when should be the import puchases booked,on the date of bill of entry or when the goods are received??. Also tell me what should be the rate of exchange for booking the import purchases in foreign currency,rbi rates or cbec rate.My co. is taking rates of rbi given at the the end of the month for booking next months import purchases.

please help me...

i have doubt in intra group transactions between holding and subsidiary:

relating to stock......downstream and upstream transactions....

i studied that 100% of unrealised profit on downstream transaction should be deducted from holding company's share of profit WHILE unrealised profit on upstream transaction should be reduced from the share of holding as well as MINORITY INTEREST on pro rata basis

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NOW THE DOUBT IS ....WHETHER THE AFORESAID TREATMENT IS CORRECT OR NOT....IF NOT TELL ME THE CORRECT TREATMENT

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SOLUTION PROVIDED ICAI IN PRACTICE MANUAL DO NOT DISTINGUISH UP / DOWN STREAM .....IT JUST DIRECTLY DEDUCTS 100% OF UNREALISED PROFITS FROM HOLDING COMPANY'S PROFIT EVEN IN CASE OF UPSTREAM ! ! !



PLEASE KNOWLEDGEABLE PERSONS HELP

Please tell me that a company should make the provision for gratuity or not as provision for gratuity is not allowed u/s 40 of income tax Act. so the co.should make the provision for gratuity or not???

what is the journal entry for advances payin to employees and what when employee pay back its advnces?
what are the step taken by the company if advances paid are not recorable?
what is running advance?

In general cases the value of building goes up so why we charge depreciation on the buildings.

Dear Sir
Please help me to solve this problem regarding PDC Cheques.

I make one cheque on 02/01/13 (bpv Date or cheque written date)and the cheque dated on 03/03/13 (due date). and it is encashed from bank on 05/03/13. so i make reconciliation on excel sheet like this

1,02/01/13 (bpv dt:) 05/03/13 (encash dt:)

2,03/03/13 (chq dt) 05/03/13 (encash dt)

which one is correct please help me

Thanks

Dear Sir,

Please guide me for my query.
we are the contractors and we have a contract that renovatoin of zp main meeting hall in that AC and Chairs supply is there so we have decided to buy the above furniture including transportation, handling and installation charges and he will furnish the bill for all the above mentioned. will it attract tds on contract

We are a Indian private limited company and want to do technology transfer to an Indian Pvt Ltd company

1. How transaction takes place? what are taxes applicable
2. How much depreciation applicable.

hello,

pl guide me the accounting entry for the following transaction.

one automobile dealer given the service for repairing and installing diesel pumps in vehical. and raise the bill as per item and labor charges. if the one of the part is in warranty , they replace that part , that part was sent to company, and company gave them cr.note. how the dealer shows that transaction. is it show that warranty sales as per mrp / pur. price. or only inventory entry shows by

I have a query regarding Sales return in Tally.
1)How to reflect sales return in sales register to find out net sales in sales register ?