land was purchased in September 2003. now i am selling it out. Some portion of land was sold in February 2014 and the consideration amount i deposited in my savings bank account. While the rest portion of land going to sale out on March 28th 2014. For L.T.C.G i want to buy bonds. My question is 1)should i have to invest in current f.y I.e. 2013- 2014 2)Or can i purchase in next f.y I.e.2014-2015 3)should I invest in NHAI or in R.E.C or 50% in ech

I want to know whether Sundry Debtors is a Tangible Assets or Intangible Assets ?

Please post with reasons.

Query related to AS-18 If holding co. Trasfrs GOODS to subs.co... it is a related party transaction...but while preparing consolidated fin. Stat no disclosure of the same is reqd in CFS. Similarly if holding co. Transfers any ASSET to subs. Co...it is a related party transaction....my question is whether in cons. Fin.stat. does it need to be disclosed or in this case also same treatment is to be followed as in case of sale of goods by hold.to subsidry......pls reply

Pls can anybody tell me if loan taken for the purchase of building and intt. on that loan can be treated as borrowing cost and other cost to take that loan is to be included in loan or borrowing cost or taken to profit & loss a/c as a indirect expense.



WHAT are the treatment of borrowing cost in regard to INCOME TAX.

I'm audit a company in which having 2 branch and 1 one brach having negitive cash balance. in audited balance sheet or previous year..is this posible or not?????

Hi Sirs, Whether CA Final students whether individually or in a group can for a business to complete all the pre-certification activities. All the work before the stage of certification will be completed and assisted by this business team in all respects.. Can they do so?? Any legal obligations??

A party of mine has sended us Confirmation of Accounts , but we are not agreeing the balance as there is dispute between us over charging of Interest, though we charged till last year ,,, from current year we dont want to show,,,

What should i do ...

Thanks In advance ... Very Urgent.

Dear Sir,

Please help me. How to a/c for builders.

our company process..

First customer book the flat and entered into agreement with builders,who's given consideration instalment as per agreement...like advances taken from customers.
how to a/c for as per AS-7 or AS-9?

and please explain?

Respected experts,

Under which a/c head will payment made for purchase of digital signature be debited as an expense? and why?


Thanks in advance.

can anyone give me example (practical or illustration) of cross holding merger??? i searched in many books but i cant found??

if possible plz give solution