WHETHER FOLLOWING ITEMS SHOULD BE CAPITALISED UNDER THE HEAD "COMPUTER & SOFTWARE" OR NOT:

1. UPS
2. UPGRADATION CHARGES OF SOFTWARES LIKE TALLY, ETDS ETC.
3. NORTON ANTI VIRUS SOFTWARE

if once excise paip .
can we take credit
if yes
how
please help me on this metter

in case where there is change of propreitor say from X Individual to X karta of HUF whether 2 seperate tax audit report are required to be given even when the business remains the same

hello

sir
i want to know that is there any amendment in celling limit of audit(No of companies) if amended than how much

hi,
my query is this..a company got prof tax registration only in nov 07.. and hence deducted it only frm nov 07..also they hav paid the arrears from April 07 to Oct 07..to which head of account should it be charged? pla clarify.. thanks..

How will you find a ommission of a bill from entering the accounts when you do not have or seen the bill? That is the bill is ommitted from accounting because of unintentional misplacement of the bill by the accounts department. The accounts department is not aware of the ommission.

How will an auditor will find the above query while vouching or general ledger scrutiny?

Hi All,

Can anyone please tell me the meaning of "Statutory Audit" ?

All properties of partnership firm is transfered to company, is it coming under Capatial Gain ? if it is long term or short term...

hi,
can u tell me what are the consequences of issuing post dated cheques.. which s accepted by the company from its customers.. also pls clarify from audit point of view..

Dear Experts,

Whether any item purchased below Rs.5,000 then it is to be treated as a revenue expenses ? means considered in expenses head?

One of our client is not agree to capitalized those item which is below Rs.5,000 & They said as per companies act. if any item purchased below Rs.5,000 is to be treated as a revenue expenses i.e. considered in expenses head.

They are also written of fixed assets which is opening W.D.V. below Rs.5,000.

Whether this accounting effect is right or not as per companies act.& also tell me what companies act. said about this type of transactions.

Pls.solve my query asap.

Regards,
Prakash Jasani