deferred revenue expenditure


GST to help in reducing prices of various items

FM Government to focus on two important areas including building infrastructure on war footing and substantial expenditure on development of rural India For FDI India is most preferred destination in the world today Major indirect tax reform in the history of the country since independence i e Goods

Govt withdraws Service tax exemption for educational institute

TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART II SECTION 3 SUB SECTION i GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE NOTIFICATION No 10 2017 Service Tax New Delhi the 8th March 2017 GSR E In exercise of the powers conferred by sub section 1 of section 93 of the Finance

FM releases the Revised General Financial Rules 2017

The Finance Minister Shri Arun Jaitley calls upon the Financial Advisers of different Ministries to ensure that expenditure on schemes and projects start from the beginning of the financial year to leverage the early passing of the Finance Bill this year FM releases the Revised General Financial Rul

POEM guidelines not applicable for company with less than 50 cr turnover

F No 142 11 2015 TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Circular No 08 of 2017 Dated 23rd February 2017 Subject Clarification for determination of Place of Effective Management POEM of a company other than an Indian company reg The concept of

Four Advance Pricing Agreements signed by CBDT

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 7thFebruary 2017 Another Four Advance Pricing Agreements signed by CBDT The Central Board of Direct Taxes CBDT has entered into four more unilateral Advance Pricing Agreements APAs on 6th February 2

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Experts Opinions

Cash expenditure of 10000

Dear Respected Members Please tell is salary above 10000 can paid in cash or not in fy 2017 18 or not And if not then please also tell if a employee salary is 15000 can we give him 5000 as cheque and rest 10000 in cash or it should fully in cheque

Deffered revenue expenditure

please can any one help me the treatment of deffered revenue expenditure

Deferred tax treatment on 80-ia deduction

Dear Sir Ma am In my client we have taken 80 IA deduction from this year for a particular segment of power generation The company is a manufacturing company manufacturing ferro chrome required in steal industry While computing deferred tax i have some queries which are as follows What will be the tr

Revenue recognition

Business constitution is Company There is one bill raised for the months of March Apr May 2017 Whether should we recognise total revenue in this FY or we have to recognise as proportionate basis Bcoz the company is following the policy of recognising whole revenue in the year in which bill is raised

Revenue Recognition

FY 2015 16 Advance Payment made 1L Service completed Mar 16 Invoice not yet received Qtn 1 Journal entry for advance and service completed 2 does revenue need to be recognized If yes how sonce invoice no yet received


Gst regitration for business unit of revenue below threshold limit

my friend is having a small printing busuness currently not registered with state vat w b or service tax whether gst registration is must for his business since customer s procurement deptt is asking for gstn provisional id as compliance for vendor renewal

Is higher education fee of a practicing doctoranallowableexpenditure?

A doctor pays higher education fee for self taking an education loan Is the education fee allowable professional expenditure At the same time can he claim deduction of interest paid on education loan under Sec 80E Experts Please help

Revenue stamp details

Hi everyone Need some clarification on revenue stamp cash payments Amount we pay more than 5000 through revenue stamp vouchers orginal copy should be with us or should given to payee If yes then how we should have the proof of sum we paid

Tds on csr expenditure

Is it required to deduct TDS on CSR expenditure

Tax exemption for expenditure incurred on medical purpose

Whether medical expenditures in case of treatment of dependent parent is exempted from taxable income of PSU employee

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GST rollout deferred to 1st July,2017

16 01 2017 is a significant milestone and breakthrough for GST in India The Centre and the states reached a consensus on the dual control issues on Monday i e 16 01 2017 preparing ground for the rollout of the biggest tax reform from 1 July as said Finance Minister Arun Jaitley The states would do 5

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

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Updated on : 3/24/2017 12:45:22 AM

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