what is deffered tax laibility and what will be its accounting treatmet in books of an organisation.I would be gratefull if solution contains an example also.

Two/Three cars are in the name of Director (personal)and booked in his personal books of accounts, but it is used for staff usages in the office, can we put running and maint expenses in the books of account of the company (pvt ltd.)or do we need to have to make some kind of agreement, director doesn't want to charge any rent or hiring charges from the comapny.

Kindly advise.

Regards.

Dear Experts,
Right now i am working with small construction Company and soon i am going to join a big company in real estate / construction as project accountant. now i need a book over consturction Accounts or accounting because before join i want to study a complete over view in construction accounting because first impression is last impression so please giude me i need your support & help.

Thanks
Ravinder

Let me now how I will do accounting of "BRAND".


Thanks & Regards,
Mukesh Agarwal

sir,

book value of land is Rs.500000/-
that was sold for Rs.750000/-,
with in one year purchased another land for Rs.1500000/-

how do i shown in books of accounts as well as income tax.

kindly suggest me.

regards

sir,

book value of land is Rs.500000/-
that was sold for Rs.750000/-,
with in one year purchased another land for Rs.1500000/-

how do i shown in books of accounts as well as income tax.

kindly suggest me.

regards

Sir

Guidance Note 34 (GN-34)has been withdrawn in the 280th meeting of the council.

Which pronouncements of ICAI will guide the treatments of items covered in the erstwhile GN-34?

if creditors ask me balance bill due cash deposit my C.B.S A/C.Supose that bill due amount 150000/- & I deposit 120000/- deposit his C.B.S.A/C
1- Accounting entry in the book of purchaser

2- effect in income tax

The Company has changed the method of Depreciation, the depreciation is now recalculated with the new method from the date the asset was put to use . Now my querry is that:
a) whether the diff in the amount of Depreciation due to the old and new method should be shown below the line or above the line .
b)whether the diff will be considered for calculating the book profit I.e if the diff is shown above the line then whether we have to add back or deduct as the case may be from the Net Profit or Not.
c) In Calculating the Book profit, if the company has brought forward Business loss and unabsorbed depreciation, whether the lower of the business loss and unabsorbed depreciation will be deducted from the net profit for calculating the Book Profit.

Hi,
A friend of mine has recently come from abroad and is starting a company here. His revenue source will be in form of Foreign Exchange.
I wanna know what are the steps to comply with the FEMA Act and Regulations from Step 1 i.e; the registration precodeure etc. I am new in to field and hence would like the experts to help me.

Regards,
Bajaj