what is the treatment of cash discount allowed to customer . it is shown in credit side or not in branch debtors account

A&B is a partnership firm
net profit after remuneration is Rs.18,62,230/-
remuneration to partner(A) is Rs.2,40,000/-
1. how will i calculate income tax ?
2. is tds applicable on remuneration of Rs.2,40,000

I purchase a machinery for my plant purpose. I take the machinery under the head of fixed asset. input vat is 12.5% charged on the machinery in invoice. shall i claim input tax on the said machinery.is it capital expenditure or revenue expenditure.

Treatment of redemption premium of convertible bonds (and the related legislation/AS/Guidance note/etc thereon)

Treatment of conversion premium of convertible bonds(and the related legislation/AS/Guidance note/etc thereon)

I want to know the accounting treatment for the below mentioned situation of a leasehold land.

Lease Period : 99 Years
Plot Deposit : 5.5 Lac (Refundable)
Development Charges : 14.5 Lac (Non Refundable)
Water Plant Cost : 3 Lacs ( Non Refundable)

How much should i capitalize? How much to be shown as deposit?

Give your suggestions

hello,
i want tally 5.4or7.2 tally software

1. Is there any disallowance of expenses if provision is not made ?

2. Is it complusory to create provision ?

3. Can provision be created for purchases ?

4. why prior period expenses are disallowed ?

5. what if I paid the expense of march in april ?

Suppose, I would like to apply for a loan for the purchase of land Rs.5 Lakhs from a bank.

About 40% of the total land price will be spent from my side as per the sale deed and balance 60 % will be the bank loan.

The security for the loan will be the land itself ( ie, the land to be purchased). I can submit the sale deed to the bank as mortage.

But I can not submit any proof of income to the bank for the payment of EMI.

The bank will provide the loan or not ?

which bank providing / not providing the above facility.

S.K.

1.I would kike to know more about the statutory & genaral reserves of companies ( different forms )in India

2. U.A.E.

3.companies operating in India with branches in U.A.E.

S.K.

How we treat creditors ''unclaimed credits'' in each fiscal year in P & L.


S.K.