Mr. A sold goods worth Rs. 15000/- to Mr. B, now at the time of payment Mr. A suggested to Mr. B that he should pay to him Rs. 13000/- only and the rest Rs. 2000/- paid to transporter of such goods.
My query is that adjustment made as above is permissible in book of accounts as per incometax or tax audit ? or whether sale is to be considered to the extent of 13000/- ?
Please do needful help.

Isold my old car (worth rs 120000.00 in books)in rs.20000.00 and also purchase a new car worth rs. 400000.00 , HOW MUCH depriciation CLAM on both car`s.
please help me .

Amount INR 117000.00/-

to be Expensed out or Shown as intangible asset under India AS & International AS

Kindly suggest asap

What should be the treatment of Trial-Run Expenses (consisting of all revenue expenses). Will these be capitalised by apportionemet in Fixed Costs??

Suppose private ltd co. has taken insurance policy of 10 years against damage caused to plant and machinery by fire and paying premium annually.....so what is the tratment of policy in financial statements on the date of policy taken and subsequent premiums paid.

Is it to be capitalised and if yes then how?

plz answer as per revised schedule VI

how to prepare accounting standards
refer best notes

What is Interest Rate (on Late Payment) on Professional tax.

Hello,

I was wanting some help regarding Foreign Direct Investment in a company involved in retail trade.

Will it possible to explain how would the Financial Statements of a company be affected (and what changes will take place) in case it receives Foreign Direct Investment?

As per revised schedule vi...misc. assets is not been shown in the balance sheet...

but actually where it is shown????
or is it actually dropped...
please let me know about revised schedule vi details regarding old and new....

What is the rate of tds on rent ? & Is there any slab to deduct tds on rent ? kindly inform me in detail.