As new Indian accounting standards are released, what will be the applicability of accounting standards for exam. will it be Ind As or AS or both?

A ltd has paid service tax on income earned from business auxiliary services rendered by them during past few years. They had not accounted service tax liability in the books at the time of receipt. whether the payment can be treated as prior period expense in the current years financial statements?
what will be its treatment in computation of income tax?

A company Manufactures cement, it is constructing a wagon trippler to carry the Coal, Whether we can say the Wagon Trippler a Qualifying asset under As- 16 & Capitalise the Borrowing Cost During the contruction period?

Dear Experts,

Pls suggest me what will be the journal entry for following transaction.

"Last year Educational trust is working on Cash Basis so the trust is not calming the depreciation on Fixed assets but due to audit objection trust changes its method to mercantile basis in current year, so pls tell me what will be the entry for calming depreciation for last year and current year in the books of accounts for current year"

We are a ltd. co. and want to pay dividend for financial year 2010-11. So we want to declare the same in upcoming AGM on 30.09.11.
Is it ok to pay dividend for 2010-11 in sep. 2011?
And whether we have to show the amount of such dividend in the balance sheet for the year 2010-11 as proposed dividend?
Plz clarify & oblige.

Regards
Dinesh Malik

two invoices
1st 94490 of month april
2nd 431857 of month may
With 3% service charge & 10.30% service tax
But we Payment It Total amount Of 526347
without deducted tds 1%. It si propship company
how can i calculate tds amount with interest
& can I deducted Tds next Month Against New bill.

i m student in fY bcom so plz tell mi about my quary give ans. as early as possible.

1)if purchase machine but it not related to business. that time what is a entry book in tallyERP9

2)if purchase cartridge but it not related to business. that time what is a entry book in tallyERP9
plz give sugession.

In case of assessee given gold coins to different party during the festival of diwali, then whether it should be treated as sales promotion or diwali expenses ????

Hello,

If DTAA is there wht is the entry in our books of accounts?

For e.g. Income is Rs.110(Before Tax)
After Tax Rs.100
Tax is Rs.10.(Tax Paid in UK)
(Figures are in converted in RS.)
Wht is the effect in our books of accounts?

Dear Experts,

My doubt is regarding recognising a Contingent Asset i.e Dividend Income from a Subsidiary. Suppose for FY 10-11, Y Ltd (Subsidiary of X Ltd) declares dividend on May 30th, 2011. By then the Audit of X Ltd was not over. Can X Ltd recognise the Dividend Income from Y Ltd in FY 10-11 itself?????

Thanking you in advance

Prithvi