The Company is currently raising capital from Institutional Investors and has incurred, or is likely to incur various expenses such as,
- Payment made to an intermediary as commission
- Expenses incurred towards increasing authorized capital
- Stamp duty for agreements and share certificates
- Consultancy fees paid for carrying out due diligences on behalf of the investors
- Legal fees for drafting documents

We need to know the accounting treatment for the above expenses.

1. Should these expenses be charged off in the current year itself.
2. Are we allowed to carry them over as Differed Revenue Exp and charge off over say, 5 or 10 years?
3. Is the entire spend allowed as deduction in a single financial year, or even for Tax, one is only allowed a partial deduction? We would also like to know whether our treatment in Books of Accounts impact our tax claim?

Suppose the face value of shares is Rs10.
500 shares which were issued to A forfeitted for non payment of final call(Rs.2).Now reissued to B For Rs8 per share and Rs6 paid up. I want to ask about the amount that will be entered in bank a/c in reissue entry, will that amount is 500x8 or 500x6.

I would like to know how do i setup an accounting system for a hotel and resort business. what Kind of Ledgers etc. I need to create? Is tally a good choice or do i have a choice?

Please tell me About Capitalisation i.e. Accounting of Capitalisation, Entry in Tally, Depriciation on Capital Assets,

& all details about Capitalisation,

Thanking you,

Regards,
Vaidyapady

what will the rate of tds on sales comission payable outside india

Dear all
Can any one tell me, What is duty free entitlement?
and how do we account in the books of account?

Regards
Ravikumar r c

ravikumarrc@gmail.com

Dear all
Can any one tell me, What is duty free entitlement?
and how do we account in the books of account

Regards
Ravikumar r c

ravikumarrc@gmail.com

Dear all
"Expenditure incurred on construction of additional floor on rented premise"
how do i account this expenditure in the books of account?

Regards

Ravikumar r c
ravikumarrc@gmail.com

If i have some amt of credit in my DEPB.. then should i value this at my period end. Is there any standard or interpretation on this. I want some wrtten text.. Plz help...

I have open a PPF account on 13 March,2001 and deposit Rs 25000. Upto March 2007 I have deposited Rs 25000 per year. From thia year ending March 2008 onwards I would like to deposit Rs 70000 per year till 2015. Now if I withdraw Rs 70000 per year in the begining of the financial year say April 2008 and deposit the same by February 2009 will my balance affected.