Ours is a partnership firm and have spent Rs 3.50 lakhs on software development. Should the same be capitalised or be treated as expense for the year

By converting from dollars to rupees for our local expenses, is it a violation of FEMA?

can any1 suggest top 6 chapters of a/c ipcc g-1 which wud be enough to clear tht subjct???

Dear All

what will be the TDS rate for Video Eiditing
charges for conference

Regards
Mrityunjay

Dear Expert,

I am working in Export company I want to know on 31/03/2012 whether any entry we have to pass for exchange rate difference entry or not if yes then why and how we will the entry??

Thanks in advance......

WHILE MAKING A PROVISION OF AUDIT CAN WE EXCLUDE SERVICE TAX ??

SINCE SERVICE TAX RATE HAS CHANGED FOR F.Y 12-13 & WE HAVE TO MAKE PROVISION OF AUDIT FOR THE F. Y 11-12, WHAT EXACTLY WE SHOULD DO WITH REFF TO SERVICE TAX & TDS.

Dear members good morning to all.
I have a query on above mentioned topic. Is there any concept called contingent asset ? if yes, how to disclose it in the balance sheet of business entity?

Dear All
Can any one clear about tds entry.
ex: If we are receiving a payment from a vendor we just Dr the Party and cr Tds certificate collectible after while seeing the 26 as we came to know that the vendor is deposited the tds. then what entry should be posted in tally ?
eg: TDS certificate received Dr
Tds certificate collectible Cr
The above entry is correct ? both the ledger are under a same group ie., Deposits . Pls clarify it
Regards
Naveen

What are items that create differences in the computation of accrued interest on fixed deposit by bank and as per our calculation?
I computed the same but i am getting little bit difference between bank and my calculation? If any charges were deducted then what could be those charges?

Sir, My question is how Long Term Capital Gain is adjusted in book of accounts. E.G. If I puchase a ready possession office for say Rs.500000/- in 2001-2002 and sale it for Rs. 10,000,00/- in 2011-2012. Since Rs.500000/- is the o.b. in Assets side in the year 2011-2012 then How it will be increased. My query is how amount including appreciation amt(indexed cost gain) + long term capital is adjusted. Is it directly credited to Capital A/c Pl. Inform.