deferred revenue expenditure

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IT dept to issue 7 lakh letters seeking information in respect of high value non PAN transaction


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 21st July 2016 Sub Income Tax Department to issue 7 lakh letters seeking Information in respect of

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SIT on black money recommends ban of cash transaction above 3 lakh and cash holding more than 15 lakhs


Recommendations of SIT on Black Money as Contained in the Fifth SIT Report The Fifth SIT report has been submitted before the Honble Supreme Court by the SIT An extract of the report has been uploaded

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Time Schedule revised for making tax payments under IDS Scheme


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 14th July 2016 Sub The Income Declaration Scheme 2016 Relaxation of time schedule for making payme

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Govt clarifies effective tax rate is 45% and not 31% under income declaration scheme


Circular No 27 of 2016 F No 142 8 2016 TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes TPL Division Dated 14th day of July 2016 Clarifications on the In

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Direct and indirect tax collection jumps by 25% and 31% respectively


Direct Tax Collections upto June 2016 indicate net revenue collections of Rs 1 24 lakh crore registering an increase of 24 79 over the corresponding period last year The direct tax collections upto Ju

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Experts Opinions

Revenue Model of whatsapp.


what is the revenue model of whatsapp It has got no advertisement hence no revenue So why would anyone purchase anything for 19 billion Just for Phone No database I googled a lot but came to no valid

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deferred revenue expenditure


what is deferred revenue expenditure

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IFRS recent change on Revenue Rcognition


Can anyone explain the recent changes in IFRS on Revenue Recognition

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CSR expenditure


Can provision created for CSR be considered as amount spent for CSR under Section 135 or is there any provision in the act that in should be spent in that year itself

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Csr expenditure dedction in income tax


CSR expenditure which mandatory under Section 135 of companies Act 2013 is not allowable under Section 37 of the Income Tax Act since it not a business expenditure So can we claim the contribution as

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Discussion

Deferred tax calulation

Just need a confirmation about deferred tax calculation on Fixed Asset as per Balance Sheet approach The calculation of deffered tax to be made on difference of WDV of asset in books as per Cos Act an

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Treatment of deferred revenue

How do we have to show the Deferred Revenue in the Balance Sheet

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Deferred tax liability and asset

Dear Sir Please tell me under which head we have to create these ledger in tally erp 9 which is giving more confusion sir

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Recognition of Deferred Tax

A Recognition in Deferred Tax in the Profit Loss Account Current and Deferred Tax shall be recognized as income or an expense and included in profit loss for the period except to the extent the tax ar

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Csr expenditure

X company Manufacturing Laptops given laptops at cost to one trust Whether margin profit given up construed as CSR expenditure

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  • 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

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  • 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

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  • Schedule II with Capital & Revenue Expenditure

    SCHEDULE II WITH CAPITAL REVENUE EXPENDITURE

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  • 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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  • Super Summary AS-9

    Super Summary PT on Accounting Standards for Quick Revision

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Articles

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


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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


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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 Go


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Overview of tax implication of CSR expenditures


Introduction 1 1 1 The Finance Act 2014 has brought a very radical far reaching amendment asfar as CSR expenditures are concerned 1 1 2 There was a lot of expectation that as a corollary to the CSR re


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Revenue or Capital Expenditure


Companies incur costs to acquire resources that will be used in operations to generate profits Every cost creates either an immediate benefit or a future economic benefit Determining when the company


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Updated on : 7/23/2016 10:05:17 PM


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