Dear all.
I have a specific query regarding capitalization of assets.I am explaining it through example:
I am constructing my house and for this i have purchased a tractor for Rs 400000/.Construction took place for 3 years and during the period depreciation on tractor comes to say Rs 200000/.
Total cost of Construction comes to Rs 5 lacs excluding the cost of tractor .
In my view ,depreciation charged on tractor i.e. Rs 2 lacs will form the part of cost of house and total cost of house will be Rs 7 lacs (5+2). This will bring the gross value of assets at the end of capitalization is Rs 9 lacs (& of house and 2 of tractor) .
Is it a right way or there will be another way of capitalization of assets. please suggest me.

Sir,I want to know the easiest way to prepare a BRS if volume of transaction is very huge.

How To cal. deffered taxes on income

Dear all , i have rec. a grant of 100000 Rs. for a machine. machines total cost is 120000 Rs. subsidy is to be received in 4 installment @25000Rs. each. plz. suggest me accounting entries for all transactions.

Dear Experts

Are the following eligible for DTA calculation;
1) Provision for Gratuity
2) Provision for bad debts
3) Sundry balances written off
4) TDS Payable( DUE B4 fILING OF RETURN)
5) ESI, PF , SERVICE TAX PAYABLE( DUE B4 fILING OF RETURN)
6) Current loss.

And hw to deal in the situation in point no 4, 5 & 6 above in the year the tax are paid, and there is pofit?

Plz Reply Asap

Thnx in advance.

Dear Experts,
A mfg Co. is providing concessional fooding to its employees. Thus what are the treatment in hands of the co.in the following cases:

1)If the Co is taking Rs10/- from each employee and rest cost of Rs.20/- is paid by the co.to the canteen chef as total cost.

2) if Rs. 20/- is adjusted from the wages of the employees and the co. pays Rs. 30/- to the canteen chef.

Thnx in advance

Plz. answer ASAP "-

1)Why Closing Stock is not included in the Trial Balance ?
2)Who can become the Fellow of Chartered Accountants(FCA) & Assossiate of Chartered Accountant(ACA)& what is the diff. in them?

Dear Experts
How can tranfer stock to one godown to other in tally erp9

thanks
dheeraj mishra

Respeced Experts please guide me; should we deduct tds on the Printing & Stationary bills from a single party if it exceeds the threashold limit of Rs 50000/- in on year?

Sir,
Can you help me to set up tally 5.4, I have
some accounts data in 5.4,unfortunately 5.4c
installation had been deleted during the format of C drive . Please email the same if available with you to

smpasha_2007@yahoo.co.in

Thanks.

With regards
S M Basha