what is JV in accounts.

i know it means passing entry but we never came across this while studying.

what should be the accounting treatment for the amount recieved from the customer who has paid a token amount for purchasing a house in the books of the building developer.
Which accounting standard will be applicable??

LABOUR CESS(RELATED TO NEW PLANT) IN WHICH ACCOUNTING HEAD SHOULD BE BOOKED PROPER HEAD FOR THIS EXPENSES

what would be the entry for service tax receiving & paying and for cst &vat also

Hi,

One company purchased Land from Farmers for the Business.
They have given jobs to Farmers on Selection/Skill basis.
The Other farmers whet to Arbitrator for providing job or compension on not providing job.
Now the company paying the compension to farmers who are not willing to do job.

How to account the lump sum compension paid.
What will be the treatment in income tax.

Please suggest me with case laws.

Its very urgent.

Regards,
Sree :)

Our company is a privately owned one with two major group of family holding the shares (say group A and group B). Recently, group B purchased all the shares of group A and also made a family settlement by giving away the land, building etc. as a consideration. Various cost were incurred for the same like legal expenses, valuation fees etc. The expenses proposed to be amortized equally in the company's books for a period of 5yrs. Our Auditors are now saying that the said costs cannot be amortized in the books and has to be expensed out fully. This would be a big hit to the company's P&L. Please advise me about the treatment of the expenses based on the applicable accounting standard and also the provisions of the Companies Act, if any.

pls tell me we have pvt. ltd. co.
we have 21 employees so do we need to go for pf.

also pls tell me for tds - if salary paid in cash & tan no. got on 5/12/2010. will tds has to be deducted for sept. & oct. 2010 which is paid in cash

Hi All,
I have a query that in case of finance lease if both parties agrees that the lease rentals + applicable taxes (VAT or Service Tax) shall be born by the lessee, then how we should calculate the amount to be capitalized initially, assuming there is no VAT or Service Tax credit is available to the concerned.
1. PV of lease rentals + applicable taxes (VAT or Service Tax), but this will lead to additional interest cost on VAT or Service tax portion also
2. PV of only lease rental and capitalizing VAT or Service Tax as and when they are charged by lessor to be depreciated in remaining useful life of the asset because this is not financed by lessor.
Please give reference of relevant rule.

regards

In tally how to continue the last year BRS?
Is it possible to get form 16 A with amount in tally ?

How to prepare CMA Data? What is a CAS Form? ineed a format of that and what points to be kept in mind while prepairing it?