I purchased a old and used generator from gujrat when it comes from gujrat throw my own transport police deduct a challan of Rs 13000 due to overload of truck .so I want to ask that can i capital that challan amt. in generator cost ? if no where i can book that cost in my account. reply fast.

Deal All

pls help me on following:

software & hardware used in information technology industry will be depreciated at rate of plant & machinery (15%) or software(60%) or at some other special rate of depreciation??

Regards
Deepak

what will be requirement for preparation of final statement for a proprietorship form,

please send me information on my mail ID arunbsharma@in.com

Pls guide, what should be the a/cing head for various types of AMC chgs? in P & L A/C

Tnks.

Hi,
Can anyone tell me whether to capitalise interest on specific loan amount taken to purchase a vehicle if the order was placed with the dealer and the car was not delivered for two months.
Amount of the vehicle was already paid to the dealer.
Interest was regularly paid to the bank.
Will this asset be called as a qualifying asset under AS16.
Reply ASAP.

Dear friends..

My query is very simple regarding capitalization of certain expenditure. While purchasing a machine, i.e., import of a machinery, do we capitalize the customs duty paid for it?? All the other expenses related to the installation, etc are capitalized but what about the customs duty paid? is it to be treated as an expense or should it be capitalized?

Waiting for a reply...asap..

Dear experts

Please tell me if i have taken a unsecured loan on interest and has given this amount as advanced for purchasing a land then can interest be added in the cost of land? if yes
then plz elaborate under which provision?

what is air please know about in detail

CA's are exempt from payment of Service Tax now payable on Billing basis wef-01-07-2011

With reference to the above statement only CA are exempted or any other category is also omitted from the Service Tax payment on billing basis

suppose
asset's Historical cost-- 100000.00
Provision For depreciation- 25000.00
WDV as on 01.04.10-- 75000.00
Asset is sold for --- 120000.00
What should be the accounting treatment in the book of account And whether capital reserve arise for rs 20000.00 ?