RESPECTE SIR/ MADAM,

I WANT TO KNOW ABOUT THE REPO MARKET REGARDING WHAT IS THIS AND HOW IT WORKS IN THE MARKET.

REGARDS,

PRABHAKAR

Hi, Can anybody plz inform me that how should the Interest paid on delayed deposit of TDS, FBT and Service Tax be shown in books of A/cs i.e can deduction be claimed in that regard or not?

Please let me know for whether the following is to be capitalised or expensed, if to be capitalised duration over which depreciation is to be charged and the head under which it is to be capitlised,the reason for capitlaization. Note that the software can be used for any number of years.


1)Software bought for Accounting and Administraion.The source code remains with the seller.


2)Software bought to develop other software.The source code remains with the seller.


3)Software bought to run a machinery.The source code remains with the seller.


4)Software developed for a particular customer but not sold yet.The software is customised to his needs and only the customer can use it.What if a)Customer is sold the source code b)The source code remains with seller.



5)Software developed meant for Sale ( Not meant for any particular customer). There is only one copy of the software. Copies of it are made and sold to customers as and when demand arises.The source code remains with seller. If you say this is inventory -just by taking another copy of the software and keeping it ready, will my inverntory value double?

I had sold goods in the month of Jan’08 and same were return in April’08.In this case I would like to should we give the effect of sales return FY07-08 or FY08-09.Can we adjust sales return in FY07-08 till the audit is finalized.

Hi Sir / Madam

My query is regarding to Last years expenses.
e.g. If any expense of previous year still pending to entered in our books & our balance sheet is already finalized. Even Income tax return is filed. In that situation how can we book the expense for last year?
Can we show the expense in current year?
Is it possible that the expense book in this year?
If Yes, then How?

Regards
Anil

FROM WHERE I CAN GET THE DATA OUTSOURCING WORK? PLEASE PROVIDE INFORMATION IN DETAIL.

Dear Experts,

We reduced the dep from current year dep. already claimed when the Vehicle is sold. Why it is done like that? If we reduced from current dep. then how we will be benefited? Earlier we claimed now we are reducing the same. Please explain the provisions that applies here in detail.

Thanks in advance,
Shashi

Dear sir,
For a company whose retirement Benefit is funded through a scheme administered by an Insurer what is the treatment which a company should show in its financial statement

1. Will the Investment made by Insurer will be disclosed in the B/S of Company. Will the Invt be recorded at its Fair Market Value or Original Invst value?

2.How would the difference between the investment value{equal to amt.of obligation}and its fair value be treated and whether the Increase or Decrease in the value of Invst will be included in companies P & L Account?

Kindly Suggest!

Hi,

Company where I am providing accounting service(I am providing professional service) has asked me certify certain sales tax payment which they would issue to the consignor company. In this case I would like to know what charge should I levy and is there any format for providing this certificate.

how we show the take over of a company by another company in Balance shee & also in cash / fund flow stmts. The cash paid from the copmanys account for the take over.

Give to the notes to the item in the balance sheet.

S.K.