my company has purchased a newly built ship on 15.2.2007. what rate of depreciation to be applied for the period upto 15.2.2007 to 31.3.2007. wheter it is for the pro rata for the applicable days. if that so, on what percentage ?

I would like to know what entry i need to pass in tally when the market value is lower then the cost price and inventory control is maintained in tally

What will be the accounting entry of TURNOVER DISCOUNT made by party against purchase of pig iron.

I have business loss..can i calculate defeerred tax ?;

When are revenue stamps required to be attached on Vouchers?
Is it required only when payment is made in Cash exceeding Rs.5000
As per which Law/Regulation such practice is required?
What are the benefits of such practise?

whether export sale should be booked on FOB or CIF price, when invoice is prepared on cif.please tell me relevant AS requirement or guideance note req or any other?

i want to know what is the logic behind creating deferred tax assests and liablilities

hi,

DISALLOWANCE U/S 43B & 40a OF INCOME TAX OF CURRENT YEAR WILL BE TREATED AS DTA & SAME IS BEEN CONSIDERED FOR CALCULATING DTA/DTL. SIMILARLY WHETHER DISALLOWANCE OF PREVIOUS YEAR ALLOWED DURING THE YEAR U/S 43B & 40a IS TO BE CONSIDERED FOR CALCULATING DTA/DTL? IF WE DONT TAKE PREV YEAR DISALLOWANCE, THEN HOW DTA WILL GET NULLIFIED IN SUBSEQUENT PERIOD RELATINNG TO SAME COMPONENT? SINCE DTA/DTL ARISES ONLY FOR TEMPORARY DIFFERENCE & IT SHOULD BECOME NULLIFIED SUBSEQUENTLY..

Dear Sir,

We are in agri export business.In the next year we are going to do a fresh grape export project.

I like to know what are the documents are required to be kept for purchase of grapes,sale against rejection due to bad quality,purchase of packing material,stock register grapes & packing material,making payment to the farmers and various export documents.

Also give details of contents & formats for the same.

case study
fact :assessee is in the business of selling paintings
Querry ; catalouge printed to distribute to the visitors for showing them what is in our gallery so where it should be disclosed i.e wether in advertisement or sales promotion or printing charges
please reply urgent

WHAT WILL BE ITS EFFECT ON FBT