Financial Assistance in the form of cash
(non -returnable) + agency service from a government fund to a private company for
office automation ( software installation).

We can account this cash as miscellaneous income in P& L A/c.

How we will account this income in other ways?

How it will b/f in the next fiscal year ?

( Not from Indian Govt. but from a middle east country ministry)

Who is the authorised person to make the property valuation report?

The property valuation report of an independent property valuer is acceptable to nationalised banks ?

What creteria using to find the current market value of land with / without buildings?

Sam Koshy

if any company has changed its accounting policy i.e. from wdv to straight line method on year end(31-03-2008) then whether loss on sale of machinary ,sold on 01-10-2007 & depriciation thereon is liable to change retrospectively or not, is retrospective change is required to be given on existing machine on year end only

Hello EXPERTS,
ABC Pvt Ltd place a order for supply of Hydropnuematic System. One of the terms of P.O. is that Installation, Testing & Commission of system will be carried out without any extra cost.

Now my query is that wether we treat it as composite order including installation i.e TDS will be done
OR
TDS will not be done as installation is free of cost along with supply of Hydropnuematic System.

1)How we will deduct TDS on a composite bill of supply and service : -Where supply and services within bill are not biforcated -Where supply and services within bill are biforcated

2)How will we capitalised Insurance,registration fee and accessories expenses of a new vehicle which are not included in the original bill and the bill date are different.

Sir,
if a company is importing some items on which it has paid security for container in which it has packed its material, when material reached at indian port company has paid epenses to container corporation of india and returned back security money to the company company.
now question is what is the nature of expenses is it rent,packing charges or fraight.
and if it is rent do the company has to deduct TDS on that payment.

Dear Sir,

can we adjust short term gain fund write/off against business losses in same financial year.

Regards,

Lalit kr Sharma

WHAT IS THE ACCOUNTING TREATMENT OF CONVERSION CHARGES AND COMMISSION CHARGED BY BANK FOR CONVERTING THE RUPEES INTO DOLLER FOR PURCHASING THE NEW ASSETS FROM OTHER COUNTRY ( IMPORT )

We have taken labours from contractors in our factory and we are paying montly to the contractors towards wages apart from ot and meal expenses to labours..
pl..tell me accounting treatment in books..

Can you explain the process of the sources of funds ( bank loans etc) and the application of funds ( investing & financing activities) of a medium real estate company in India.

Also how they match the bank loan interests with their sales revenue & gestation period of each project.

list the sites providing the tips & tricks of real estate business.

Sam Koshy