deferred revenue expenditure

News

Initiatives to increase non fare revenue in railways launched


Initiatives to Increase Non Fare Revenue and To Promote Ease of Ticketing Through Digital Transactions Launched Minister of Railways Shri Suresh Prabhakar Prabhu inaugurated the following policy initiatives viz Policy Initiatives of Increasing Non Fare Revenue likeOut of Home Advertisement Content o

Direct tax collection upto December shows 12.01% growth


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Direct Tax Collections up to December 2016 show Growth of 12 01 The figures for Direct Tax collections up to December 2016 show that revenue net of refunds is Rs 5 53 lakh crore which is 12 01 more than the n

Direct Tax Dispute Resolution Scheme- 2016 Extended up to 31st Jan, 2017


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 30th December 2016 Direct Tax Dispute Resolution Scheme 2016 Extended up to 31st Jan 2017 In order to reduce the pending litigation the Direct Tax Dispute Resolution Scheme 2016 the Scheme was intro

Clarifications on Direct Tax Dispute Resolution Scheme 2016


F No 142 11 2016 TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes TPL Division Clarifications on the Direct Tax Dispute Resolution Scheme 2016 The Direct Tax Dispute Resolution Scheme 2016 hereinafter referred to as the Scheme incorporated as Chapter X

Revised DTAA between India and Cyprus to come into effect from 1st April 2017


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 16th December 2016 PRESS RELEASE Sub Notification of Completion of Internal Procedures for Revised Double Taxation Avoidance Agreement between India and Cyprus A revised Agreement between India and

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Experts Opinions

Revenue definition as per gst


Hii The GST council at its first meeting agreed on a revenue threshold of Rs20 lakhs below which the traders will be exempted from GST Can anyone give me the definition of REVENUE as per GST

Service tax on reimbursement of expenditure


I would like to know whether service tax is leviable on reimbursement of expenditure

home repair expenditure


I repaired my house by taking 10lakhs as loan from my of account and repaid it this financial year can this loan and interest claimed for income tax rebate

Tds amount in balance sheet - under revenue authorities


Dear Experts I have a accounts work for A Proprietors firm in past 5 years This Assesse s ITR filing one of the Chartered Accountant FCA This Assesse get TDS deduction from some Customers for Contract works The past years TDS amount Rs 235642 These all TDS amounts shown in Balance Sheet under Curren

Capital or revenue


Whether Additional Ram purchased for increasing the speed smps purchased be classified as capital expenditure

Discussion

Fair valuation of revenue contracts as per ind as

Hi USGAAP requires us to recognise revenue of contracts at fair value Are there any similar provisions in Ind AS as well

Income & expenditure for chaat snaks business

if any one has Income Expenditure For chaat Snaks Business plz share

Income & expenditure for chaat snaks business

if any one has Income Expenditure For chaat Snaks Business plz share

Doubt regarding disallowance of expenditure

For a co operative society provisions has been charged to profit loss a c But as per Income tax act those provisions are to be disallowed under which section should those provisions be disallowed

Whether capital or revenue expenditure on invesment on lease

I have one doubt Frnds please clarify me Thanks in Advance I am Partnership businesstaken Building Just Skelton on Lease for 9Years and Subject to renewal on mutual consent for runnin hotel business I Made one crore investment on Skelton to Suitable for business On building we just taken 2 floors on

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File Download

  • Income and expenditure statement

    For making balance sheets and income and expenditure statements for small business A simple file
  • How to capitalise in a sap or how to raise pr in sap

    how to capitalise in a sap or how to raise pr in sap
  • Circular on Section 14A

    CBDT notifies amended Rule 8D for computation of disallowance u s 14A clarifies that amount of disallowance as computed under Rule 8D shall not exceed total expenditure claimed by the assessee Deletes sub clause ii in Rule 8D 2 which dealt with computation of expenditure towards interest not directly attributable to any particular income receipt as per the prescribed formula Increases the rate to be applied on annual average value of investments from 0 5 to 1 Amended Rule shall come into force on the date of its publication in the Official Gazette CBDT
  • Schedule II with Capital & Revenue Expenditure

    SCHEDULE II WITH CAPITAL REVENUE EXPENDITURE
  • IND AS 2-Inventories

    The objective of this Standard is to prescribe the accounting treatment for inventories A primary issue in accounting for inventories is the amount of cost to be recognised as an asset and carried forward until the related revenues are recognised This Standard deals with the determination of cost and its subsequent recognition as an expense including any write down to net realisable value It also provides guidance on the cost formulas that are used to assign costs to inventories http praveentawania com file details php title IND 20AS 202 Inventories

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Articles

ST burden can be passed on by agreement but revenue cannot be asked to wait for recovery of tax dues


Delhi Transport Corporation Vs Commissioner Service Tax TS 411 SC 2016 ST Recently the Honble Supreme Court has dismissed the review petition filed by the Delhi Transport Corporation the Petitioner or DTC against ruling of the Honble High Court of Delhi in the case of Delhi Transport Corporation Vs


GST Council mulls four rate slabs and 14% revenue growth assumed for States


The objective is that the rate structure should not lead to any further retail inflation The Centre and the States should have adequate revenue and it should also put the least possible burden on the taxpay Shri Arun Jaitley Honble Finance Minister Moving swiftly on the road to formalising the bigge


Deferred tax analysis


The concept of Deferred Tax is not a simple to understand and many get confused while applying it in the books So we shall try to go through simple and lucid manner to understand the whole concept and its application in the books through entries The word Deferred is derived from the word Deferments


Deferred Tax Introduction


Deferred tax When we look out for the meaning for Deferred it means to Postpone or delay Similarly deferred tax is also liability to pay tax in future that we have postponed and have to reflect in our balance sheet With coming of financial year end and closing of books of accounts we have to calcula


Goods & Services Tax (GST): Revenue Neutral Rate of Tax


Introduction of GST is an important step in the direction of much awaited tax reforms With the passage of the Constitution Amendment Bill 2014 for in May 2015 Government is now all set to implement Goods and Services Tax GST by April 2016 subject to the Bill being passed by the Upper House of Parlia


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Updated on : 1/14/2017 12:02:31 AM


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