This Query has 3 replies
What is the difference between income & revenue
This Query has 3 replies
Would we show MAT credit recoverable in the balance sheet?
Please support your answer with reasons.
This Query has 2 replies
whether foreign exchange gain or loss arise on foreign exchange liability on fixed assets is debited or credited to p&l a/c or to fixed assets a/c.
This Query has 2 replies
Sir,
Is our liable to deduct tds on supply of tea by tea vendor to our factory staff & workers. His monthly bill around Rs.50000/-. Pls advise us.
Regards,
Baljinder Singh
This Query has 1 replies
wheather expenditure on software of considerable amount is to be capitalised or treated as revenue expenditure? if it is to be capitalised then what rate the companies act prescribes?
This Query has 4 replies
How to prepare well for consolidation of accounts, amalgamation and valuation of goodwill and shares
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if a employee goes for official work to outstation.he went in march2007 but comes on april 2007. he submitted his TA bill in april. the expenses related to march 2007 is booked in april 2007. whether it is prir period exp. or not? he did not took any advance from office.
This Query has 2 replies
What treatment of Duty & Taxes in account book of company
This Query has 3 replies
hello friends, i have a problem in finding out whether the consideration is in net payment method or net asset method because in net payment method you cannot take assets and liabilities. I am in great confusion please help me
This Query has 3 replies
A Financial Institution has waived of the Loan amount of Rs. 60 Lacs along with the Interest of Rs. 20 Lacs of One Loss making Company.
The Interest Amount Waived is Credited to P&L A/c and taxable as Income U/s 41 of IT Act and Also liable to be taxed under MAT.
I would like to know about the Accounting and Tax Treatment of Principal Amount Waived Off.
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Income & Revenue