Dear Experts,

One of my client being a Pvt Ltd Co has engaged in manufacturing activities. The company has already commenced commercial production in F.Y.2012-13. Now during year 2013-14 the company has received Rs.15.00 Lacs as Capital Subsidy from DIC. Now query is with regard its treatment as per Revised Scedule VI Balance Sheet as per Companies Act that is whether such subsidy has to be separately shown under grouping "Reserves And Surplus" as Capital Subsidy Account or the same may be reduced from Plant & Machinery block of Fixed Asset for the purposes of computing Depreciation as per Companies Act for the year under audit.

Please give reply with cited case law also as per I.T.Act for computing Depreciation as per I.T.Act.

Due to death of both my father and grandfsther in my family, All my aunts{my bhuwa} requested me to get Relinquishment Deed,By which they Loose Right to claim any Financial Interest, in my ancestral property My Query 1.Is Relinquish of Rights of ancestral property Attract Capital Gains?? 2.Should relinquishment deed REGISTERED compulsory as i am now PLANNING TO GIVE it on RENT?? Note-there is no consideration

IN A GOODS CARRIER FIRM OTHER TRUCK OWNERS COMES AND WORK WITH THEM, THE PAYMENT OF OTHER TRUCK OWNERS COMES TO THE GOODS CARRIER FIRM .
MY QUESTION:
HOW THE GOODS CARRIER FIRM WILL MAKE THE PAYMENT TO THE OTHER TRUCK OWNER WHAT WILL BE THE MODE OF THE PAYMENT ?

Can anyone guide accounting of an individual whose into share trading ? What all documents to be asked for ? Which ledgers will go under which group in tally ? What about stt , demat charges , dividend income in course of share trading ? What about closing and opening stock of shares and their valuation ?

is cs executive 2014 dec attempt is applicable for old or new syllabus. which syllabus i have to prepare

If huf is dissolved due to death of karta n balance in bank has been transffered to th family members.. what is the accounting treatment in books of accounts of huf n members of the family

I need to know whether the LC opened for importing the goods with the bank for rs. 1000 will be entered in the books as bank OD?

A Proprietor Concern is doing an F&O, so for that purpose what entry has to be passed. It does not keep any margin with the broker. so Whether separate margin account has to be opened under which head?. What about the charges that has to be debited and how it has to be entered in accounts and what about taxation parts. Please explain?.

In chapter of employee stock option plan there is journal entry regarding expense in respect of ESOP recognised during the year

employee compensation expense a/c ...DR
employee stock option outstanding A/C

my query is why employee stock option outstanding is credited ?

I m trying to make account for year 2009-2012 . Transaction type is shares : delivery based, F&O and short selling and intra day . --) is short selling and f&O transactions are speculative ?? --) if I have 500 shares of abc ltd purchased on 10-4-2009 . If I bought 100 shares again on 12-4-2009 and sold 200 shares on same day, what quantum is intra day and what is normal?