I want to know what the provision for taxation is and why we make and treatment in accounts?

Hi, Can any one guide me how to do accounting for windmill income. The units generated from windmill is adjusted in the electricity bill and so how the accounting treatment would be. Whether we have to show gross amount of income from electricity units generated from windmill on the credit side and then gross electricity exps on the debit side. Pls guide me

Dear Sir,

This is Pratheek from Bangalore. My Doubt is : I have a bill of Rs.5,58,254/- it includes Rs.3,72,285/- of material cost, Rs.46,36/- is VAT , Rs.1,24,095/- is Labour Charges and Rs.15,338/- is Service tax . In which The value of the Material is going to be capitalised. So on Which amount i have to deduct T D S is it on Whole bill value or On Labour Charge.

Kindly guide me.

Regards
Pratheek

If land is acquired on lease to construct a plant on it, and commercial production has not been started. whether it is necessary to amortize the lease rental even if commercial production has not been started?

Wheather it can be capitalized instead of being amortized

I would like to know the difference between valuation and revaluation.

Can we say Fixed assets are REVALUED every year and stock is VALUED every year?

If possible kindly quote any accounting standard which deals with this.

Thanks .

Anil

Anal.

hello,

can any one tell me to how to convert the digits into the words...

Like 1256 is one thousand two hundred fifty six.

Please send me some file or the instructions/formula for that at my email id...
Please dont send any password protected files..

hkgupta21@gmail.com

Pls. guide me what is Investment allowance reserve, and his treatment.

Hi friends,

Can any one suggest me that "Audit fee" is a statutory liablity or not?
If its statutory liablity than it includes all fee like VAT audit fee,tax audit fee,consultancy fee etc...


thnx
Manish Pareek

Sir,
I have query regarding on entry of salary, the eg entry is as follows.

salaries to staff 10 Dr
salary payable 6 Cr
ESIC emplyees cont 1 Cr
PT payable 1 Cr
Mobile expense 1 Cr
recoveries from staff 1 Cr

my query is regarding crdit given to 'recoveries from staff' .this deduction from salary is on account of non performance of employess or any other reason .
After passing this entry 'recoveries from staff' will reflect on crdit side of P&L, will this is correct ?
Is I am passing correct entry ?, or there is any other possiblity or entry is available plz guide me & show me some eg entries.
- thanks

what is impairment of assets?