its urgent. .plz tell me does concept of charging 100 % depreciation on asset whose real value is less than 5000 is applicable only for cy addition. .

In the budget announced today, has the adoption of Indian accounting standards converged with IFRS made mandatory from FY 17?

hi sir ,

in calculation of goodwill , IN FMP calculation we revalue only Current asset and current liabilities.

why dont we revalue FIXED ASSETS???

if i remit 64001 rs to my employee instead of rs 6401 as salary and then i recovered rs 50,000 from him through net banking in the same account from which payment was made and remaining amount in cash ie 7580 then what would be its impilcation from accounting and income tax point of view does it is covered in money laundering act as offence or not

Is there any rule in central excise that credit of goods if not taken within 6 months of the date of invoice in books of account or excise return then credit can not be taken on such goods..? actually accountant has received invoice in the month of march for june month. so he is refusing to take credit based on above argument. can anyone guide in this regard? because i don't find this type of privision or rule in central excise rules..

How to calculate interest u/s 234??

i have paid late charges of tds return

like late payment charges, short interst calculation, or late return filing charges

pls let me know that which head this expence goes ?

calculation of HRA in excel

IN TALLY 9, IN THE MONTH OF MARCH I HAVE BOOKED SOME EXP. ENTRY & MADE PAYMENT ENTRY ALSO FOR RS. 15000/-,
IN THE MONTH OF JUNE,(NEXT FINANCIAL YEAR) I SAW THAT VENDED NOT DEPOSITED SAID CHEQUE.
OUR AUDITOR REVERSE THE ENTRY.
NOW MY VENDER A/C IS CREDITED BY RS. 15000/-
MY QUERRY IS SHOULD I LESS RS. 15000/- FROM P/L.

Sir,
Kindly suggest the accounting treatment of donation received by NGO/Non profit organization. Detail of receipt are as under:-
1. Donation received from Mr.X, Rs-10,000/-
& entry is
Bank/Cash (Dr)......10,000/-
Mr. X (Cr).......10,000/-

(a) Cash\Bank will increase current assets.
(b)Under which head Mr X account create?

Thanks