What Is deffered tax libilities and what is the treatment of account

hi why we are charging depriciation on assets

I am a housewife here in india, i am not indian citizen , i am holding foreign passport,can you suggest me what facilities are available to PIO, and how can we make pan card, how can we make our income tax file, and e verthing that we should do for living in india.

Whether can we capitalize demurrage charge to imported capital items ?

Hi

Please explain the difference of General Reserve with Reserve and Surpluse

hi,
i am icwa student. currently i am doing inter stage 2 . in stage 2 one paper is management accounting-performance management. the chapter "transfer pricing"in this paper which i am finding very difficult to understand. my question is which books should i refer for this perticular topic?
please suggest me 2to 3 books for this paper & topic

thanking you,

hrishi

what should be the date of which exchange rate is to be taken while converting export sales in indian rupees?whether it should be the rate as on the date of bill of lading or it should be a rate mention in shipping bill(exchange control copy)?pls clarify

my second querry is regarding booking of sales .sales should be booked at FOB value or it can be booked at CIF value.is there any statutory req.regarding the booking of sales at FOB or CIF?

I am confused -

We have computer stationery & Consumables business

We have Partner ship firm - we have one machine its book value after Dep. Rs.550000/- (Fixed Assets) we Sale to Xyz Party - @ Rs.575000/-

Now how i can give treatment in books ?

secondly XYZ party wants Invoice so which invoice I have to raise TAX or Retail and what % I have to charge But Whether we can Issue Invoice or not ?

So Kindly reply

In case of capitalistaion of asset can we exclude any amount of penalty charged on contractor in case of a project.
Plz give ans. with refrence of Para no. of AS-10.
Reply in detail.
Penaly is being imposed due to late completion of project.

HOW T PRACTICALLY GO ABOUT FINALISING A COMPANY'S BALANCE SHEET?

WHAT IF THERE ARE DIFFERENCES IN THE CURRENT YEAR'S OPENING TRIAL BALANCE AND THE PREVIOUS YEAR'S? I UNDERSTAND THAT THE CURRENT YEAR'S BALANCES WOULD CHANGE .. BUT IF THERE ARE TOO MANY FIGURES WITH SUCH CHANGES AND IF THER IS NO PROVISION FOR LEDGER SCRUTINY THEN IS THERE ANY WAY OUT?