DEAR SIR
WE ARE A PROPRIETOR FIRM. WE HAVE STARTING PREPARING OUR BALANCE SHEET FOR THIS YEAR. I WANT TO KNOW WHETHER I SHOULD MAKE PROVISION FOR BAD DEBTS IN OUR BALANCE SHEET.
Question:(Period 2009-2010)
Provision for Taxation : Rs. 30000
Advance Tax: Rs. 25000
TDS: Rs. 2000
Actual Tax liability arises to Rs. 40000.
In this case what will be accounting treatment in the books of account in current year and as well in next year?
SIR IF OUR CO. SITUATED IN UTTARAKHAND AND WE SALE GOODS INTERSTATE PARTY. IF PARTY NOT FURNISH C FORM. THAN SIR HOW MUCH CST. WILL BE ADDED. AS PAR MY KNOWLEDGE IT IS 4%. SIR IT IS CORRECT. IF WRONG THAN SIR CLEAR MY DOUBT.
THANKS AND REGARDS
RAJEEV
How should I go about calculating STCG on below transaction? i.e. How much STCG will be there on below transaction.
Example: Share transaction & respective charges on the transaction
Purchase: Date - 01-Jan- 2010 Company - ABC Ltd, Quantity - 50 Rate Per Share - 119.50 Brokerage - 23.90 Service Tax - 2.54 STT - 7.00 Transaction Charge - 0.13 Stamp Duty - 0.60 SEBI Tax - 0.01
Sale: Date - 02-Jan-2010 Company - ABC Ltd, Quantity - 50 Rate Per Share - 123.10 Brokerage - 24.62 Service Tax - 2.61 STT - 8.00 Transaction Charge - 0.14 Stamp Duty - 0.62 SEBI Tax - 0.01
A public limited company is implementing SAP and is treating SAP implemtation as a cost center and is debiting all expenses related to the SAP implementation such as employee travel, welfare, incidentals to SAP WIP Account to be captalised.
Should such expenses be treated as part of the cost to be amortised as per AS 26 or should be charged off to revenue.
If mediclaim is done for all the employees, we are still applied for ESIC whose gross salary is less than Rs 15000/- Pls Help
Hai Friends,
Whether IFRS is alternative or addition to existing accounting standards....
How is the reporting of revaluation of fixed asset? what are the guidelines issued by Institute?
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