provision for payment of bonus disallowed earlier year and was paid the following year is it liable for deduction in calculation of deferred tax the subsequent year

Dear all,

Kindly suggest me how to control over expenses,please provide me some basic guide lines

Regards
Mrityunjay

X sends goods costing Rs. 200000 to Y . 3/5th of the goods were soldby consigneefor Rs 140000. Commission 2%on sales plus 20% of gross sales less all commission exceeds cost price. The amount of commission will be how much ?

Hello all.
Here i am confused to finalize one unit's account. Last year my client had made a mistake in payment of civil contract without deducting T.D.S and for that i want to know that; can i pay that T.D.S amount in this year??? Please guide me....


Rakesh Chauhan
Mukund Patel & CO. CA.
Anand ( Gujarat )rakesh_1020@ymail.com

hi, please suggest me any best book for both Accounting standards and IFRS.(preferably both in same book).which gives a detailed explanation of complete contents AS and IFRS, highliting the disclosure objectives and methods cum procedures if any.

Hi

This is Very Urgent

One of our Client in April converted from Tally 9.0 to ERP 9 the Vat Computation From the Previous Tally 9.0 to Erp Is Changed and We cant Matched With the VAT -100 According to Books The Exempted Sales in P&L It is 17 Lacks and As per Tally Vat Printed from Tally 9.0 is 84 Lacks. How This Figure Is Changed We Do Not Find Out

My Major Problem is

Sales 4%
Sales 12.5%

In VAT Computation Transferred To Exempted Sales by System Automatically. Now The Sales 4% & 12.5% how to Identify From The Erp 9.0 and How We can transferred to the Exempted Sales

How to account for Loan extended in nbfc.

Ex: Loan of Rs. 3,00,000/- given for 12 months, EMI - 29246/-

1) Party Account Dr 3,50,952
to Bank 3,00,000
to Unmatured Interest 50,952

When ever EMI received amount will be credited to Party A/c on completion of EMI Party account will be tally.
what ever be the interest accrued will be transferred to Interest received A/c(P&L) on that particular financial year.

(OR)
2) Party Account Dr 3,00,000
to Bank 3,00,000
when ever EMI received amount will be credited to Party account. and on completion of a financial year Interest accrued will be transferred to Interest received account from party account.

if 1st option is correct is it asset value of party is overstated? if 2nd option is correct at any point of time party a/c balance would not be tally with the repayment schedule of loan?

please advice me?

HOW TO PROVIDE DEPRECIATION IN CASE OF FIXED ASSETS WHICH ARE INDIVIDUALLY HAVING VALUE LESSER THAN RS.5000/-.

EG I PURCHASED 7 FANS HAVING RATE OF RS.1200/- PER FAN BUT TOTALING TO RS. 8400/-. WHETHER 100 % DEPRECIATION IS TO BE PROVIDED AS PER COMPANIES ACT.

Dear Experts,

Audit fees paid before starting the business and after incorporation of company, is it a pre-operative expense?

What will be treatment.

what r the dates for convergence to IFRS???