sir i am receiveng professional fees in cash so payer of cash payment asking me to affix a revenue stamp on the cash receipt issued by me so what should i do should i affix a stamp on the receipt or not. i am receiving payment so why should i affix a revenue stamp because i am not payer but i am receiver

SAP s/w cost should be classified as Intangible asset as per AS 26.

when taking the cost,should we include
server cost,server room cost also in it?

If yes, aren't classifying a tangible asset i.e server or room as Intangible asset?

will purchase or sale return be a nominal a/c or real a/c. if so then why?

If a business gets fixed asset by way of gift, then how would it be accounted in books?

If a business purchases mobile phones & sim card for use in its business, what is the accounting treatment for that? IS it treated as fixed assets

A opening balance of plant and machinery shows Rs 1000000.00 A debit note of plant and machinery is received for inferior quality of goods in december Rs. 100000.00, advice me about the calculation of depreciation in this case. Full year depreciation is deducted or half year? tell me the treatment?

Customer India----raises ---Purchase Order in US$ to ABC India-(Ship to address in Malasiya/ Singapore/ Hongkong).

ABC India---raises ---Purchase Order in US$ to Vendor India-(Ship to address on customer address in Malasiya/ Singapore/ Hongkong).

Vendor India---raises ---Sales Order in US$ to ABC India-(Ship to address on customer address in Malasiya/ Singapore/ Hongkong).

ABC India---raises ---Sales Invoice in US$ to Customer India-(Ship to address on customer address in Malasiya/ Singapore/ Hongkong).

In above transaction possible in US$ will this be termed as High Seas Sales even if it is not transacted in Indian Ocean?
Please confirm the possibility.

Thanks & Regards,
Manish

can u please tell me what is accounting treatment for filling fess for TDS return paid nsdl tan fc Center

Is there any accounting Standard or guidance note on what all payment can be treated as pure expenses of the AOP ,& what all will be part of the utilization of funds collected for any particular form.Like in case of a RWA they have collected X amount as maintenance fund but general expenses like Audit fee ,conveyance charges will be purely expenses or part of utilization of fund(this question i want to ask is respect to income tax also as what all can be taken as expneses & deduction can be claimed from income from misc.sources)

we have two Pvt. Ltd Company named X, Y.
X sold share to Z (third party) after submission of Form 2, then Y purchase share from Z by paying cheque.

My problem is what is the entry to be made in the books of Y for this share purchase from Z ?

Is there any entry to be made in the books of X ?

please help by answering.