any chance for extention audit date ?

Dear Experts, Now I am going through the 3CD line by line of a private company .But I struggling at 269SS&269TT.....plz help through an example

Dear experts,

Please advise, following assets shall be categorized under "Plant & Machinery" or "Office Equipment" for the purpose of calculating dep as per new Schedule II

1. Air conditioners for office
2. Inverter for office
3. Mobiles Phones

Please.......Urgent

what would be the entry of loss in transit and insurance claim received for the same?

I am maintaining my business account stock wise purchase & sales of agriculture items which are also damaged or loss while packing and transporting. so how we booked loss of that items in our books and by which entry. I am using tally so tell me how to book loss and reduce by stock items too.

thanks all experts

Due to the change in the method of depreciation in the current year from WDV TO SLM the depreciation of 1100000 is reversed as an exceptional item without having any change in taxable profit and also the deffered tax asset is standing in the previous year of 300000 and current year depreciation as per slm is 950000

My query is will the reversal of depreciation will have any effect on deferred tax???

normally calculation of DT
depreciation for CY companies act 950000
reversal of dep (1100000)
less: as per IT 1000000
defferd tax liab 1150000*30.9%

IS it correct???

As per new rules existing as well as new assets are to be componantised. so whether depreciation as per IT act to be provided on as per rate applicable to the particular componant or at the rate applicable to whole asset? e.g.: Elevator part of building is componantised. so as per IT act separate rate for building and elevator or same rate as it is integral part of building?

Dear Experts



A company has a canteen in office premises to service employees lunch/dinner etc.



Now employees eat from canteen, dont pay anything and whatever they have eaten gets deducted from their monthly salary as Canteen Deduction.



Now my query is what are the entries the company pass in its books with respect to canteen.

1) when canteen buys food material - Entry?

2) Is this food material current asset?

3) Entry at the time when employee comes, eats and go away?

4) entry at the time of deduction from salary?



regards

Dear one and all

let me know, is reserves carry negative balance which is accumulated.i have seen in balance sheet which is authorized by CA Firm

so could you please, provide info regarding reserves with section. if it is possible kindly paste the website link

dear sir
i am a mobile company distributor.i have a 250 pieces of particular mobile in my inventory at cost of 5000/piece and mobile market price goes down to 4500/piece so Mobile give me a compensation of rs 500/piece and i got debit note of rs (250*500)12500.so my question is how reduce inventory value in by books in tally and accounting of compensation receive from company .