Suppose a Company has a vehicle policy for its employees wherein the Company purchases the vehicle hands it over to the employee. The employee pays 30% upfront and the balance amount (cost of the vehicle) in EMIs to the Company. The Company shows the vehicle as asset and claims depreciation on the same till EMI gets over and after that sells the vehicle to the employee. Please let me know if this will fall into Ind AS 17 – Lease (Appendix B and C)

Hi,

Is provision write back to be disclosed as an extra ordinary item in the financial statements.

'A' is the owner of two residential property.both properties were purchased in 1995.now A is selling his one property.Obviously long term capital gain would arise.now question is that is A entitled to get exemption u/s.54F as he is already owner of one house..

kindly cunsult me ...
can we raise the debit note in advance.?
Means can we raise the debit note weather we have no any dues of party


please suggst as sooon as possible

can any one suggest me I am second year articles and cuurntly pursuing in Delhi. I am basically belong from punjab. due to my family problem I am unable to continue at Delhi and go back to Punjab. I request to our CA to reliaf me but he is avoiding me from four month. please let me know what need to do. please suggest me. thanks,

Hello Sir/Madam,
Please help me to solve my problem.I am going to do accounting for Directors personal accounts so please let me know wchich items are to be included in that ledger (i.e.type of expense etc). It is a new Private Ltd Comapy and i have to start accounting but i want to get an idea for begining. Please help me.Looking forward for reply.
Thanks in advance.

how to calculate depreciation under companies act, 2013

what r the amendments applicable for financial reporting in may ', 16

Hello
Can someone please prescribe the appropriate method for computation of value of unquoted Investment as per IND AS??

One of our client has commenced the business of manufacturing of Inner Garments in a proprietary firm. He has purchased some fabrics and other value added materials amounting Rs. 8.00 lacs. He has not made any sale till the end of the year. He has incurred expenses for brand, website, salary to staff for research & development amounting to Rs. 25.00 lacs. But till the end of the financial year no sale/production is made. Please let us know that.
(1) Whether brand exp. of Rs. 9.00 lacs will be capitalized and any depreciation will be charged in next year?
(2) Whether the remaining Rs. 16.00 lacs expenses will be treated as revenue expenses for the current year or will be treated as preoperative expenses and will be carried forward in next year and will be claimed in p & l a/c of next year?
Please reply.