A company had created Provision for Bad Debts which were not allowed as deduction under Income tax Act, subsequently company created deferred tax assets on the amount disallowed.
Whether company can claim deduction under section 36(1)(vii, if Bad Debts are written off against the Provision earlier made?
Whether the Deferred Tax Assets created earlier will be reversed or not?

Hi Folks

Can anyone guide me for the below mentioned case.

One company has received a bill of Rs. 1 Cr from MD said that out of this amount Rs.60Lakhs are fix to pay to this party but about rest of the amt no one sure.

-here, the question arise that by how much amount we should provide the same on balance sheet date?
-Whether Rs.1Cr or the Rs.60 L.
-Moreover the TDS would be highly affected in the overall transaction to associates in the accounts.

Regards

Dear all,

plz solve my quaries.

example:
how sale recognization by builders .
we construction of flat & recieved some amount how sale recognization in various flat cases .plz sent the any chart & accounting standard .

thanks

hello sir, plz tell me, is there any amedments cme in Accountancy and Strategic management of PCC relevent for MAY 2011 attempt??????
plz also tell me about the other amedmants cme in PCC Course relevent for MAY 2011 attempt.
plz reply as soon as possible.

Dear Sir,

I want to ask that me and my friend from spain wants to open a export company india what is the procedure i am from panipat-Haryana.

Dear Experts,

My company is residential developers for our construction purpose we purchase martial from different locations as we know FY has closed but some of our material in transit and billing date of this material is also related to FY 10-11 and it will be reach to our site in next 2 days and we know the exact bill value can we consider this bill amount in our books of accounts.


Regards


Ravinder

in which all ques r from exam point of views n which can also give quick revision in last minute. pls rep urgent

CAN ANY ONE PLS GIVE ME THEORY NOTES OF PCC OR A LINK TO A COMPILED NOTES OF THEORY OF PREVIOUS ATTEMPTS. I HAVE BEEN LOSING A LOT OF MARKS BECAUSE OF THEORY

PLS HELP ME

HI All,

Is there any changes in the filling / submitting date of TDS challan and TDS return form March 2011

Yogesh

dear sir,

I had completed my graduation from BA steam but i have 7 years experience in account line. but sir till i didn't know how to finalize the account, and what is the concept of finalize and depreciation.

sir please provide me the required feedback for my future dreams will be fulfilled.

And which class i have to join for become a best account officer.

Thanks
Kavita