Dear Sirs,

Our company situated in M.P where we have hire security agency. Now the agency not depositing the PF amount of their guards & as per rule this is principal employers liability to ensure that. We have retain the deposit from security agency & now our company want to deposit that PF amount to pf department. so my inquiry is on which amount we have to deposit the pf amount because the agency not providing their salary sheets. Are we have to deposit the pf amount as per Minimum wages act which is in M.P Rs.154/-(Basic + D.A) for unskilled labour or there is some other rules for this kind of cases.

Thanking You

I am working in a jewellery showroom. We have taken membership in a jewellry show(IIJS- India International Jewellry Show) which will be held at Mumbai. We gave a cheque to The Gems & Jewellry Export Promotion Council with amount Rs. 1105/- as registration fee as IIJS visitor and a cheque of amout Rs 100000/- to All India Gems & Jewellery Trade Federation as the Lifetime Application Fee. Now I am a little bit about the entry. Under which head the entry to made? I have done as follows
I have grouped both the companies under Sundry Creditors. Then made the entry as:
Adv & Publicity A/c Dr.
To Creditors A/c

Then

Creditors A/c Dr.
To Bank A/c.
Is it Correct ? I am a little bit consused about this Plz help me.

if the fixed assets purchase bill includes vat on purchase of f.a. and other tax e.g. exise custum etc.. than what amount should be carry forward for that assets? whether gross amount is carry in chart of deprecation (gross amount means inclusive of all taxes on purchase ) or only net purchase amount is carry
plz help me...............
e.g fixed asstes bill of rs.10150 in that amount vat of rs.150 is also include than to shwoing the addition in assets during the year in deprecation chart what amount carry...
plz reply

Dear Sirs,

if a resulting company have incurred expense on registration of Companies, then whether resulting company can trat this expenses as preliminary expense or general expenses. If company trat it as preliminary expenses whether it can write off in 10 equl instalments.

can sugest me how to treat the same in this condition if i purchase a software of Rs 13000 and amc of software is Rs 6000.

What will be the treatment of the leased land if we got it without consideration.

An Goverment Authority gave land to use it for 5 years but did not take any consideration, only lease rent of Rs.3 lacs per annum is to be given.

Now my question how to treat this land in the balance sheet, since AS 19 does not apply on leased land and without consideration we can not show it in the balance sheet.

Hi sir,
I want to know about some book that will provide me the knowledge of TDS, Income Tax. Would somebody tell me the name of the book with author and publisher name?

Hi Sir I want to know the rate of depreciation on different assets. Is it fixed for a particular kind of asset. If a there is an addition in the asset on 20th of Jan of a FY ending 31st march then how will be depreciated. will it be depreciated for hafl part of the year or for the rest of the days of the FY?

Hi All,

Pls Clarify me regarding the following..

How to treat R&D cost in the books of accounts?

when it will be deffered ?
when it will be revenue?

if it is deffered howmany years we consider in pharma companies?

Dear Experts,

we purchased Equipments (capital A/C)
we paid first advance: 350075/- (By Chq)
Second Advance: 310887/- (By Chq)
after delevery the Equipments we paid full and final amount of Rs. 1977663/- (By Chq)how to pass the entry in tally 9

Thank you.

Reddy