hi Please Clarify any one for the Below doubt

how to Treat the R A Bills in Infrastructure Industry ? is the RA Bill is Sale Income OR Not if not how can we Treat?

Hi:


Request for inventory valuation as per AS and US GAAP.

What is the significant difference?


Thanks & Regards,
Ramachandran.K

X of delhi consigned goods costing Rs 100000 to Y of mumbai.3/5 of goods were sold by consignee for Rs 70000.
commission 2% on sales plus 20% of gross sales less all commission exceeds cost price. what is the amount of total commission??
with solution if possible..

whether overhauling of existing plant and machinery is a revenue,capital or deferred revenue expenditure??

and what if due to such overhauling expected life increases by 6 years??

X of delhi consigned goods costing Rs 100000 to Y of mumbai.3/5 of goods were sold by consignee for Rs 70000.
commission 2% on sales plus 20% of gross sales less all commission exceeds cost price. what is the amount of total commission??
with solution if possible..

Please guide me on how to account for a office equipment purchased before the date of incorporation of a private limited company ?

The company is a joint venture between an Indian Company and a foreign company. The invoice is in the name of Indian company. the amount is paid by the indian company on behalf of the Joint venture company.

It has been agreed that as soon as the joint venture company has is own funds, all these type of cost shall be recharged to the joint venture company.

So my question is that whether this OFFICE EQUIPMENT can be capitalized in the boos of Joint venture ? If yes, what should be the date of capitalization.?

Thanks a lot

The company has sold all of its assets during the year and written down value as per companies act came to nil. Should we create deferred tax assets/liabilities? If yes how we will calculate the written down value as per income tax act. Pls advise.

my assessee is educational trust running school and college..it started new school building construction by purchasing land worth rs.90 lakhs by taking loan of rs.85 lakhs,and construction of only 5 lakhs has been made on building..interest is around 7 lakhs..my question is that whether land in this case will be considered as qualifying assets. my doubts is according to definition land doesnt take substantial period of time to be ready for use, its already ready..the qualifying asset is school building actually..so int to be capitalised is sholud be in proportion of expenses incurred.

Dear Sir,

We have made provision for bonus for 2009-10 for Rs 3000.I wish to know how we book the salary in our books of account? Because suppose in 2009-10 Mr.A get 80 thousand CTC and the bonus liability is another 3000 for 2009-10 but we did not adjust/pay 3000 thousand amount for bonus in 2009-10.Since he got his Total CTC we have not to pay another amount but because of adjusting bonus payable amount how it is to be adjusted/booked in 2010-11 from salary .Whether CTC got changed or not.


Please do the needful.

Thanks & Regards,
Raghav Jha

Dear All,
can anybody provide the Income tax provision regarding "material sent to laboretary for testing purpose", So we booked the expenses under the head "Testing charges". We are comes under civil construction category.My actually quarry as "is testing charges eligible for TDS deduction". If yes then under which head it should be deductable.

Please it's request exparter should give proper clarity on it.