deferred revenue expenditure

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Hasmukh Adhia to visit NE region to review preparedness for GST


Revenue Secretary Dr Hasmukh Adhia to leave on a four day visit to North East to review the preparedness of the North Eastern Region for GST The Revenue Secretary Government of India Dr Hasmukh Adhia will leave on a four day visit to North East on Thursday 13th April 2017 in order to review the prep

Rs 1.37 Lakh Crore of tax evasion detected by search and survey in last 3 years


Department of Revenue Ministry of Finance achieves phenomenal success towards eliminating Domestic Black Money in last three years 23064 searches surveys have been conducted Income Tax 17525 Customs 2509 Central Excise 1913 Service Tax 1120 More than Rs 1 37 Lakh Crore of tax evasion has been detect

Mandatory Quoting of Aadhaar for Return filing not applicable to Non resident


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Section 139AA of the Income tax Act 1961 as introduced by the Finance Act 2017 provides for mandatory quoting of Aadhaar Enrolment ID of Aadhaar application form for filing of return of income and for making

Revenue department exceeds revised Tax collection target of 2016-17


Revenue Department exceeds Revised Tax Collections target for 2016 17 around 18 taken together in case of Direct and Indirect Taxes Provisional figure of Total Tax Collections in 2016 17 is Rs 17 10 Lakh Crore as against the Revised Target of Rs 16 97 Lakh Crore Direct Tax collections up to March 20

CBDT notifies new Income Tax Return Forms for AY 2017-18


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 31st March 2017 CBDT notifies new Income Tax Return Forms for AY 2017 18 The Central Board of Direct Taxes has notified Income tax Return Forms ITR Forms for the Assessment Year 2017 18 One of the m

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Experts Opinions

Revenue source


Hii i am Aman katiyar i would like to know the revenue sources of CAclubindia com as i have to create a website for xyz purpose if u have any information regarding your financers and contacts please help thank you

Query regarding revenue expenditure of rs. 10000/-


Hi As revenue expenses are not allowed of Rs 10000 per day I have following query regarding this 1 Can total payment made to different parties above rs 10000 in a day For ex diesel purchased of Rs 6000 and stationery purchased of Rs 5000 Or above condition applied on a party only for ex petrol purch

Revenue recognition


Dear Team please help me out from this query one of client is an exporter He have made sale in the month of march but the goods are still in the factory place as on 31st march 2017 And they have recognized revenue on the basis of the Billing confirmation received from the respective clients AS the G

Revenue recognition on sale of flat by builder


dear all builder has sale the flat sale price of rs 10 lacs sale deed of flat is made dated on 04 04 2017 possession of flat is transferred by builder to buyer dt on 04 04 2017 however builder has received all the money of rs 10 lacs in march 2017 query 1 in which year builder has to recognit revenu

Revenue recognition on sale of flat by builder


dear all builder has sale the flat sale price of rs 10 lacs sale deed of flat is made dated on 04 04 2017 possession of flat is transferred by builder to buyer dt on 04 04 2017 however builder has received all the money of rs 10 lacs in march 2017 query 1 in which year builder has to recognit revenu

Discussion

May 2017 - calculation of deferred tax - as 22 explained.

Hi Everyone Please check the below link This will be useful for May Nov 2017 Exam https youtu be cNYXiXGtMpg

Deferred tax - as 22

Hi Everyone I have created and posted a video on youtube explaining AS 22 Accounting for Taxes on Income below is the link https youtu be cNYXiXGtMpg Please check I hope it wil be helpful for you please let me know if you have any queries

Cash expenditure by employee reimbursed by company

One of the senior level employee of my company pays Hotel Bill of above 1 lac single bill billed in companys name in cash He claims the same as reimbursement from company as his tour and travel bill The company reimburses the same to him by NEFT to his account Whether the same be allowable expenditu

Deferred tax liability

WHETHER DTL IS THE PART OF NET WORTH

Google ad revenue other income, or business income?

I am a salaried employee do some speculative stock trading for which I am filing ITR 4 and also earn some google ad revenue from some of my android apps I also earn some income by selling features on my android apps Should I show the google ad revenue and the income I get by selling features on my a

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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


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


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Updated on : 4/25/2017 9:16:11 AM


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