Hello Sir, Can anyone tell me what are the rates for the current year in Banking Company Accounts regarding of Provision for the following :-

1.) Standard Assets

2.) Sub Standard Assets

3.) Doubtful Assets

Upto 1 year

1 to 3 year

More than 3 years

With thanks & regards

Baldev Chauhan

what is the difference between turnover and sales ?
please explain with an example.

hi
if a company buy back its shares as on 28.03.2008 and since as per cos act they can hold them till 7days....

then whats the treatment?
n what r all entries wil come...?

and also tell me how can i get all recent tax case laws in internet r where?

Please send me detailed Indian accounting standards

thank you

balu

As we are passing on the fringe benefit to the employees like Telephone Reimbursement and reimbursement components like entertainment, vehicle running expenses for manager. Is there any way that we can recover some FBT from the employee. For example 20% FBT on vehicle running expenses can we recover 6 or 8 % from employees pls let me know

Is there FBT on the medical reimbursement given to the employee which is considered as taxable benefit to the employee for his income tax.

For Investment company, shares and securities lying in stock, what will be valuation norms as on balance sheet date ?

Dear experts,

we are giving a special allowance to employee's as part of salary and we are giving a deduction u/s 10 and paying FBT on special allowance now question is whether its taxable on employee's part or not

Thanks & Regards
Ravinder

Suppose we had buildings built in 1970 at Rs. 1 lac.
The said building was revalued in 1990 to Rs. 20 lac.
The said building was again revalued in 2005 to Rs. 35 lac.

The WDV Method of Depreciation is followed @ the Companies Act rate of factory building.

Now to realign all the assets with the same method , the management is planning to bring it to SLM basis.

What will the method of computing depreciation on the building , and what kind of assumptions as to the useful ife and rate of dep. has to be taken.

If a company purchased a constructed house whether cost of land and building are required to be separately capitalise. How these are separately assessed that what is cost of land and building