Suppose, company has taken a loan of Rs 100 Crore @ 10%pa (General Borrowing) as on 1.4.2011 and out of this amount it has infused Rs 20 crore in its Project-I on 1.4.2012 and further infused Rs 30 crore in Project-II on 1.4.2013.

Now What will be the interest amount to be capitalized of Project-I and Project-II on 1.4.2014.
What will be the treatment of interest on Balance Loan of Rs 50 Crore.??

Our company is into online training services. We have program of 400 hrs which includes 100 hrs of class room training and 300 hrs of online training. How do we recognise the online training revenue. Do we need to recognise based on the number of hours the user has used the online facility till the year end. or can we recognise the entire online revenue immediately irrespective of the user having access.

friends I already adjusted Unadjusted Forex gain/loss but now its showing 0.01 in B/S. Please help me to solve this. I have only one bank account in USD, all other are in RS. Please help me to solve this coz am not familiar with Tally.
Hope I will get a faster reply.

An employee who had left one organization on 31/08/2013 and join the Sister concern of that organisation on 01/09/2013 having same Address of Head office as of earlier organisation. Is there any procedure that employee can withdraw his pf amount in this situation?

Thanks & Regards
Sudeep Kumar

Dear Sir,

I just want to ask a question:

What is the procedures for an withdrawal of pf when an employee tfr to sister concern of the existing co. simultaneously without giving gap of 2 months?

Waiting for your response.

Thanks & regards
Sudeep Kumar

sir , i have a query of tds when we submit the tds of party example bill comes on date 25.12.2013 and we do the payment in january 2014 . so in this case tds submit in oct -nov quarter or in jan - mar quarter..help in this query

conditions when internal reconstruction is desirable

Hi

We Have received payments for services provided outside India in Euros let say on 10Dec when exchange rate was 84.10. Have Transffered the same from Nostro to EFC account let say on 12 Dec when Euro rate was 85 Rs. After that converted euros in INR on 15 Dec. when exchange rate was 85.70. Can some one guid me how to record receipts in books and at what rate. & also the conversion entry.

As per the budget there is rebate of rs 2k if the income slab is 2 lacs to 5 lacs. can some body clarify the same. deb

How Sanction limit is calculated?
How to calculate the Drawing Power?

Can advances paid for the purchase of Raw material be consider as stock and added to stock?