I have a doubt on inventory. Here the company (a palm oil plantation) is capitalizing stationaries(catridge, toner, papers etc), fuel for vehicles used for administrative purposes, electrical & other construction materials for building staff quarters, rice for staff etc. These items are in bulk quantity and they expense it when they use it. Is it the correct treatment or they should expense it on purchase?

Dear Sir, I want guidance from you, our relative file ITR for getting refund of TDS by ONGC. returns file as a legal hair but IT department had issue cheque on name of died person name.till it's OK but now problem is that how can that cheque clear of named died person. pls guide to us process of that cheque deposit method. thanks

Sir/Mam, I am registering online at income tax site , all documents that i have , contain old address where i use to stay.Now i am residing else and no document of mine contains new address.So my question is that whether i should put address what is in PAN or which i am residing . What if i put the address where i am residing.

Thank you for all not giving answer to my question?

What will be journal entry.

1. we purchase of material on credit of Rs 1000 / - & deducted TDS of Rs 100 /

2. we sale material on credit of Rs 2000 /- & deduct TDS of Rs 200 / -

Waiting for feedback.

Plz let me know below query

Good will is current asset or Fixed asset?

guys interested for ipcc group study

what is the difference between income tax depreciation and company act depreciation

Sir/Mam,
I got a credit note from my party for fy 2014-15. Now please advice me how i will enter this in my accounts of Fy 2015-16 and what will be the effect on my income tax from this entry.

Thanks,
Deepak Kemni.

dear all
if i given rs 50000 to one employee for expenses use only in cash on 20/1/16 and on 17/2/16 say after around one month they have given me expenses details and they made expenses on different date.so can i make journal on 17/2/16 or i have to make entry for particular expenses on the date when it incurred.b coz if i will make entry on that particular date when expenses incurred i saw that the journal number has been changed