Suppose there is a carry forward loss of Rs. 3,00,000 on which DTA has not been created in earlier years.

Now in the current year loss of Rs. 1,00,000 is set off against the profit earned & company want to create DTA on the remaining loss of Rs. 2,00,000.

Whether it can create the DTA, and if yes, how it will created & treated in the books of account?

Expenses paid for purchase of medical in First Aid box kept at factory . kindly guide under what accounting head comes above expenses

Rs. 100000/- investment market value is nil . what should be accounting treatment when we wants to write off this Rs 100000 from the book of account.How?

Dear Sir/Madam,

Our nursing home has granted to treat BPL Card holders & money will be given by the Government Agency to my Bank Account for the A/Y:- 11-12. Lots of patient were treated & money is also granted in bulk as 100000, 200000 etc.
How I make entry in my accounts.
For example Subham,Saurabh & Alisha came to us for treatment & we treated him & charged 6000,5000,2000 from the Government Agency. How I enter them in my accounts but I got money as 50000 for other patients too. How I bifurcate it & make entry in my book of accounts.
Will be waiting for your answer.
Thanks in advance.

Dear sir,

Ours is a Pvt Ltd Company. We have taken Land and Building on lease from an individual for 30 years. One time consideration is Rs. 3.35 crores. The Cost of Land and building in the books of the individual (LESSOR)is Rs 3.30 crores. As per the terms of lease agreement, the lessee (PVT LTD COMPANY) has to be return the property to the lessor after the period of lease and there is no residual value attached . The lease is transferred with all risks and rewards incident to ownership of the asset.

How should the LESSEE i.e the individual tax payer recognize the receipt. Is it capital receipt or revenue receipt?.
There is no yearly lease rentals and no interest is charged.

LESSOR: Individual

LESSEE: Private limited Company

Lease Property: Land and Building

Lease consideration : 3.5 Crores One time payment


Please clarify

the bill for the internal audit expenses for the period from january-12 to march-12 was issued on 20/06/2012. the provision related to such expenses was not made as on 31st march2012. whether the amount of expenses to be dr. under prior period expenses as on 20/06/2012???

Hi friends, we received some consultancy service from "A" . A sent bill for that service as on 10/06/2012. In this case we have to pay TDS before 06/07/2012.We paid before that date. After that cancelled that bill because of some reason.In this situation what we can do? How claim that amount? Please clarify it.

Dear sir

how to record the advance Rent of 10 months. which will be paid my a donar as donations. which shopuld be repaid to the donar at the time of vacating the house. can u pls help in this regard,

regards
harish
Articles

sir,
i have an doubt on revised schedule vi whether the revised schedule format is applicable for perpation of company a/cs only or it will applicable remaining accounts like perpation of single entry a/c ,partership firm balance sheet also? in rtp of ipcc published the format only for company a/cs like amalgamation and remaining a/c s format in old format only

Hi! Is Profit and Loss A/c an account. If it's a statement and not an account, why the word 'A/c' is put after it? Also, I've heard that P/L A/c is also called trading a/c. Is it correct? In my view trading a/c is a part of profit and losss a/c.