Respected Sir,
shall be CCTV Camera affixed in the factory premises of the company depreciate?

In which group it will fall?

Wht will be the rate of depreciation as per Co. Act & Income Tax Act?

If we purchase Plant machinary at 20000 rupees. then how this enter in Purchase & payment voucher? for plant machinary which group is created ?

i am an investor. I sold my shares some of them long term and some short term.this amounts to Rs 2,06,750.
As per income tax act i can adjust this loss in the following year,but my question is how to place this loss in the balance sheet.kindly help

What is the treatment (accounting and tax) for discount received on payment towards fixed assets?

If it has to be reduced from the value of fixed assets, what should be done -

1. if the WDV of the assets is less than the amount of discount?

2. If the asset is sold before disount is received?

If the above(2) is to be reduced from the block of assets what should be done if it is already NIL?

We received goods from "A co.",but purchase order placed by our mumbai branch also payment made by mumbai branch.what kind of entries and adjustment should be done in our books and which form(C or H)should be given to whom?


From,

Rahul Dutta.
(Accountant in I.G.Mint,Kolkata)

Hi, Experts,
We have a loan of 5 Milloin USD which was sanctioned on 1St April,2008, When the INR/USD rate was 44 Rs. So, it turns out to be 220 Million INR, loan. However the rate of exchange on 1st April,2009 was 48 INR/USD. So, it turns out ot be 240 Million Rs. loan. I would like to ask experts whether the interest rate differential wil be calculated, by comparing the interst of 5 million USD with 220 million INR or by comparing the interest of 5 Million USD with 240 Million INR.

If i have purchased a land taking a loan of 20 lacs. then what are the possible treatments available to me for the interest. Can i capitalise the interest paid on loan after aquisition of land & before repayment of loan. Or i can claim it as a deduction in P&L.. Plz tell.. if 1st option is possible as its preferable..
Thank U

how long can we carry forward the provisions made in the accounts if not utilized during the year

Hi,

I am bit confuse in the accounting concept for partnership interest,
if a company have partnership interest in an firm and firm incurred some loss during the year that what would be the accounting treatment for the partnership firm for loss distribution to company have partnership interest and what accounting to be done in the book of partner company,

Please guys revert ASAP.
Its urgent

My company is readymade garment .How to prepared stock statement and debtors less than 90 days for bank submission and our limit is 50lac.

my e-mail id is: ranjeetkumarroy@gmail.com