Articles by CA. A. Kumar

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Norms for filing TDS/TCS returns

Posted by CA. A. Kumar 07 July 2008 12782 Views

All tax deductors / collectors are required to file the TDS/TCS returns in Form No.24Q (for salaries), Form No.26Q (for payments other than salaries) or Form No.27EQ (for TCS). These forms require details of all tax deductions with name and permanent



REVENUE RECOGNITION

Posted by CA. A. Kumar 06 July 2008 14010 Views

Revenue Recognition Principle Revenues are recognized when (a) realized or realizable and (b) earned. [SFAC No. 5, Para. 83] Revenues --> not recognized un




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