Hi
As per Punjab state's new fiscal incentive scheme, there will be a rebate on capital investment abobe 100 crs by way of:
1. CST exemption for 12years
2. Vat exemption for 12 years
3. Electricity Duty exemption for 12 years.
Question : 1. Will these exemptions be treated as capital subsidy as they are based on capital investment but dependent on revenue operations like sales, electricity consumption?
2. What will be the accounting treatment- These benefits should be reduced from asset value as per AS on fixed assets or treated as other income ?

what is the difference between conveyance and travelling and transportation expenses??

Deffered tax assets show under which head in balance sheet
Deffered tax liabilities show under which head in balance sheet.

Sir/Mam, I have a query that if a person submitted membership fees in a club for rs 100000 n get it's benefit for next 25 yrs then what will be the accounting treatment and tax treatment for recognition of revenue for club. plz reply as soon as possible

Pls Some one answer me. In chennai a mnc Bank for its back office interview, HR asks specifically, " do you have experience in GL process?" I got experience in writing total accounts in tally erp9 based on bills upto finalization. Is the nature of gl process work differs from my experience? Is general ledger means the ledgers appear in Profit and loss a/c like expenses?

Applicability of AS - 7 On architects?

Dear sir , i am working in automobile show room . there is transit period of 7 to 10 days for delivering the goods from Gurgaon to Hyderabad with invoices . which should i take invoice date or receiving date for posting the purchase bill as per accounting standard.

dear experts can any one send me the online Tds payment screen shots or procedure pdf /ppt file Thank you

what should be the journal entry for a blank stamp paper purchased for rs 1000 ?

Dear Sir

The new EPF rule (EPF Limit increased to Rs. 15000 from Rs. 6500 wef 01.09.2014.Our firm have some employees drawn salary as Rs.10,000/- and some of them More than 15,000/-per month. In my doubt is how to calculate the gross salary of Rs.10,000/- drawn employees PF? Is it calculate as Rs.15000/-
Please reply any one.

Gives you an advance Thanks for your reply