A Ltd company invest some Amount in developing Software, and they want to recognise the same as deferred revenue expenses please suggest whether they can do so, please give me reference of Company Act, Accounting Standard or IT act whichever is applicable

TDS & Sales Tax is already our Liabilities but i want know that We have to make Provision For the Month Of March Liabilities At year end ? Why

Respected Experts,

Our Company Imports Goods For which Customs Duty is Paid. How to Account for Payment For Customs Duty Please Pass the Entry with Example.?
Can Customs Duty paid be taken as CENVAT Credit??

Suppose a Private Limited Co. is having two Subsidiaries (wholly owned) and also the holding co. is a level one co.

Then plz let me know whether it is compulsory to prepare Consolidated accounts along with the standalone accounts of the holding Co.

if its not compulsory to prepare, why?

Dear all

Please give me knowledge about deferred exp

& give few exampal


urgent please

Hello every one:
I want to know that our co taken LAP from religare & cholamandalam & paying emi. let me know is there any tds liblity on repayment of interest on EMI paid by us.if yes on which amount only interest amount or total amount paid through EMI + processing fees charged by them

Thanks in advance

suppose you are going to start new financial year then What treatment you will do of previous year balence sheet ( like previous year prepaid,provision etc) in current financial year.

After closing the financial year i.e. 31st march., you have received a teliphone bill on dated 1st april ( And the bill was for the month of 1 mar to 31st march i.e closing year's last month)what treatment you will do in current financial year and closing financial year.

is share apllication money is part of Shareholder's funds ?

In case of Pvt Ltd Company, Labour Charges were paid(to another Ltd Co.)But TDS was not deducted at all . amount of payment was above Rs. 20000/-.
Now this exps was capitalised.
Wat will be the cosequence of non deducting the TDS???? under wat SEction under Income tax Act 1961???
Will the depreciation claimed for the same be disallowed.????
Is there any penalty or interest applicable.
If we claim it as expense will it be fully disallowed ???????.

Urgent????