If suppose ,one companies income tax provison working comes to 25,00,000

advance tax - 10,00,000
TDS -5,00,000
Self assesment tax payable - 10,00,000.

Please tell me all the accounting entries to passed for provision of income tax.

Whether the advance tax and TDS is to be brought back together in provision account?

Or
Advance tax and tds is to be shown seperate in asset side. And the grouping of provsion is to be done under the assets side. Say a group Taxation provision consist of Advance tax ledger,TDS and Provison.In this case no need to be net off.But whether this is OK.Please clarify.

our firm is partner ship firm the partners have withdran 50000.00from firm and made fd in their names.Bank has given the firm loan against 50000.00 fd.

should i account the laon as capital brought by partner OR loan under liablity

Hi,

If a company is charging Rs1500 Depreciation as per accounting and Rs1200 Depreciation for tax Purpose.
there is the Tax Loss of Rs300..

I m not able to interprate that how it is loss for company ,,it is look like a gain as the company is paid lesser tax because of Charging higher Depreciation.

my query : why it is Tax loss and please interprate and also give some brief on Tax Base.

Its urgent

Regards
Anil Meena

why trade discount is not recorded and why FBT is paid

why trade discount is not recorded in books of accounts,pls reply

What will be the EPS in this case:

Earnings attributable to equity share holders : Rs.100000

Number of equity share o/s during the year : 1000

(face value Rs. 10 each)

Out of above equity share on 200 shares final call money @ Rs 2 is due but not received(calls in arrears)

Indirectly what i want to know that wheather shares on which calls are due but not received will be considered for EPS calculation or not ????????

Plz give ur answer in the light of AS-20 and maintion PERA NO. if possible.......

What will be the EPS in this case:

Earnings attributable to equity share holders : Rs.100000

Number of equity share o/s during the year : 1000

(face value Rs. 10 each)

Out of above equity share on 200 shares final call money @ Rs 2 is due but not received(calls in arrears)

Indirectly what i want to know that wheather shares on which calls are due but not received will be considered for EPS calculation or not ????????

Plz give ur answer in the light of AS-20 and maintion PERA NO. if possible.......

Sir,

I would like know the accounting treatment (As Business not investment) for transaction of share’s and Future & option contract.

Pradeep

Please tel me that what's the treatment of DRR after redemption of debentures

Can we consider the goodwill in valuation of share as per net assets method.
is there any legal provisions in company law or securies valuation rules for not considering goodwill in valuation of shares as per net assets method.