in case of company..depreciation is debited in books adopting Companies Act.... but can the rate be of IT Act & not Company Act

The company has given interest bearing security deposit. Total interest for the financial year comes to 30,000/-. The same was received in May,2011 after deduction of TDS.

What entry should be booked on 31st March.2011.Also how to account for TDS in 2010-11 books and when the benefit of tds can be availed..

SIR,

I HV. TO PAY SOME AMOUNT OF Rs. TO HOUSEKEEPING STAFF(CONTRACTUAL STAFF) WHICH WAS PERTAIN TO 2010-11 i.e. FROM OCT.-10 TO MAY-11. HOW TO PASS ENTRY IN BOOKS OF ACCOUNT OF 2011-12.

AND WHAT ABOUT TDS TREATMENT? i.e. FOR 10-11 & 11-12. SHALL WE HAVE TO PAY INT. ON TDS DEDUCTED FOR 10-11 & 11-12.

THANKS IN ADVANCE

When the partner admit in partnership firm and unable to bring goodwill in cash why the debited partners current aic

NAME OF TH BOOK PUBLISHED BY THE PAADUKA PUBLICATIONS ????

The manufacturing company has given its building on rent.As per income tax act depreciation can not be claimed as the building not in use of company business.

Under companies act, Can we claim depreciation in books of accounts?

We if claim then liability towards MAT will reduce.

Please suggest.

Dear All,

I'm currently working in a newly established Fruit Processing Company.We are in a bulk business of processing various fruits.Our finished products are Fruit Pulps ,juices & concentrates.We want to prepare a cost sheet of our Finished products.Pls guide me about the preparation of detailed cost sheet.

when we issue shares to promoteres then we debit goodwill account means creating goodwill. What are the provisions of AS 26 about this kind of goodwill. Is it consider as internaly generated goodwill and not going to disclose it in balance sheet. Plz tell me the treatment plz !

kindly provide guidence on the following question:-
1)if accummulated depreciation equivelant to cost of the assets than it is necessary to take W.D.V Rs. 1

2)it is necessary to equivelent W.D.V as per company law and as per income tax.

3) if any have any suitable formate kindly provide.

Regards
Akbar

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