if my company has taken service of a tax consultant at the time of merger(i.e in 2008-09) and he raises the bill of Rs. 50000/- in current year(i.e 2009-10). if the company pays the expenses whether it will be allowed or not

what is the accounting treatment of investment acquired by gift in the hands of donor & donee.

Dear Sir

My Que. is very simple , : My Director traveling exp bill is 74000/- so what he is libel to deducted tds ?? & u r rply is "yes" so how many % is deducted ?
thanks

Kindly tell if a Accounting Standard is not followed by the company what is the result of this.

For Example: As per AS-15, actuarial valuation is required but the company is not following this. Auditor has mentioned this in his Notes on accounts. What are the consequences of this.

What is the criteria to value the Work In progress Stock. Because practically i am facing alot of difficulty for valuation Of WIP.

Also in cost sheet we add op. stock of WIP and deduct cl. stock of WIP . But at what value we should take WIP stock in Cost Sheet.

Pls clarify

Thanks

Hi All

I am working as an accountant in a mobile import and trading co. we are deducting PF @ 12 % on basic pay can any body tell me the component of salary on pf attract like on spl. allowance etc

Plz tell me head on pf is mandatory to deduct coz as per my knowledge pf is deduct on basic +da

what is capital asset in accounts.is it term given by income tax

Dear all,

We understood as of now it is ready to be placed before the Parliament for needful amendment, keeping that view, what will be the stand to the Corporate while doing the actuarial valuation, would it be worth to recompute the valuation based on the enhanced limit. I have been informed that some Corporates are doing the valuation based on the reevised limit. I need the members to have a view on it.

Please tell me what are the Accounts, which last year closing balance is necessary to carry forward as on opening balance, while finalization of Balance sheet of current year

plz solve this problem with clear steps:
"A"of Mumbai sold goods to "B" of delhi,the goods are to be sold at 125% of cost which is invoice price.commission 10% on sales at IP and 24% of any surplus realised above IP.10% of goods sent out on consignment,invoice value of which is Rs.12,500 were destroyed.75% of the total consignment is sold by B at 1,00,000.What will be the amount of commission payable to B?