I have an FD amount of Rs. 5,00,000/-as on 31.03.2011.

Maturity Value of Rs.5,34,060/-.Matured Date is 14.06.2011.

I reinvest the whole amount that is 5,34,060/- on 14.06.2011.

As on 31.03.2012 I recieved Interest Certificate Rs.44316/- and TDS Rs.3711/-

Can anybody help me for what entry need to be done in my books.

Thanks in advance.

plz explain how dep is provided for deleted/sold assets - when asset is sold in the middle of the year,is dep charged on deleted asset and then profit or loss on asset sold calculated.what r the entries from accounts point of view (and not income tax)

One of Our Client Purchase 9 sitter Car in name of Director and Invoice of the same is also in name of Director. on the same Loan is also made in name of Director for such Vehicle but installment is being paid from Company Bank Account. Please suggest how to book this Transaction in Company book of Account.
is there any issue of We book this Fixed Assets in Book of Company?

the case is the installation of air cooling in the building for which services was provided by the consultant for the installation of the same.whether the amount has to be dr. under professional fees or building WIP?

Previously Advances & Deposits from Customer/Dealers & Others are shown under current liabilities. but now as per revised schedule VI whether it is to be disclosed under other current/non current liabilities or short/long term borowings.

at the time of payment of security deposit of the contractor which was deducted previously and credited under Security Deposit Contractor Account is it mandatory to first transfer such Security deposit to the particular party account by debiting the Security Deposit and crediting the Party and then make payment entry by dr. party and cr. bank

Will the exchange fluctuation be booked on the advance payment received from a foreign debtor?

Also tell,
Advance Payment received of 100$ @ Rs. 50/$
Sale made of 100$ @ Rs. 52/$ (rate of $ on the date of sale),
what is the booking rate of $ at the time of sale booking?

I have purchased house property and paid stamp duty and registration fees

house property 140000
stamp duty 1490
registration fees 7000


do i capitalized stamp duty and registration fees as house property ?

and also do can take exemption or deduction of both stamp duty and registration fees in any income tax act ?

pls guide me i need to file it return

will profit/loss arising due to sale of repossessed goods be shown in h.p.trading account? as far as i am concerned, sale of repossessed goods is not the hire purchase and for the reason it is to be included in general trading and p/l. i am confused..............

Hello everyone,

suppose i purchased a flat at 15 lacs and i have paid stamp duty and registration charges. but i have made payment of only 5 lacs to the transferor and still 10 lacs is pending.

i have shown rs.5,00,000 as advance against flat. but other senior CAs has told me to show flat in the b/s @15 lacs and 10 lacs as loan in the liability side .

waiting for your reply.