pls tell me applicabilty of WDV and SLM method under companies and income tax act.

whether we can use slm under income tax act.
How it affect the MAT for calculation of Tax

hi,
we transfer one used machinary from our one location to another location,wheather the incidental transfer cost and instalation cost of such machine to be capitalised or to be charged to revenew as per As 10.

Dear all
Is interest u/s 234 A,B,C required to shown below the line as part of the “provision for income tax “or should be show above the line as tax expenses? Is institute has issued any guidance note regarding Disclosure of interest u/s 234 A B C?

Please guide me

Thank U

SANKAR PARANAM

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.