Dear Sir

Shall we capitalise the following as fixed assets ?

1) purchase of new cartridges
2) purchase of computer mouse
3) purchase of motherboard, adapter, hard disc
4) purchase of UPS

Total purchases may be below 50000 to 60000.

Please answer and if yes to which account should this be debited ?

Thanks
Arun

I have fixed deposits of two banks and opening balance is shown of two fd accounts.when i tallied both the bank's fixed deposit,i found that there is a deficit in 1 bank's fd and the same amount is shown as surplus in other bank's fd. can i adjust the surplus amount with the defecit?
ex: fd with sbi showing deficit ( 10 lacs)
fd with central bank showing surplus 10 lacs

can i adjust them as on 1/4/2013?

What IND-AS are applicable on Companies ???

dear sir,

what is the IT slab for a director's salary,
if a director has drawn a salary of rs.1,40,000/- for a whole year, is it taxable, if so what is the percentage to be charged.

please solve this query.

regards

vijay

I am finance executive how can I prepare a profit and lossaccount procedure

when I will file my I.tax return for the f.y 2013 - 2014 what i have to show their regarding the amount i received against land sold . And how i will calculate the long term capital gain. Till than is it fine to keep the amount in my savings bank account. Thanks a lot sir

land was purchased in September 2003. now i am selling it out. Some portion of land was sold in February 2014 and the consideration amount i deposited in my savings bank account. While the rest portion of land going to sale out on March 28th 2014. For L.T.C.G i want to buy bonds. My question is 1)should i have to invest in current f.y I.e. 2013- 2014 2)Or can i purchase in next f.y I.e.2014-2015 3)should I invest in NHAI or in R.E.C or 50% in ech

I want to know whether Sundry Debtors is a Tangible Assets or Intangible Assets ?

Please post with reasons.

Query related to AS-18 If holding co. Trasfrs GOODS to subs.co... it is a related party transaction...but while preparing consolidated fin. Stat no disclosure of the same is reqd in CFS. Similarly if holding co. Transfers any ASSET to subs. Co...it is a related party transaction....my question is whether in cons. Fin.stat. does it need to be disclosed or in this case also same treatment is to be followed as in case of sale of goods by hold.to subsidry......pls reply

Pls can anybody tell me if loan taken for the purchase of building and intt. on that loan can be treated as borrowing cost and other cost to take that loan is to be included in loan or borrowing cost or taken to profit & loss a/c as a indirect expense.



WHAT are the treatment of borrowing cost in regard to INCOME TAX.