arun laxman gaikwad
25 March 2014 at 14:55

Shall we capitalise these items ?

Dear Sir

Shall we capitalise the following as fixed assets ?

1) purchase of new cartridges
2) purchase of computer mouse
3) purchase of motherboard, adapter, hard disc
4) purchase of UPS

Total purchases may be below 50000 to 60000.

Please answer and if yes to which account should this be debited ?

Thanks
Arun



Anonymous
25 March 2014 at 14:50

Capital gain

The following is the agreement entered into between the assesse and a contractor in Apr-2010: "The contractor will takeover the existing flat and after rebuilding it, he will give a flat bigger than the old one and compensate for the rent in the period of construction. How should this case be treated for Capital Gain. Is it consider as transfer? What is gross consideration? Sec-54 applies or not?

Thanks in advance


CA. YASH DILIPBHAI HARIYANI
25 March 2014 at 14:48

Bank statutory audit

Please sir its urgent


CA Piyush

i get to know that is possible only in last year of articleship but we can't get articleship in a company in first 2 years . please tell me the right conditions to go for training in a co.


UDAY BHASKAR AKULA
25 March 2014 at 14:27

Reverse charge mechanism

Sir, now RBI is liable to pay service tax on RCM,what is the interest rate for delayed payment of service tax that is applicable to RBI


riddhi
25 March 2014 at 14:08

Accounts

I have fixed deposits of two banks and opening balance is shown of two fd accounts.when i tallied both the bank's fixed deposit,i found that there is a deficit in 1 bank's fd and the same amount is shown as surplus in other bank's fd. can i adjust the surplus amount with the defecit?
ex: fd with sbi showing deficit ( 10 lacs)
fd with central bank showing surplus 10 lacs

can i adjust them as on 1/4/2013?


Anmol Varma
25 March 2014 at 14:01

Tds on real estate

Sir,What are the provisions for property which is situated in foreign country, and the seller is Indian Resident...????


phani
25 March 2014 at 13:46

On peas

Hi Experts, Please help me whether service tax is applicable or not on Commission / Brokerage on Sale of White peas in Andhra Pradesh. Thanks in Advance. With Regards Phani Kumar S

Read more at: https://www.caclubindia.com/forum/details.asp?quote=1299642&mod_id=285927#reply


Bipin

Bipin Bipin on 11 March 2014 if will import sarin company software from israel than do I need to pay service tax. because nowadays central excise department are charging service tax on imported ( purchase) sarin software



Anonymous
25 March 2014 at 13:43

On peas

Hi Experts, Please help me whether service tax is applicable or not on Commission / Brokerage on Sale of White peas in Andhra Pradesh. Thanks in Advance. With Regards Phani Kumar S

Read more at: https://www.caclubindia.com/forum/details.asp?quote=1299642&mod_id=285927#reply






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