can provision of interest income be made in accounts????
if interest is for current period
e.g if fixed deposit is created on 1-1-11 and current year is 10-11,and if f.d is going to be breaked in month of april next year what is accounting effect to be given as on 31-3-11???
there is no date fixed on which interest is going to be received.

I purchased a old and used generator from gujrat when it comes from gujrat throw my own transport police deduct a challan of Rs. 13000 due to overload of truck .so I want to ask that can i capital that challan amt. in generator cost ? if no where i can book that cost in my account. reply fast.

Hi Frdz,

I have a confusion in calculating ROCE(Return On Capital Employed. It is arrived at by dividing operating profit by capital employed.
What is operating profit here?
What all are to be included and what to be deducted?
Is it same as EBIT?

PLZ HELP ME OUT.........

FD Creation Date -29-03-2007
Rate of Interest -- 9%
Maturity Dat --29-03-2012
as per bank maturity value is -17165/-

but i am not getting it that how calculate by bank this interest .....

as per bank accured interest per year --1233

as per my self -1184

please suggest me how calculate by bank of same interest ---6165/- for five year

FD Creation Date -29-03-2007
Rate of Interest -- 9%
Maturity Dat --29-03-2012
as per bank maturity value is -17165/-

but i am not getting it that how calculate by bank this interest .....

as per bank accured interest per year --1233

as per my self -1184

please suggest me how calculate by bank of same interest ---6165/- for five year

how should the interest subsidy on term loan received by a textile mill under Technology Upgradation Fund (TUF) be accounted ? .

I purchased a old and used generator from gujrat when it comes from gujrat throw my own transport police deduct a challan of Rs. 13000 due to overload of truck .so I want to ask that can i capitalised that challan amount in generator cost ?if not where i can book that amount in my account books

Respected Sir,
I want to know whether if there is delay of one or two days while filing tds return (24Q & 26Q) then will it create any problem for company.

do we have to penalty for late filing alongwith return or when query comes

Thank you

Respected Sir,

Monthly prof. tax to be deducted should be on gross amount or net salary amount i.e. after deducting for absentees
i.e. if employee is earning 11000/- then we deduct Rs. 200/- but since he was absent so actual earned salary is only 9000/- then tds should be Rs. 175/- or Rs. 200/- i.e. prof. tax should be based on gross salary or net salary
Urgent pls clarify my doubt

My query is that what is the method of valuation of closing stock in case of business of real estate.