friends i am an accountant of a real estate comp with share cap one lakh and cash bal one lakh my company was incorporated in the year 2003 but was defunct till sep 2009 later regularised and now opened the bank a/c in the name of company director funded and completed the land developement and sale of plot is also in procee but in our books no land we want to bring land in the company books belonging to the director what is the accounting and tax impact

i have invest ment portfolio managed by HDFC AMC please telll me how to pass entry

Statutory Liability of Employer to enrol themselves for Provident Fund -minimum requirement of 10 empoployess or 20 employees.

hi....
I would like to know how to account for the food bought for directors in the afternoon? will it be staff welfare? will it be taxable in their hands?

I would also like to know the accounting entry for electricity bill reimbursed to directors for their apartment.

hi...

I would like to know the accounting entry for payment made through self cheque. Is the following entry correct?

Cash A/c Dr.
to Bank A/c

Expense A/c Dr.
to Cash A/c

We have to route it through bank A/c?

What Corporate Dividend Tax rate we should take for making provision for Coporate Dividend TAx i.e we should take Corporate Dividend Tax rate existing on the balance sheet date or rate existing on the date of signing of annual accounts?

HELLO EVERYONE,

DOES CAPITAL EMPLOYED AND NET ASSETS MEAN SAME.

IN FM CAPITAL EMPLOYED=ESC+PSC+R&S+LOAN FUNDS.

BUT IN ONE OF THE A/C'S PROBLEM THE CALCULATION CAPITAL EMPLOYED AS FOLLOWS.
(FA+CA-CREDITORS-DEBENTURES)

I DON'T KNOW WHY THEY DEDUCTED THE DEBENTURS??

PLEASE EXPLAIN???

abhipcc@rediffmail.com

Hi Sir,
In the financial year 2009-10 I had issued a cheque against unsecured loan by mistake while the loan was already cleared in 2008-09. The unsecured loan was of the sister of the capital holder. Now the account of the unsecured loan is showing debit. Now how can this be rectified? Can I show the chq issued as gift to the sister?. If not. then please tell me what is the provision for that?

I was given machinary to contractor but because of flood machinary was destroyed.
Details are given
Machinary cost 1.5cr in my books
contractor pay me 3 cr for new machinary.

How should I account these 3 crs.

Thanks in advance

Hi I am working in a firm, and dealing in the daily sale, purchase billing , sale tax and TDS. I want to know what is the threshold for deducting the tds on advertisement, rent and other sub contractors,.I entered the bill of amount 35000/- of the advertisment in April 2010 but did not deduct the tds. Plz tell me should I deduct the tds on that bill, if yes then what should I do now?