Hi,

As we all know after completion of Project we transfer cost from CWIP to Respective Asset head.

what if before completion of that project I sale it from CWIP?

will it consider as Normal Sale?
or
Sale of Fixed Assets

Can anyone tell me exact accounting treatment for this?

Thank you.

A COMPANY IS PURCHASE ON SOFTWARE FOR RS 13500 . SO COMPANY CAPITALIZED ON SOFTWARE AS A FIXED ASSET OR NOT IF COMPANY IS CAPITALIZED THEN THE RATE OF DEPRECIATION OR IF NOT CAPITALIZED THEN WRITTEN OFF IN P & L SO PLEASE ADVICE.

A COMPANY PURCHASE ON MACHINERY ON 6-2-2013
BUT MACHINERY IS INSTALLED ON 15-2-2013. HOWEVER COMPANY IS CHARGED ON DEPRECIATION ON THE DATE OF PURCHASE IRRESPECTIVE OF DATE OF INSTALLATION SO PLEASE ADVICE COMPANY IS CHARGE DEPRECIATION IS RIGHT AR WRONG.

I paid Commission and deducted tds what is entries for the same

Dear Friends

Need your valuable suggestion on following:
Few bills of machines purchased in last year have been missed to enter in books.that have been audited as well.
We got the bills in this F/Y.
How to enter them in the books of Current year and what about Depreciation.

Dear Sir,
Please clarify the following,
we have the following parties,
1) sss p ltd
2) party x
3) party y
if party x provides open land on monthly rent to party y but billing is on the name of sss p ltd on account of party y
i) here sss p ltd paying rent first to x
ii)sss p ltd claiming reimbursement from y

what are the areas of tds applicability, is sss p ltd required to make tds

Can one reverse the Opening DTL if the current year loss as per accounts is -2400000 and loss as per income tax is -2600000.Also is reversal of DTL tantamount to creationnof DTA.

Thank you but if the company not doing any business then is it prudent to create DTA?

Hello Sir/s,

I want to learn Pay roll part and tax calculations can you plase help in this regard .could you please do the need full .



Thanks & Regards

Sathish

Dear All,
As I want to know, whether AS-22 applicable on Life insurance companies,
If yes then any exemption to not follow AS-22 to them?
and whether they mandate to show deferred tax in Balance sheet too?
Please give your precious response...

SALARY Payable to PROJECT MANAGER & CONSTRUCTION MANAGER, should be considered as office overhead or it should be proportionately debited to Project Expanses, Kindly Clarify..