If a co. wants to buy back 100000 equity share of rs. 10 each. for this purpose co. issued 2000 debenture @100 each and preference share 5000 @ 100 each. then plz tell from what amount we will create CRR.
i registered for ipcc on july 2010, wil it b valid until may 2014 exams??? or do i have to register again if i want to appear in may 2014 for my exams???
Hi... where can i get the correct depriciation rates for company fixed assets?? i need to check and charge from the year 2008 to till date. And if suppose dep on particular asset is say 10% in the year it was purchased, can it change as in the subsequent years?? Depriciation for company fixed assets should be charged by using WDV method or SL method?? which one is better to follow??Please help.
X LTD OF INDIA PURCHAE IMPORTED CHEMICAL FRORM Y LTD USA,INVOICE VALUE IS 2435 USD.EXCHANGE RATE IS-60.66
BCD RS.18666,CVD RS.24625,CUSTOM EDUCATION CESS RS.866,Custom Sec & Higher Edu.Cess Cvd@1% RS.433,Add Duty (Imports)-9425.
KINDLY EXPLAIN ACCOUNTING ENTRY OF IMPORT PURCHASE,CUSTOM DUTY & INPUT CVD & ADD DUTY FOR CENVAT CREDIT
HI,
OUR COMPANY FOLLOWS THE RATES OF DEPRECIATION AS PER INCOME TAX ACT,FOR PREPARATION OF ITS FINAL ACCOUNTS. MY QUERY IS WHETHER WE CAN USE THE RATES AS PER INCOME TAX ACT IRRESPECTIVE OF WHETHER THEY ARE MORE THAN THE MINIMUM RATES GIVEN IN COMPANIES ACT OR NOT. IS IT SUFFICIENT IF THE TOTAL DEPRECIATION CALCULATED AS PER INCOME TAX RATES IS MORE THAN THE ONE AS PER COMPANIES ACT OR IS IT THAT WE HAVE TO CONSIDER EACH ASSET CLASS INDIVIDUALLY.THANKING ALL YOU READERS IN ADVANCE.
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Interim dividend