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Shekar's Expert Profile

Queries Replied : 221

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About me

    What kinds of questions I can and can't answer?
    QuestionS on Accounts,audit,VAT,EXCISE,SERVICE TAX,INCOMETAX,CARREERS WILL BE ANSWERED.

    My area of expertise
    accounts and tax

    My experience in the area (years):
    2

    Organizations I belong to:
    SUNDARARAJAN & HARISH

    Publications or writing which has appeared :
    NONE

    Educational credentials:
    B.COM,CA FINAL,CS FINAL

    Award & Honors:
    NONE

  • reddy kishore says : exam leave
    Iam in articleship iwant leave 6 months foe final examination its posible ?

  • Deepak says : capital or revenue
    Sir, 1.A sea going ship replaces its hull(engine)due to mechanical failure.the ship has been accounted as a single asset along wiith the engine, in the fixed asset register.the engine is of same capacity as the earlier one. should the the expenditure be treated as capital or revenue? will the treatment differ if the engine is of enhanced capacity? 2.A car parking shed is constructed attached to a building and is integral part of the building. if the building is demolished the shed will loose its utility value and has also to be demolished. hence it has the same life as that of the remaining life of the building.the capacity of the building is increased as it is able to provide parking facility which it did not have earlier.should the the expenditure be treated as capital or revenue? Expert : Shekar Posted On : 6/23/2008 12:38:14 PM Rate This Expert Both are capital expenditures... author : Deepak Posted On : 6/23/2008 1:58:41 PM sir please give reasoning in detail to treat both as capital expenditure. because in both the examples engine as well as car shed cant be used in isolation when the ship is scrapped and the building is demolished respectively though they may have more useful life left than their parent assets.

  • sandeep verma says : Circular of Rent
    pls send me tht circular which says tht we should deduct tds on rent excluding service tx..............


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