Sir,
The Client maintained deferred tax asset nearly Rs. 20,00,000 in FY 12-13 and filed Tax Audit Report. But after wards they didn't file any income tax returns. As per AS-22 if there is any certainty of taxable Income arises in following years only I need to maintain Deferred Tax Asset. But in the above company they are incurring losses in the following years. So I realize the maintainence of Deferred Tax Asset is not ethical. What will do for Closure of the amount reflected in Deferred Tax Asset?

Dear sir, I started working for a private company in Mumbai from 15th October 2016. I am getting my remuneration of ₹. 55000 in cash from said period. The same I am depositing in my bank account regularly. Prior to the current company I was working for another private company for the period 1st April to 17th august 2016. My remuneration was ₹. I 65000. In this company I was getting remuneration in Vijaya bank salary account opened by that company. I was getting my salary with TDS deducted. I am filing tax returns from past 3years. Now I want to purchase a home, and for which I have to give last six months bank statement. But in my bank statement the remuneration I get is displayed as cash deposited. Will I get a loan as per normal procedure in this situation?

I am confused that all electrical items in a company having considerable value for capitalization are electrical equipments.. and all office related equipments are office equipments..But air condition is a part of office equipment bcz my manager booked it as office equipment plz guide..

For example- if a assessee buy a product Rs. 100 and also he paid to tax 14.30% and after that he can sale the product interstate 2% which he can claim input tax credit how?

Sir,
The cash limit was regards salaries Rs.12,000/= payable to driver, can I pay Rs8000/= or Rs.10,000/ by 3rd week and balance will be paid by end of the month, both by cash. It is allowed, please reply, thank you.



Sir,
I have payment of Rs 12,000/=, as per the new rules can I pay Rs.10,000/= today and Rs.2000/= later some times. please repaly.

i purchase a land in 1980 and now value of land has been increase. i want to report in balance sheet 2016. on such value i have to take in balance sheet as on 31.03.2016.

hi would request any body tell me the way of Church books of accounts and returns. In which accounting standard will come under thanks regards poorna chander

Hi, ours new company started in November 2016 , from November to March 2017 we have paid salary without deducting TDS as no one is under TDS from November 2016.Some employees are worked in other company and they didn't submitted their form16 or other proofs of TDS from exemployer . So we paid salary without deducting TDS.so should we issue form 16 to employees who are willing to file IT.

in constructed new building we fitting 1.Electricity item (wire, pvc pipe, electric goods) 2. Sanitary ware ( water pipe,bathroom fittings, etc.) so please suggest account head for both items, weather its capitalize in Building (WIP) or other heads.

Dear Expert ,

plz tell me car parking expenses comes under which head in accounting.i took under vehicle maintenance whether it is correct or not.Thanks in Advance