hi,
Where an asset has reached its residual value of 5% under SLM and the company is still using that asset and keeping this asset at residual value of 5% in their FA register but it claims depreciation under WDV for tax purpose.
Whether the difference in taxable income and accounting income on account of depreciation charged in IT Act and no depreciatoin charged in Co Act will be timing difference or permanent difference??

hi friends,
presently we are using focus 5.5 software for inventory and stores Mngt and now we are going to upgrade it focus 6.0 version and bought for Rs.55000
hence is it revenue exp or Capital
plz suggest me

Dear sir

Please tell me PF rate & contribution details.


Regards
Ram

Is there any restrictions as to how many times a company can declare an interim dividend during a particular financial year.
Secondly is it necessary to open a separate bank account every time an interim dividendis declared?

Can a company use an account once opened for subsequent distribution of interim dividend?
Please clarify!

What is diffrence between consumption of raw material & purchase of traded goods

i want to know that is it mandatory to disclouse related party transaction in case of pvt.ltd.co. who has not proposed public offer

Tell me the name of best reference book for Advanced Accounting-CA FINAL.

A COMPANY CAN PURCHASE ITS OWN EQUITY SHARES ? REASONS

A public Ltd co take loan to purchase plant and machinery to enhance the production. The plant and machinery purchased is ready to use. Pls suggest me whether upfront fee of loan and interest on loan can be treated as Borrowed costs or not. Give me ur suggestion with ref to AS10, AS16

plz explain in detail & simple language AS22