deferred revenue expenditure


Extension of due date of GST returns

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 Central Board of Excise and Customs Notification No 20 2017 Central Tax New Delhi 08th August 2017 G S R E In exercise of the powers conferred by the su

Task Force on Shell Companies for effectively tackling the malpractices

A Task Force on Shell Companies under the Joint Chairmanship of Revenue Secretary and Secretary Ministry of Corporate Affairs was constituted in February 2017 for effectively tackling the malpractices by shell companies ponzy companies khoka companies in a comprehensive manner adopting whole of the

BRICS countries Heads of Revenue meeting hails GST Reforms

BRICS countries Heads of Revenue Meeting hails GST Reforms being introduced in India Memorandum of Cooperation MOC in respect of tax matters identifying areas of cooperation signed by the BRICS Heads of Revenue at the Meeting held at Hangzhou China Indias GST reform has been hailed by the BRICS coun

Issues arising from implementation of MAT on IAS compliant companies

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Issues arising from the implementation of Minimum Alternate Tax MAT provisions relating to Indian Accounting Standards Ind AS compliant companies Finance Act 2017 amended the provisions of section 115JB of th

Extension of time limit for filing intimation for composition levy

F No 345 114 2017 GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi the 21st July 2017 Order No 01 2017 GST Subject Extension of time limit for filing intimation for composition levy under subrule 1 of rule 3 of the CGST R

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Rebate from maternity medical expenditure

My total maternity medical expenditure is 40000 f y 2016 17 and father in law medical bill are 25000 and his age is 60 please guide me if any rebates provided in income tax return

Deferred tax asset on loss

whether we can create deferred tax asset on loss in the anticipation of future profit is it a timing difference then how it is possible

Calculation deferred tax

Dear Sir As on 2014 15 in Balance Sheet Deferred tax Asset shows as Rs 35304 Dep as per Company in 2015 16 is Rs 419075 Dep as per IT in 2016 17 is Rs 362516 My Question is Deferred tax in 2015 16 Rs and IN 2014 15 P L shows Rs 32 as Deferred tax exp for in 2015 16 P L Rs For FY 2016 17 Dep as per C

Gst on Office misc Expenditure (Imprest)

GST is applicable in imprest

How to book revenue received from different states

Dear Sir i am working in a food delivering service company And we received the revenue from most of the states of india against advertising sale and registration sale can you please suggest me how can i do accounting for those entries under GST And one more query is i had received some advance from


Deferred revenue expenditure

Hi Team Pls let me know What is Deferred revenue expenditure and Explain exblorately with examples Thanks in Advance

Cost of improvement & expenditure in itr2 for stcg and ltcg

For a typical listed share buy sell transaction on a stock exchange the trading website levies following charges i Brokerage during Buying ii Brokerage during Selling iii STT iv Transaction Charges v Depository Charges vi Annual Demat Account Fees Approx Rs 615 Case u s 111A where STT is paid My Ful

Creation of deferred tax asset

A private limited company started 3 years back for initial years it incurred loss but last year has turned profitable Company has paid MAT in past 2 years For AY 2017 18 sinceprofitable is charging current tax MAT and deferred tax in P L But DTA is not created in Balance Sheet Please confirm if its

Video - difference between as 9 and ind as 18 (revenue)

Here is the video link explaining theKey Difference between AS 9 and Ind AS 18 Revenue https youtu be ri2smGhn4Ls Watch many more such useful videos on my channel https www youtube com channel UCJ3kfF y1TWkfomAJvjWjTw

Contingent expenditure by govt organisations.

pl send detailed explanation to deal with the subject matter

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GST Impact on Weekend/Recreational Expenditure

Weekends dont count unless you spend them doing something relaxing With the introduction of the Goods and Services Tax on 1st July 2017 spending on leisure or recreation activities is expected to burn a hole in your pocket Below is a sample illustration Mr X and Mrs X are newly married They are in t

Acquisition of Fixed Assets and their Deferred Tax Impacts

Accounting and Taxation treatment of Interest on borrowings Foreign exchange fluctuations related to acquisition of Fixed Assets and their Deferred Tax Impacts In this discussion we would understand the accounting and taxation treatment of interest on funds borrowed for acquisition of capital assets

Principal Vs Agent - Revenue (Gross or Net?) as per Ind-AS/ IFRS

Many times Goods and Services are being sold rendered by using different kind of arrangements entities based on terms and conditions which could change Revenue Recognition criteria in its entirety and a careful assessment is always required because if any incorrect assessment is done it could have a

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

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Updated on : 8/12/2017 7:32:39 AM


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