Dear All,


A private ltd company - A holds investment (Equity) in another pvt ltd company - B. also in the pursuing yrs, the shareholder A makes payment towards the company B (property purchase,ADVANCES) which is debited to the investment a/c

My qstn is -
1. was it correct to increase the investment a/c?

2. what would be the accounting treatment in the books of the company on sale of shares?

3. What would be the tax implications ?

we have sold some assets as scrap rs. 5,00,000 but we don't know as on date what are depreicated value as per our books because they were bought around 10-12 years ago and we don't have any fixed assets records of that years (assets wise ), pls suggest us how can i accounted it in our books of acccounts , can i show sale value under other income as scrap sale on that assumption we had clim full depreication on these assets and as per books its value is Nil

Dear Sir,

We have Paid our Contractor,Professional,Advertiser TDS for 2013-14 .Now we want to Recover from them .While Recovering the particular Received amount under which Accounting Head entry will be pass ?
In OTHER INCOME - P&L INDIRECT INCOME Side OR In TDS RECOVERABLE . & if it is TDS Recoverable then Under which Head I want to Park the TDS Recoverable Ledger ?

Kindly Explain......

Please ask me for supplement books of cs final

plz explain with example

Should the one time insurance premium be charged in the year of payment or amortized?
If it is to be amortized then for what period?

sir I am direct entry scheme student I am completing my 1 year articles ship but I unable to complete GMCS course 1 due to my economical conditions I am anable to do it . I think I will complete my GMCS Programme After completing my 3 year articles ship it is possible becoz my economical conditions is not good if I do now I lost my 15 days stampned . what institute take action against me? whether institute allows me to attain exam of ipc?

sir i have tds receivable in balnnce sheet last 4 years
sir please tell me that how i adjust tds in current year or how to remove tds in balance sheet

Dear Sir ,

We have paid TDS for 2013-14 for our Employees . Now we want to recover that TDS Amount .So what will be the Entry while paying that amount if we will recover that particular amount while paying the Salary ?

We made Bank transfer for Salary .

For Example : Employee - A Gross Salary Rs.30,000.00 TDS Recovery - 4290.00 Net Bank Transfer Rs.25710.00

Kindly Explain.........

Let me know BEP (in terms of period) with calculation for my investment of Rs.20.00 lakhs in a Project with interest rate 10% and depreciation rate is 20%. calculation under both (discounted and normal payback method) will help. Will depreciation here matter since I am not liable to pay Income tax ?

Thanks