Sir,
can rates higher than that mentioned in Sec 350 of the Companies Act be provided on assets. what if the management want to provide less rates?

WE PAID Rs. 150,000/- AS ADVANCE TO A VENDOR(CONTRACTOR) BUT TAX WAS NOT DEDUCTED AT THE TIME OF PAYMENT, RETURN HAS BEEN FILED FOR A.Y 2012-13. NOW WE GOT THE BILL PLEASE TELL ME WHAT IS THE TREATMENT TO BOOK THIS EXPENSE AND TDS ALSO.

Dear sir,

If a company has purchased a fixed asset as a spare to be used when the principal asset is out of order, when should the company pass the accounting entry for it i.e. debitting the asset a/c & crediting the vendor A/c ?
also tell me that when does the FAR would be updated?

In which head property tax should be posted in accounting books?

Respected experts plz solve my query

what is the difference between EVENT and TRANSACTION ?

What is the treatment of gain or loss on conversation of External commercial Borrowing in to Equity??

Hi

I m Confused with what is the difference between Sales Invoice And Tax Invoice?

What if Goods are exempted from Tax ? will it be a tax invoice or sales Invoice ?

Kindly help me on the following:

Whether HUF the karta of whom is also director of private limited company, can be considered as related party for that private limited company.
e.g. Mr. A is karta of ABC HUF as well as director of XYZ Private Limited. Can ABC be considered as related party to XYZ Private Limited.

Sir,
kindly tell me than when an asset must be capitalized, its date of capitalization & Threshhold limit?
also if any major repair is undertaken what would be the criteria?

Hello sir, please explain:- " the inventory a/c might be changed to bring them in line with the actual number counted during a stock take, at the same time, the expense a/c associated with the usage of inventory be adjusted by an equal and opposite amount." Q) what do the mean about an exp a/c associated with inventory here ? Q) how can inventory be adjusted with the expense account ?
Pls explain in detail.
Thank you.