If a contractor awarded 100,000/- work to contractee what is the turn over of the contractee the gross is 100,000/- after deduction of TDS Rs1000 net is Rs 99000/- then turn is 99000 or 100,000

Dear sir,

Pls give the detail of 'd-1' form why we are use the d-1 form and what's benefits of that form

Thanks & Regards
Mahesh jain

My friend has Started manufacturing unit of Flour mill for which bought major fixed assets in 2002-03. In regard of these fixed assets of rs. 100 cr. he got Subsity from government of rs.30 cr.in 2010-11.

I want to know that :-

1. subsidy will be treated as income in 2010-11.
2.it may be deducted from fixed assets. If yes, How and which name and what will the treatment of Depreciation.

Please advice correct and as soon as possible

sir,
i taken chit from chit fund company and i lift the amount before complettion of the total chit installments.how to account chit loss( total chit value - lifted amount)in books of account? whether it is treated as chit loss or interest ? clarify

abc & co is partnership firm which have turnover of rs 55 crores in f.y. 2009-10.
so it is level-1 so all AS applicable i.e. AS 18 etc.
it is firm so only tax audit report is prepared.
so where to report this AS, in tax audit report or not.
if in tax audit report then where reporting done.

can anybody tell me the exact difference b/w Extra Ordinary & exceptional Items in Profit & Loss A/c...........?

Sir,i have a doubt in the following problem.i.e, while calculating the current cost of old asset shall we add the cost of old asset or not? mostly we are adding but in this problem i found only increased amount of material & labour has taken & not cost of old asset plz clear me regarding this..i'm a self studying student.
Power electricity co. decids to replace its old plant by an improved plant with larger capacity. the cost of the new plant is rs 16,00,000. Material & LAbour earlier and now are in the ratio of 4:6. Original cost of the old plant is rs 3,00,000.Materials cost has gone up by 2.5 times and labour cost by 3 times since then. old materials worth rs 10,000 were used in the construction of the new plant & rs 20,000 were realised from the sale of old materials.

How to paid Labour expences when it paid on monthly basis it will be treated as salary then how can we distinguish between labour and salary

please provide me sufficient help


regards

Himansh

XYZ Ltd spending amount in India and debiting to expenses. It takes reimbursement from outside India for this as per contract entered into with them. Whether this reimbursement can be treated as revenue income? Or this should be credited to expenses?

Requested a professional answer with reference to Indian accounting law, standard and practices.

plz send formate of the balance sheet for SOFTWARE PVT LTD COMPANY,how much reserves and depreciation can i claim according to INCOME TAX ACT and COMPANY ACT.