goood morning sir/madam,

my client is engaged in civil construction work and has turnover Rs.60,00,000 as such liable to maintain accounts as per section 44AA,

but he does not maintain his acccounts ,,now from now onwards i want his accounts to be maintained in a proper way.

cash book,ledger would be maintained by him,but could your please elaborate the practical procedure how to maintain his accounts in a proper way,,for ex. vouchers to be maintained for any expenses wtih revenue stamp cross signed on that,,muster roll to be maintained for labour wages payment etc...

please guide me so than the acccounts could be maintained in a proper way..

thanks

please reply

Hi,

If I want to withdraw my PF while switching job, is there any challenge or legal restrictions. If Yes how can one overcome these challenges.

X, Y, Z are 3 existing companies. The said companies decide to carry a joint development project of constructing a building.
Instead of forming a separate entity (joint venture) for the proposed project, it was decided Z will carry out the entire operation. Accordingly, X gave Z 3cr INR and Y gave Z 1.2cr INR.
Both X and Y are showing the said amounts under Non - Current Investments(investment in joint venture with Z), while Z has shown the amounts received under the head current liabilities(Joint Venture a/c)

My question is:
1. is such type of venture allowed? Isn't there a need to form a separate entity for JV?

2. If it is allowed, how will be the sharing of income and expenses be done?

3. is the current disclosure by x and Y in their books right?

As per Expert Advisory Committee, advance paid in foreign currency for acquisition of fixed assets is a non-monetary item and not required to be restated at end of the year as per AS-11.

http://220.227.161.86/eac/eacfinal/vol28/37.html

My query is whether advance received from buyer for supply of finished goods will also be treated like a non-monetary item same as advance paid to supplier?
And if it is non-monetary item, I guess it is not required to be restated as per AS 11.

Dear All,

Please advise whether following note is correct :

As the full loan was taken at a time, the cost incurred to take (e.g. processing fees)loan, as per Indian GAAP, the full amount charged to P&L. As per IFRS, the charges should be amortised over a period of term of loan.
Thanking you in advance.
Ramesh

why is decrease in stock added back to the net income in a cash flow statement ?


Please kindly revert as soon as possible.

Thanks.

Can we show prior period expenditure as a head of expenditure in Receipts & Payments.

i want prepare brs of april 2012 i given some details plz carify with tat detail
chq issued as per book in march but clrd on aprl 20250
recvd deposits as per book of mrch but clrd on april 10500
clered in april bank book not account by us 1500
chq issued issued as per book in aprl but reflect on may25000
deposits receved in aprl as per book but reflect on may bank 14000
how to do brs with this examples..

Sir,
storage on penalty charges what is the tds percentage whether it should be come at section 194c or 194I,becuase we deducted tds under sectin 194C as contractor, whether it is correct or not

can any one tel me about renovation journal entry