Guest
This Query has 3 replies

This Query has 3 replies

26 July 2012 at 00:09

Fixed asset

Can expenditure for development of a website be capitalised as computer software and what should be the depreciation rate?



Anonymous
This Query has 1 replies

This Query has 1 replies

25 July 2012 at 16:18

Export sales

Hi,
A customer pays advance in INR and the balance in foreign currency. Invoice raised in USD and the goods are sent outside India.

1. IS it export Sale?

2. Exchange rate fluctuation whether to book?


Ramesha.M
This Query has 1 replies

This Query has 1 replies

25 July 2012 at 13:46

Not shown vat payable in the b/s

Dear sir

1)in the A.Y-2011-12 our client Balance sheet not shown in the VAT payable in the Balance sheet and

2)wrongly shown as VAT Refundable but their is no any refundable Balance

Guide me

Regards
RAMESHA



Anonymous
This Query has 2 replies

This Query has 2 replies

My company Had Opening Block Value of Plant and Machinery Rs.88,22,564 we Purchased a Ups Rs 1750 it is capitalized or Not.
and also suggest me co. Act Provision Regarding Capitalization of F.Assets and Individual Assets.



Anonymous
This Query has 1 replies

This Query has 1 replies

25 July 2012 at 12:38

Carriage outward

As per Sales Order, freight @ Rs. 20.00 per K.G. is paid by the buyer. But actual freight paid to transporter by the seller is Rs. 5.00 Per K.G.

So what is the accounting treatment for Rs. 15.00 (Balance Amount)?

Whether the Service tax on Actual Freight is paid or as per Sales Order i.e. on Rs. 20.00 is paid?

Please reply ....



Anonymous
This Query has 2 replies

This Query has 2 replies

25 July 2012 at 03:32

Query on accounts finalisation

Dear Friends / Experts,


I have a query in finalising the accounts for Individual (I am just assisting my friend for filing his income tax return as he is a small tax payer).


Balance Sheet is not tallying (i.e. Liabilities is not tallying with Assets
and has a difference of say Rs.21500/-).

Query

The assessee is not in a position to recollect the details for such difference.

How can the accounts be finalised in such a situation or is there any way to resolve this ?

Ans.......

Kindly advise on the above query.

Thanks.


mukesh
This Query has 1 replies

This Query has 1 replies

25 July 2012 at 00:20

Schedule vi new

Pls. guide me while preparing Financial Statement under which head the below expenses to be taken as per New Schedule VI

Interest paid on late payment of advance tax, service tax, excise duty, wealth tax in Company
Penalty paid to PF, Income tax,

Filing fees- MCA, ROC,
Expenses paid for Legal expenses to Advocates for notary or registration puprose.



Anonymous
This Query has 3 replies

This Query has 3 replies

25 July 2012 at 00:02

Sale of fixed asset.

I had a cargo van which i have sold recently..now i needed to make entry in tally but i dont know that how to make entry of it..
In F.Y.2011-12 rate of cargo van was 145000/- but i sold it in Rs.130000/- this year..
please tell me that how should i show the loss amount Rs.15000/- which i have incurred on selling????

thanking you in advance..


KETUL VORA
This Query has 2 replies

This Query has 2 replies

24 July 2012 at 17:48

Inventory

A Company is in manufacturing business of Confectionery items (Like Biscuit, chocolate etc.,)

A company is having lot of Dies & Tools which has been booked as Plant & Machinery

Can it be treated as Inventory ?

(Company is not trading with Dies & Tools and Company has to purchase Dies & Tools in every month due to change in products)



Anonymous
This Query has 4 replies

This Query has 4 replies

24 July 2012 at 16:06

Sale of building

We are selling one building in the name of our company.What are the taxes applicable against such sale.






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