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smitha rajesh
06 October 2017 at 12:39

GST on gas

can company claim GST input on gas purchased as fuel


Rohit
05 October 2017 at 20:46

Provision for bad debts

If an organization has been continuously observing that historically 2-5% of its debtors never pay up. In such a scenario, is it legally possible for the organization to create a Provision for Bad Debts or a Bad debts reserve so that it need not unnecessarily bloat its profit and pay tax over money it is not going to get anyways??

If the above is not permissible, how does the organization get compensated for the tax paid on income never received?


CA. ARUNIMA BHAR

If due to ICDS 2 we include VAT and other taxes(for which credit available)in closing stock for tax computation purpose,do we need to create Deferred Tax Asset even for sole proprietorship concerns also??If yes then what will be the tax rate--will it be Avg Tax rate?[derived by (Tax payable/Total Income)]
And even that has been done how will it's reversal be done if in next year different tax slab applicable for that assessee?
please offer your valuable suggestion..


abhishek chauhan
05 October 2017 at 10:54

Accounting head

Dear sir, please tell me that dth recharge in the hotel room comes under which head in case of hotel accounting?


vijay
04 October 2017 at 17:27

personal exp accounted in books

director get his reimbursement of filling of fuel in car while the car has not registered in the name of the company also the same has not shown as assets in the balance sheet whether claiming of reimbursement shall be considered as personal experience or not.


Augustas
04 October 2017 at 14:11

Deferred tax rate

A Company is having turnover of less than Rs. 5 Cr. in FY 2014-15 as well as 2015-16. So while computing deferred tax for F.Y 2016-17 which is the relevant tax rate? Is it 29% (ie the income tax rate for A.Y 2017-18 given in Part I of Finance Act 2017) or whether it is to be calculated at 25% (ie the Advance Tax Rates for A.Y 2018-19 given in Part III of Finance Act 2017)? Please advice.


Amandeep Singh
04 October 2017 at 11:26

Saving bank account interest

Dear Sir

Is saving bank account interest is taxable ?


Ritin Suvarna
04 October 2017 at 10:29

Valuation of Goodwill

what will be the effect of proposed dividend while calculating closing capital employed?


chinka
03 October 2017 at 19:59

Direct expense

Sir,
i have two doubts regarding direct expense.
1. purchase tour
(travelling expense to purchase
daily allowance to staff on tour
room rent)
1a .whether purchase tour can be considered as a direct expense?
1b. if we could not meet our requirement from our purchaser, (that is, not purchased from the purchaser)
whether this can be considered as direct expense or not?

2. in a trading firm, whether warehouse rent used for this trading firm is considered as a direct expense or indirect expense??


mrunalini
03 October 2017 at 19:12

Gratuity

Could anyone please say the effective date(or AY) from which increase in limit of gratuity ( 20 lakh) applicable??






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