Interest subsidy received for a project, subsidy given for a term loan as if reducing interest by 2%, loan period next 7 years, Now ineterst subsidy showing in balance sheet liability side, if iam taking this subsidy as defferred income what is base? whether have to adjust on NPV basis, if using NPV whether balance amount will come in subsidy(un adjusted)?
Please send your suggestion fast.

sir/ma'm

sir in many case i have seen that the exporter recovers lesser freight from buyer than it actually pays to the CHA.
whether it is a correct practice in view that it directly effect the FOB value as FOB is increased & thus extra export incentives are received.
whether FEMA permits such contracts to recover lesser payment on account of freight??

Sir,

Through the statement of Profit & Loss account we ascertained either "PROFIT" or "LOSS" and not ascertain both at a same time. Then why should we call as " PROFIT AND LOSS A/c instead of " PROFIT OR LOSS A/c ?

WE EXPORT GOOD IN F.Y.2006-07. BUT THE SAME HAS BEEN REJECTED BY CUSTOMER AND REHJECTION LETTER & COPY OF B/L FROM BUYER SIDE RECEIVED IN SAME F.Y.200-07. BUT BILL OF ENTRY DT.IS IN F.Y.2007-08. SO I WANT TO KNOW THAT IN WHICH F.Y.WE PUT ENTRY OF SALE RETURN. PLZ REPLY ASAP.

sir,

What are the likely Risk Implications for a Company when The Income earned from sale of scrap is not accounted.

Thanking You,
Madhu.

my client,s business is related to software and they do follow a wdv method of depriciation...
if i calculate depriciation at 40% as per companoes act for computers and software the asset value is negative...
is it put as a scrap or what am i to do...

Assume tht in a big industries trasanction shows:

Qty mentioned in DN & DC is 100 Qty
but the Co., received the qty 110(as per GIN)

should i raise the Credit Note for 100 Qty or 110 Quantity

please tell the impact also for the same

pls reply in my mail also prakarthi@gmail.com

Can you send audit checklist for the follwwing areas under manufacturing industries point of view

1. Lease
2. Bills Discounting
3. Pre & Post Shipment
4. Labour Contracts Payment

Regards
prasanth v nair

pls. send one audit checklist to the above to my mail prakarthi@gmail.com

Hi,
i want to know about FBT.Whats are accounting procedure for this ?

If iam deputing my empoloyee to one of my sister company,will it be my income if the salary is paid directly by the latter company to the employee.

Will there be any change if the PF is paid from my end.