WHAT IS INTANGIBLE ASSET UNDER DEVELOPMENT ?

if provision for doubtful debts appearing in trial balance in the first year, what is the journal entry for written in the journal.

Dear Sir
We have purchased Routers for computers amounting to Rs.60,000/=. Request to confirm account head for this ?

Shall we debit this to 'Office Equipment a/c' and capitalise? or

shall we debit this to expenses ?

Pl advice urgently.
Thanks
Arun Gaikwad

I am an article pursuing training in Audit. I have one friend whose accounting has to be done. how should I start with. Should I include assets through his capital account. Assets are not purchased this year. books of accounts will be maintained for the first time.

let us assume a person is earned per month salary 1,80,000.my question is how much TDS pay to the government by this person monthly

I have a car on my relatives name. I am selling it for Rs. 14 lacs. Just need to confirm how can i show it as my income. Or if there is any problem if the payment comes directly to my bank account?

Dear Experts
We have booked excess provision of Income Tax by Rs 38 Lacs(approx.)in the Last year and we have adjusted that against Advance Tax of Current year by applying to the Deptt.
now what should be treatment to be given to the excess provision of Income Tax of Last year.
Whether the Provision with Excess Amount should be written back or any other treatment is to be given

Hi friends

Cheque issued on 29.03.2014 Rs. 295000/-
as on 31.03.2014 balance as per books Rs.(41,624).

the above cheque is honored on 02.04.2014 .

in balance sheet what balance is required to be considered

CWIP for opening automobile workshop

M/s PQR (hereinafter referred as “Licensor) is a tenant of and as such in exclusive use, enjoy possession of the premises being land admeasuring 6000 sq. yds, or thereabouts lying or being at Address , Mumbai together with certain buildings and structures thereon hereinafter called the "said premises").
The Company is entitled to use and occupy the said Premises (excluding an area of 6,000 sq. ft. appropriately occupied by Licensor and other Licensee) as Licensee under Licensor's Leave and License for a term of five years commencing from 25 March 2013.The license fee is to be paid Rs.750, 000 per month in the first three years of license period for the use of said licensed premises. The license fee for the remaining 2 years is increased to Rs.862, 500 per month. The first two months are fee free period of license.
Further, the Company is liable to pay Rs.1,900,000 per month during the first three years (except for fee free period of the license) for the use of equipment’s as mentioned in annexure A. The fee for the remaining two years is increased to Rs.2,185,000 per month.
The Company has started construction on said licensed premises in the year 2013-14 for setting up the new automobile workshop. The workshop was not ready for its intended use during the year and hence, the expenditure incurred in setting up the workshop are carried as CWIP as at 31 March 2014.
Total expenditure of CWIP includes Rs.51,792,435 (details mentioned below). Can Company carry the expenses in CWIP mentioned below? Kindly support your opinion with relevant accounting standard and GAAP.

The details of administration and general overheads included in CWIP as at 31 March, 2014.
Particulars Amount Remarks
Rent 26,900,000 Monthly (rent expenses paid for the use of premises and equipment's)

Electricity 525,305 (Electricity expenses incurred during the construction period)
Employee Cost 18,795,364 (The employee cost relates to the employees who has hired to work in the workshop after the same will be ready to its intended use).
Contract Labour 1,849,283 (Contract labour expenses are paid to the contractor whose labour should work after the workshop will be ready to its intended use.)
Interest 3,722,483 (Borrowing cost as per AS 16)

Total 51,792,435

please help me and tell me a way to handle sebi and companies act 2013 in cs executive.we donot have any study material for companies act 2013 provided by the institute,they have given us the old material.