An asset has been acquired from abroad without any cost and import duty.
Only flight ticket charges has been incurred ( up and down travel).
Whether it is to be capitalized as cost of asset ?

Suppose Mr.X has died.
Following Property belongs to Mr.X
House-Purchased at Rs.3,00,000/-
Plot- Purchased at Rs. 2,00,000/-
Car- Purchased at Rs.2,00,000/-
Cash on Date of Death-50,000
Equity Shares- Purchased at Rs. 3,00,000/-

Now all these get transferred to Mrs. X & Their Child Y

At what values will the above be recorded if Mrs. X & Y agree to be joint holders.

Dear all

Please explain me briefly regarding service tax reverse mechanism with examples????

waiting for good answer

thanks & regards

Sappagi dass

Where does "Provident Fund" and balance of "Employee Profit sharing account" go in Company Balance sheet ?

Assessee has income from 2 different businesses.. 

One is from Restaurant Business..

Second is Commission from Transporters.. 

He incurs expenses in both of the cases above.. 

Can he prepare two different Profit & Loss A/c's (one for each business) and

One single consolidated and merged balance sheet (for both the businesses as well as personal assets)??

dear sir plz answer main ye puchna chahta hu ki private limited company main tds liabilities kin kin cheezo main aur kitni percent tds kata jata hai for exp. koi tractor ka freight dete hai to us par tds liabilities rahegi kya plz bataye

Dear Experts, One of my Accountant friend had missed to make an entry of Sales return in the books of accounts in FY 2015-16 hence income tax was paid on that Sales return value also. Goods were returned last year only. Can the entry of Goods return be made this FY 2016-17 as it was missed to be entered last year or should it be shown as bad debts? Your early reply will be highly appreciated

In internal Reconstruction , Do we have to write off all fictitious and intangible assets even if not said in the question ?

As per amendment in AS 4 , Proposed Dividend is required to be shown in notes to accounts , so will entry be passed in journal for it ?

hi i am a small proprietor running a job work business. i have been running this business for last three years. but i did not open any current account. i just opened my current account this month. i wonder if i can deposit my cash received till now in this financial year in my current account?