I am 1st Gen entrepreneur and started a private limited company, taken some money for supply of equipment from a partnership firm last academic year, I have not registered for vat nor service tax till date, goods are delivered but invoices are pending from our side, can you help me out. I bought all the equipment from third party and delivered, I have my invoices of purchase, but I didn't file any input vat sort of things as I had not taken vat nor service tax . My sincere thanks in advance if you can clear how to prepare invoices now.

if in que. fixed assets purchaged during the are given ..how to calculate depreciation ....6months or 12 month (NON-PROFIT ORGANIZATION)

Hi, What should be the amortisation method of deferred rent arising consequent to fair value of refundable deposit given for an accommodation taken on rent ( whether SLM method over the tenor or any other method of matching concept ) As per IGAAP: Deposit of Rs 100 is appearing in the non current asset: As per IndAS fair value of the deposit is say, 80 and deferred rent of Rs. 20 shall be recognised in the books and amortised over the the tenor.
Thanks in anticipation of the experts' kind response

Hi everyone, i want to do ACCA diploma in IFRS. Fr that i have come across a online class offered by IFRS demystified. Does anyone have have idea how is the class & should i attend it or not? Any alternative?

We are FMCG distributor of Hindustan Unilever Ltd. we purchase Goods from HUL for Ex :- 1 dove soap for rs 100, (Cost- 90, and tax (VAT) - 10, after 6 o seven month we have returned this material to HUL, at that time HUL gives a credit of Rs. 100 But there are no Tax Adjustment., then what will be the accounting entry for the same ( Debit note entry in our books ), and is there any tax adjusment , that we need to do ???


Please suggest Me

should the curtain n fabrics be shown as Furniture n fixtures???
accordingly can we claim depreciation on that as well as per IT Act.??

or else it should be written off as revenue exps. in current year.
(Rs. 50,000) expected life 3 to 4 years.

Equity shares investments made by public company in its subsidiary as on 31.03.2016 amount of such investments will be paid with in 31st March -16 but at per ROC records shares title not yet transfer as on 31.03.2016 now the question arise such item of investment company whether it shown as a loans and advances or investment in subsidiary.

Please clarity with support to company and other concern allied laws.

Dear Sir,
Please tell me what ratio and other points to be considered for preaparing a balancesheet for propietor business for laon of Rs .1000000

There were losses in previous year but co. did not make DTA because it was not satisfying VCCE limits . Now in current year also , there are losses .So we can not setoff earlier losses. But now VCCE satisfies. So my question is - can we make DTA for both the years in current year ?  What will be the treatment in P/L ?  Is there any prior period adjustment ?  Please do solve my query.

Hi,
I m in a problem to account a transaction. The transaction is.
We paid some amount cash to some people to gets the contract for our bussiness revenue.
So please tell me how can records thease transactions