My nanaji(my mother's father) sold his house and distribute the sales consideration (i.e. 1.5 crores) to my mother and aunt. My grand father(maternal) do not have PAN therefore no itr has been filed by him yet. Is there any tax liabilty generate towards my mother.?

Pls explain about Accrued Expenses.

main concept

Can residential house be describe as fixed asset in balance sheet, where assessee is individual.?

Dear experts plz tell me revenue recognition criteria for Software Companies? What kinds of contracts does a software company enter into with its clients? plz reply urgent Thanks in advance

our client is partnership firm & now it is going for dissolution. the partnership deed was first made in 2005 wherein details of remuneration to partners was not mentioned so in 2006 a new deed was made stating partners remuneration then after this in 2007 the deed was again changed due to change in profit sharing ratio.So while preparing dissolution deed do we need to mention details of all three deeds or only the latest one? Also please suggest the format for dissolution deed

dear sir,

what is the annual rate of profession tax payable by the employers of a private limited company and proprietory concern in karnataka and the last date of payment !

please resolve.

with best regards

vijay

we purchase in out factory vacuum cleaner and god which heads of account of both item

I have purchased 2 type of goods. Goods X pur from local & freight exp paid to a transporter and Goods Y pur from party nd party had already paid freight exp to transporter and issue an invoice (inclusive of freight exp).

What should be the treatment of Goods X pur and Goods Y pur.

plz ensure the journals entries.

Head office is in Mumbai & branch is in Hyderabad.Prfit earned by Hyderabad branch in a particular accounting year is to be transferred to head office in the books. Than what accounting entry to be passed.
The situation is head office sells the goods to hyderabad branch at cost.And than hyderabad branch sells the goods After their profit margin .....so all the net profit the client want to appear in single account i.e in head office accounts .....
So can anyone suggest me the accounting entry to passed.