Accounting makes group of all similar accounting entries in one place For example all receipt and payment will be shown in cash book So all transactions are collected under one common head

Summarizing Summarizing is the art of showing business results in summarize form After this it can use for all the interested parties This feature tells about to financial statement One is Trading and profit and loss account and other is Balance Sheet

Interpreting By interpreting we can know whether the position of profitability is good or bad By knowing this we can estimate businessrsquos performance

Recording classiyfing summerizing interpreting

3












4








5










And balance sheet

Source Document

Journal

LedgerTrail balance

Balance sheet

6

T






7









8







9







10








11





12



VAT RATES





V

13

V AT Terminology

INPUT TAX



OUTPUT TAX


Types of Dealers



14




15






TDS

16




17







P

18








19

P ayroll Process




SERVICE TAX

20

Introduction








SERVICE TAX

21

Registration








22







23









24





25






26






27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




3












4








5










And balance sheet

Source Document

Journal

LedgerTrail balance

Balance sheet

6

T






7









8







9







10








11





12



VAT RATES





V

13

V AT Terminology

INPUT TAX



OUTPUT TAX


Types of Dealers



14




15






TDS

16




17







P

18








19

P ayroll Process




SERVICE TAX

20

Introduction








SERVICE TAX

21

Registration








22







23









24





25






26






27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




4








5










And balance sheet

Source Document

Journal

LedgerTrail balance

Balance sheet

6

T






7









8







9







10








11





12



VAT RATES





V

13

V AT Terminology

INPUT TAX



OUTPUT TAX


Types of Dealers



14




15






TDS

16




17







P

18








19

P ayroll Process




SERVICE TAX

20

Introduction








SERVICE TAX

21

Registration








22







23









24





25






26






27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




5










And balance sheet

Source Document

Journal

LedgerTrail balance

Balance sheet

6

T






7









8







9







10








11





12



VAT RATES





V

13

V AT Terminology

INPUT TAX



OUTPUT TAX


Types of Dealers



14




15






TDS

16




17







P

18








19

P ayroll Process




SERVICE TAX

20

Introduction








SERVICE TAX

21

Registration








22







23









24





25






26






27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




6

T






7









8







9







10








11





12



VAT RATES





V

13

V AT Terminology

INPUT TAX



OUTPUT TAX


Types of Dealers



14




15






TDS

16




17







P

18








19

P ayroll Process




SERVICE TAX

20

Introduction








SERVICE TAX

21

Registration








22







23









24





25






26






27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




7









8







9







10








11





12



VAT RATES





V

13

V AT Terminology

INPUT TAX



OUTPUT TAX


Types of Dealers



14




15






TDS

16




17







P

18








19

P ayroll Process




SERVICE TAX

20

Introduction








SERVICE TAX

21

Registration








22







23









24





25






26






27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




8







9







10








11





12



VAT RATES





V

13

V AT Terminology

INPUT TAX



OUTPUT TAX


Types of Dealers



14




15






TDS

16




17







P

18








19

P ayroll Process




SERVICE TAX

20

Introduction








SERVICE TAX

21

Registration








22







23









24





25






26






27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




9







10








11





12



VAT RATES





V

13

V AT Terminology

INPUT TAX



OUTPUT TAX


Types of Dealers



14




15






TDS

16




17







P

18








19

P ayroll Process




SERVICE TAX

20

Introduction








SERVICE TAX

21

Registration








22







23









24





25






26






27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




10








11





12



VAT RATES





V

13

V AT Terminology

INPUT TAX



OUTPUT TAX


Types of Dealers



14




15






TDS

16




17







P

18








19

P ayroll Process




SERVICE TAX

20

Introduction








SERVICE TAX

21

Registration








22







23









24





25






26






27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




11





12



VAT RATES





V

13

V AT Terminology

INPUT TAX



OUTPUT TAX


Types of Dealers



14




15






TDS

16




17







P

18








19

P ayroll Process




SERVICE TAX

20

Introduction








SERVICE TAX

21

Registration








22







23









24





25






26






27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




12



VAT RATES





V

13

V AT Terminology

INPUT TAX



OUTPUT TAX


Types of Dealers



14




15






TDS

16




17







P

18








19

P ayroll Process




SERVICE TAX

20

Introduction








SERVICE TAX

21

Registration








22







23









24





25






26






27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




13

V AT Terminology

INPUT TAX



OUTPUT TAX


Types of Dealers



14




15






TDS

16




17







P

18








19

P ayroll Process




SERVICE TAX

20

Introduction








SERVICE TAX

21

Registration








22







23









24





25






26






27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




14




15






TDS

16




17







P

18








19

P ayroll Process




SERVICE TAX

20

Introduction








SERVICE TAX

21

Registration








22







23









24





25






26






27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




15






TDS

16




17







P

18








19

P ayroll Process




SERVICE TAX

20

Introduction








SERVICE TAX

21

Registration








22







23









24





25






26






27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




16




17







P

18








19

P ayroll Process




SERVICE TAX

20

Introduction








SERVICE TAX

21

Registration








22







23









24





25






26






27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




17







P

18








19

P ayroll Process




SERVICE TAX

20

Introduction








SERVICE TAX

21

Registration








22







23









24





25






26






27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




18








19

P ayroll Process




SERVICE TAX

20

Introduction








SERVICE TAX

21

Registration








22







23









24





25






26






27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




19

P ayroll Process




SERVICE TAX

20

Introduction








SERVICE TAX

21

Registration








22







23









24





25






26






27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




20

Introduction








SERVICE TAX

21

Registration








22







23









24





25






26






27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




21

Registration








22







23









24





25






26






27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




22







23









24





25






26






27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




23









24





25






26






27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




24





25






26






27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




25






26






27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




26






27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




27






28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




28






29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




29







30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




30


Provident fund





31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




31





32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




32



Total Value






Used in VAT returns

VATTax class


33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




33





34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




34



Total Value


Gross Total 331000



35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




35






36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




36






37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




37






38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




38




Shishir Mathur

Ajith V Nair



39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




39



Shishir Mathur

Ajith V Nair



40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




40



41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




41





42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




42





43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




43





44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




44





45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




45





46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




46






47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




47






48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




48



Total Value


Gross Total 74333




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




49






50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




50






51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




51






52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




52





53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




53






54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




54



55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




55




affected

Is TDS applicable






Inventory values

affected

Is TDS Deductable

Deductee type



56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




56






57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




57






58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




58




Shishir Mathur

Ajith V Nair



59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




59



Shishir Mathur

Ajith V Nair



60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




60



61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




61





62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




62





63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




63





64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




64





65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




67

68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




68

69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




69

70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




70

71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




71

72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




72

73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




73

74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




74

75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




75

76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




76

77

78

79

80

C ONCLUSION



81

Bibliography


The books are




77

78

79

80

C ONCLUSION



81

Bibliography


The books are




78

79

80

C ONCLUSION



81

Bibliography


The books are




79

80

C ONCLUSION



81

Bibliography


The books are




80

C ONCLUSION



81

Bibliography


The books are




81

Bibliography


The books are




Date post:	06-Apr-2017
Category:	Economy & Finance
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Economy & Finance