Dear Professionals
I have a query:
A company incorporated 5 yr ago. The Company have two business
1) Exporting CAD Designs to its holding Company (work place :work from home)
2) manufacturing - operation not yet started , only training work is going on (Work place: factory)
Company have expenditure related to :
1) Staff salary(both for delhi office and factory)
2) electricity, water , telephone etc expenses (Factory site only)
My question is:
1) Whether company has to treat factory related expenses as pre operative expenses?
2) What is the treatment of expenditure done at factory site in balance sheet.
Thanks in advance .

A pvt. ltd. company having turnover as below :-

F.Y. Turnover
2012-13 67.00 Cr.
2013-14 116.00 Cr.
2014-15 135.00 Cr.

We cover under SSI unit (Value of Plant & Mac. below 2 Cr.)

Should we get Cost audit from Cost Accountants. If we have to, from which financial year? Any other compliance in respect of the same.

Please advise.

Hi, I Have a query regarding depreciation as per companies act 2013,
1)as the new act requires the depreciation to be computed on the basis of remaining useful life of the asset, would it also require the useful life of old assets to be redetermined or should it be calculated based on the year of purchase
2) Is the notification relating foreign exchange fluctuations on purchase of Fixed Assets still applicable
3)What would be the treatment of the Intangible Assets as per the new act, are they still amortizable over a maximum period of ten years as given in AS 26.

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