deferred revenue expenditure

News

Return filing date extended to 31st Aug from 31st July for AY 15-16


F No 225 154 2015 ITA II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block ITA II Division New Delhi the 10th June 2015 Order under section 119 of

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Clarifications on Rollback Provisions of Advance Pricing Agreement Scheme


Circular No 10 2015 F No 500 7 2015 APA II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Foreign Tax and Tax Research Division I APA II Section New Delhi

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Indirect tax collection increases by 37% in May 2015


Indirect Tax Revenue Provisional Collections Increase From Rs 36 408 Crore in May 2014 to Rs 49 993 Crore During May 2015 An Increase of 37 3 Registered During the Month of May 2015 over the Correspon

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Regarding clarification on rate of service tax on restaurant service


Circular No 184 3 2015 ST Dated the 3rd June 2015 F No 334 5 2015 TRU Pt Government of India Ministry of Finance Department of Revenue Tax Research Unit Dated the 3rd June 2015 To Chief Commissioner o

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FM exhorts senior tax officers to be prompt in redressing grievance of taxpayers


Finance Minister Shri Arun Jaitley Exhorts the Senior Officers of Income Tax Department to be Prompt in Redressing the Grievances of the Tax Payers Expand the Tax Base in a Non Intrusive Manner while

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Experts Opinions

Expenditure audit report


Can anybody please Provide me Format for expenditure audit report format

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Claiming of expenditure which was disallowed u/s 40(a)(ia)


Dear members of Expert panel I have a case For the AY 2005 06 the expenditure of Rs 1 30 crores was disallowed u s 40 a ia for non remittance of TDS with in the time The TDS was remitted in the next F

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Deferred tax liability


how does the deferred tax liability and assest mechanism works

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Tds deducted on expenditure


Dear All One my client paid professional fees to his ralative in the year 2012 with out deducting tds and claimed as an expenditure The deductee offered as income in the same AY The assessing officer

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Revenue recognition


Services have been delivered but invoice has not been sent can I recognise it as my revenue or revenue recognition is based on invoice sent

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Discussion

Revenue recognition on sales invoice

Dear All i would like to know the revenue recognition on export sales invoice there are different dates involves in sales invoice but when we shall recognize the revenue Ex Invoice Date 01 Apr 2015 Sa

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Indirect Tax Revenue (Provisional) Collections Increase from Rs. 32,661 Crore in April 2014 to Rs. 47,747 Crore During April 2015

Indirect Tax Revenue Provisional Collections Increase from Rs 32 661 Crore in April 2014 to Rs 47 747 Crore During April 2015 An Increase of 46 2 Registered During the month of April 2015 Over the Cor

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Deferred tax

Should deferred tax be calculated on depreciation added back due to change in method of charging depreciation

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Deferred tax

Should deferred tax be calculated on the depreciation added back due to change in method of charging depreciation

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Sec 194c -capital expenditure & tds provision

Whether payment to contractor for construction of building would attract Sec 194C as there is no revenue expenditure and the same would add to the cost of building and not claimed as expenditure in P

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  • Guidance Note on Accounting for CSR Expenditure

    Guidance Note on Accounting for CSR Expenditure

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  • Guidance Note on Accounting for Expenditure on CSR

    Guidance Note on Accounting for Expenditure on Corporate Social Responsibility Activities Issued May 15 2015 ICAI

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  • Tax Benefits Due to Life Insurance Policy, Health Insurance Policy and Expenditure on Medical Treatment

    TAX BENEFITS DUE TO LIFE INSURANCE POLICY HEALTH INSURANCE POLICY AND EXPENDITURE ON MEDICAL TREATMENT

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  • Department of Revenue (Rajaswa Vibhag)

    Department of Revenue Rajaswa Vibhag

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  • Revenue and 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 will realize the benefit from a cost is paramount When a cost creates an immediate benefit such as fuel used in delivery vehicles the company records the cost in the income statement as an expense When a cost creates a future economic benefit such as purchase of delivery vehicles to deliver the goods now and later the company records the cost on the statement of financial position as an asset

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Articles

Eligible activities for Corporate Social Responsibility (CSR) expenditure


Activities which are eligible for CSR expenditure in pursuance of Schedule VII of the Companies Act 2013 are as follows 1 Eradicating hunger poverty and malnutrition promoting preventive health care a


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Deduction of expenditure incurred for exempt income if taken will land in trouble


Karneeti Part 88 Deduction of Expenditure incurred for Exempt Income If taken will land in trouble Arjuna Fictional Character Krishna expenditure incurred in relation to exempt income is a controversi


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Check post put up to protect VAT revenue


1 Introduction Sale of goods whether inter state or intra state includes movement of goods from one place to another During such transportation of goods State Government can intercept the vehicles for


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IFRS 15: Revenue recognition from contracts with customers


IFRS 15 Revenue recognition from contracts with customers Major changes in the offing for some industries A new Standard laying down revised guidance for recognising revenue from contracts with custom


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Rent a cab service - Revenue Raising or Litigation Raising


A recent amendments made in the Union Budget 2014 in regard to rent a cab service service tax liability cenvat credits and reverse charge not only ignite the confusions that was prevailing already in


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Updated on : 6/13/2015 8:03:11 PM





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