Is it mandatory to made provision for deferred tax liability/ Assets?

A company had not made provision of deferred tax from last 4 years.
my question is whether provision for current year to be made or to leave it as it had not been made in last years.

Apart from minutes book what are the other stautory registers kept as per companies act 1956

Hi Experts,

If a Vendor raised a bill for a perticular service Bill amt. is Rs. 5000/- & given discount 35% on Rs:5000/- Then Amount(5000-35%)= 3250/-

Pls Tell me that on which amount Service tax will be liable.? Either on Rs:5000/- or after diduction of Discount i.e. Rs;3250/-

Thanks,
Vijay

Items like MODEMS have since been rendered as obsolete before completing their useful life and these are being carried at their book value. However, it is clear that these are of no use any more. How the same should be dealt with in accounts and what are the implications in Income Tax and Companies Act.

If there is import of fixed assets & such fixed assets are lying in bonded warehouse.
how such assets will be treated in books of accounts?
whether such assets will be shown as fixed assets since risk & reward are transferred by vendor.
what about depreciation as per income tax act & companies act.

Dear All,

Anyone having any article regarding Accounting of Software companies (MNC) especially for GL Accounting (i.e.nature of transactions,process involved etc). Please forward me immediately.

Thank....

Please let me know
:

1)a)what entries are passed when provision is made for debtors
b)how they are reflected in final statement.

2)a)what entries are passed when debt written off after making provision

b)how they are reflected in final statments of accounts.


Please answer all questions separately.


Thanks

it is my simple question to all where is the gratuity fund in the real sense
if a person gets retair where he will ask for the gratuity.

who will pay the employee the gratuity

where is the gratuity in the balance sheet

Wht is the role of insurance company in this gratuity


Wht u think is the Gratuity liability of company or an asset of it

answer the questions

it is my simple question to all where is the gratuity fund in the real sense
if a person gets retair where he will ask for the gratuity.

who will pay the employee the gratuity

where is the gratuity in the balance sheet

Wht is the role of insurance company in this gratuity


Wht u think is the Gratuity liability of company or an asset of it

answer the questions

Hi Experts,

If an Organization has purchased any Computer Software like Tally; PayPac etc. Can they treat such softwares as Assets for the Organization..?...... If Yes... Then what will be the depreciation rate on that..?

Also, What will be the prosidure of Physical verification of assets..?

Thanks,
Vijay