Suppose a trust wishes to acquire premises in a posh locality. Ownership title of the seller is not clear. Accordingly, the trust appoints Legal Expert(Advocate/Solicitor) to determine the true owner of the property. Now, should the substantial fees paid to the legal expert be capitalized after resolving the matter & acquiring the property?

Further, what will be the accounting treatment for the substantial amount paid to the legal expert if the deal does not materialize & the trust changes its mind & does not move ahead to acquire the property?

how base rate is calculated ?

EXPLAIN ME THE EXCAT RULES OF CASH PAYMENT OF RS. 20000/- IN DETAIL WITH EXAMPLE.

IF I PURCHASE FROM ONE PARTY "A" ON 24/06/2011 FOR RS. 15000/- IN CASH, ON 25/06/2011 I PURCHASE FOR RS. 15000/- IS THIS VALID TRANSACTION BECAUSE MY TOTAL CASH PURCHASE IS MORE THAN RS. 20000/- IN CASH CAN I DO THIS TYPE OF TRANSACTION FREQUENTLY WITH THE SAME PARTY.YES OR NO. ?

I HAVE JOINED NEW COMPANY.BUT I FOUND OUT THAT FOR QUARTER 2,3 & 4 OF F.Y 2010-11 FORM C APPLICATIONS WAS NORT MADE & HENCE FORM C WAS NOT ISSUED TO PARTIES.

NOW I WANT TO KNOW THAT WE ARE IN THE PROCESS OF MAKING FORM C APPLICATION ONLINE SO CAN WE FACE DIFFICULTY FROM SALES TAX EPT.

A pvt. ltd. company incorporated in july 2010 and subscribers hold full shares and shares alloted on jan 11 to that members ( subscribers are the members ).
My doubt regarding EPS calculation, how to arrive WANES ????
period from july to march or jan to mar shall i take for WANES??

explain with example.

As per AS 20 and companies act sch VI disclosure is mandatory for PVT LTD ??

IF WHILE ISSUING FORM C WROGLY 2 TRANSACTIONS ARE TAKEN INSTEAD OF ONE TRANSACTIONS HOW TO RECTIFY FORM C

Sir

Please let me know what is capitalisation of Fixed assets?How it is capitalised?why it is not recorded as expense when we purchase an asset?

Regds

sanjeev sharma

Dear sir,

If an assessee maintaining joint account of savings bank account with his spouse.
Whether the same savings bank account to be shown in the books of his spouse.What is the appropriate method of principle to be adopted. I need the clarification.

with regards
dhilipkumar a.

How to Calculate Accured Interest .......
Suppose a FDR of Rs. 500000/-
Created date -- 09-07-2011
Maturity date ---09-07-2012
Rate of interest---8%

than Accured interest -----????
Interest Received --------??????

When we wiil book accured interest on the maturity or created date

Whate will be entry on my books

sir what is the entry for provision for salary , complete entry with effect of epf, esi