I have loss as per both a/cs and tax.Tax loss including tax depreciation of Rs.397670 is, Rs.876804/-.I want to know that on which amount i have to create deffred tax.I am confused as i created deffred tax liability on depreciation defference between co.s act & IT act.kindly tell in situation of loss as per both a/c and tax, on which amt i sholud create deffered tax.

what is the import purchase entry.supoose we purchase raw material from china rs.10 lakh.than what is the entry
import purchase a/c dr. 800000
custom duty a/s dr. 200000
to party 1000000

custom duty a/c group in duties & taxes
regards
rajiv

Dear All

please tell me the accounting treating for recoverable expenditure.
in my opinion it has to be deducted from expenditure.
can any one procide me the source for the above treatment
or in another way shall we consider as income.
please help me on this

tds deducted on salary is on payable basis or paid basis.

entry in tally:

basic dr. 100
To tds cr. 10

OR

Basic dr. 100
to tds cr. 10
to bank cr. 90

Can i make provision for tds payament in case of salary or it is deducted when i paid salary.

pls. clarify

A co. manufactures harvestor combine. It reimburses the money spent by the customers on the spare parts under warranty period as the customer purchase the spare parts from some other places and give us the bill of the same. The bill is usually in the name of the customer.
I want to know the accounting entry of the above. How can we adjsut the bills against the bill so produced and what entry can we pass??
Please ans.
It is very urgent.
Thanks a lot.

We prepare our accounts in cash basis.So no any provisional entry is passed.

As on 31st March bank deduct TDS on accrued interest on FD but we do not treat accurued interest as income in F. Y. 2009-2010.

What will be the accounting treatment and in which F. Y. interest will be taxable?

Should there be any specific disclosure under AS-1 in respect of companies under liquidation???

If there is one invoice for Telephone cost for the period 01.09.10 to 31.12.10.
The Entry will be Prepaid a/c ---Dr & vendor a/c –Cr

& in the respective period from 01.09.10 it will be Expense a/c----Dr , Prepaid a/c ---- Cr.

Who’s responsibility it is to post the second Amortization entry. Should it be posted by AP team or GL Team. We have confusion on it

Please advice.

sir plz tell me group of custom duty in import purchase.
i think it is in direct exp.

regards
rajiv

Can expenses incurred on development and implementation of Website capitalised or should it be treated as revenue under web designing charges. pls clarify