what is rate of depreciation on computer software under companies act.

Sir tell me,i am doing some entry so is that right and wrong.

At the Time of Income Tax Provided in book
Profit And Loss A/c .....Dr (last year Loss)
To Provision for Income Tax (Current Liability)

Ans At the time of Payment TDS and self assessment tax balance transfer

Provision for Income Tax ......Dr 32
To TDS receivable 32

what is the difference between Interest accrued and due & Interest accrued but not due.Please explain with example and interest accrued and due falls under which head. Thanks in advance.

I had 6000 shares of Indiabulls realestate.
The company demerged into Indiabulls wholesale and issued 1 share for 8 shares held in Indiabulls realestate. (The record date was 25/04/2011 and the shares were listed on 16/08/2011)

My query is at what amount should I record the above shares received from resulting company?

sir,
i have purchased some material in my company from singapore based company for Euro XX.
now i have received a letter from City bank saying i need to pay them(factor discounting)...i have approached my banker IDBI bank but they are suggesting that bank can pay to the singapore based company from where we have purchased goods n not to the City bank....
plz advice what should be done n which bank should i approach..

thanks in advance

PVT COMPANY HAVING 2 DIRECTORS.ONE DIRECTOR GAVE JEWELRY WORTH 1 LAC TO HIS RELATIVE FROM THE ACCOUNT OF COMPANY.PLS SUGGEST ACCOUNTING EFFECT.

Our co provided car to his employees on following terms.

20% of Car value is paid by employee to company and company pay 100% to vendor and car purchased in name of company.

after five years car will transfer in name of employee and employee bear the transfer cost.

All running & etc exp will born by employee.

during 5years terms a installment will be deducted from employee salay as per following calculation.
Installment amount = Total car value - 45% of car value- 20% of employee contribution – divided by 60 months

Please let me know the proper entries which we book in our books.

anybody have draft balance sheet of catering business, i have urgent requirement of that so please send it me on my e mail id pragnesh1011@gmail.com

Dear sir,

Why we will call profit & loss why can't we call it as profit or loss a/c because the balance amount will be profit or loss ?


Thanks in advance

in company final account ,why interest paid to debentures is debit to p&l a/c? And why dividend paid to share holder is debit to p&l apporation a/c. ?