I have given an advance against under construction property amt 300000. possession will be given in 3 yrs ....how to a/c for it in books of a/c's ...and where to show it in income tax return . itr -4 ....i am self emplyoyed..balance payment will be made as per construction in 3-4 months time i.e. 10% per instalments .

tks in advance

Loan From Directors Is Secured Loan Or Unsecured..??

Dear members please give me information about "CRR" and how it is calculated.

Hello,

A Proprietor has kept records of 15 years in his office and wants to remove the data for the years in which it not required. What is the maximum time period for maintenance of books under all relevant Acts(i.e. Income Tax, Maharashtra VAT, CST, Service Tax, Profession Tax etc.)?

Sir

My company is engaged in BPO and software activities. We are having different processes for which we receive income from specific clients. In order to do costing for seperate processes how can I book the fixed costs like rent, electricity etc

Sir,

How processing of transactions takes place of Banks having different Branches arround the country.

I want to know practice steps they used to take to maintain there books , please enlighten me how they Practically maintain there books because in it use not to be maintained like books maintaining in Tally Softwares.

Thankyou

When I was working in my previous company, the sale entries were done by sale voucher (vat was also applicable). But now its a service company b2b business here sale entries or revenue entries are made by journal. My question is y so?

I paid incentive to an employee...but for some reasons I had to reverse it by adjusting with his upcoming salary. So I passed this entry : STAFF ADVANCE A/C..........Dr.
To INCENTIVE PAYABLES A/C.

So when I go to incentive payables ledger its shows credit balance of that amount.

So how to clear off incentive payables account? Is there any other entries required eccept salary entry

I want to know that if we want to calculate the EPS then what is the exact formula for that, whether if in a company there are both Equity and Preference Shares then whether we have to include both in the calculation or only Equity Shares is to be included.
Secondly, what is the basis difference between Basis EPS & Diluted EPS.
Thirdly, if in the company issued share capital is different from paid up & subscribed capital then in calculation of EPS which has to be taken.

We have one old building. We now demolish the old building & construct new building in the place of old building. Pls let us know what about the old biliding entry in accounts. Should we show in B/S now or else. pls guide