Why we deduct TDS?
Who deducts it?
How is it deducted?
On what it is deducted?
For what it is deducted?
when it is deducted?
Wat entry is passed then?

Dear all,

Whether the expenses incurred in a farm for purchasing 800 banana plants for total of Rs.30400 can be capitalised or to be expensed? The activity is sale of agricultural produce. no other farm activities.
I am asking because i think this is outside the scope of AS-10 as it is a natural regenerative resource.
What will be implication for tax purpose/depreciation.

dear all

my attempt for pcc is in nov9. i have yet not studied theory.
i am confused from where to study, from module or compilation? i found module too lenghty.

can anyone send me theory notes. it will be of greathelp.

my id is abhipcc@rediffmail.com

Hi,

1.How to identify an expenditure to be called as Capital or revenue expenditure?

2.I want to know the Accounting Treatment for Capital expenditure (in respect of a Product (Software)which is still not yet completed or other words, which is in Development stage as on March 31, 2009)and revenue expenditure in the books of accounts.

Thanks,

Gurmeet

Dear Frnds

Preparation of Balance sheet pursuant to Schedule VI of the Companies Act, 1956 requires depreciation on the Fixed Assets of the Companies.

Can a Company decide not to charge any depreciation on the assets of the Company becaues the Assets are not put to use.

The assets are more than 10 years old & the Company has chagred depreciation on those assets for the past 10 years but the company don't want to charge any depreciation from this year.

Pls advice whether it is permissible under law to do the same.

pls take it as urgent

Best Regards
CS. Deepika Bhardwaj

Dear Sir,

We have raised Invoice to customer for sale of material, but in transit material damaged. Party return back material to us.

The damaged material claim received from Insurance company.

My question is : Is the Insurance claim received shown under the head of misce. Income or down the purchase value of raw material materail ?

Pls give me your valuable advise.

Baljinder Singh

Please tell me the source from where i can have condenced understanding of IFRS.
Thanking you in anticipation.

Dear Sir/Madam,

I am confused about salary deduction of employee , How deduct their amount from there salary?

I want to know the calculaton of yearly 5,04,000/- salary as per income tax slab.


Please solved my prolem,

Thanks,

Poonam.

Dear All,

Let A is an employee getting 30,000 pm as Gross Salary.
Other deductions are PF 1000, PT 200, TDS 1500 out of the gross salary.
Now the employee wants a loan from company for Rs. 60,000 which ll be recovered from him in 12 installments as 5,000x12=Rs. 60,000. Let say for that loan interest is flat 500 per month for the 12 installments.
Then please tell me how should be the entries made so that the principal payment and interest on it can be reflected.

what is the difference between repo rate & rerepo rate