for example, am having an income in P&L for Rs.5 laks and my expenses excluding depreciation is Rs.4.5laks. depreciation itself is Rs.1 lakh.

In this case, is the unabsorbed depreciation comes to Rs.0.5 lakh? if wrong, give me the correct answer with reason.

Thank you.

How can pass Entry in tally (with Group)when Company deduct sum amount from employees wages for Travelling facility (Provide by Company) ?
Exm : Employee(xyz) Wages Payment Rs. 12000 deduction Rs. - 1500(Esic/Pf /PT etc.) deduction Rs. -500 (Travelling Charge is COMPANY Income) Net Payable Rs. =10000

I want to know if i build a small room in office Building do it is consider as office building or construction expense

P&L or BS

what to do about labour expense capitalized or not ?


thank you everyone..

1.I have audited one of the school trust where net income of the trust is more than 15% of school fees recd. I have query for how to show income in 10B form. Whether gross fee recd. as income and expenses are application of funds. Or net school profit as income and of that 15 % should be calculated or what?
please guide me for feeling form 10B.

2.That school fees are more than 1 crore whether any regn.reqd. under the any act.

Dear sir
Let us know in which a/c 'xerox machine purchased' should be debited while booking fixed assets i.e. office equipment or any other?.

Thanks
Arun

Dear All, Can anyone provide me details expanation of LBT(local body tax)...plz its urgent plz

Dear Sir/Mam,

Can you please give some Special reasons for extension of AGM other than the following:
1. Mergers & acquision.
2. Delay in finalising the Financials, or delay in audit reports.
3.Due to virus/ system problem.
4.Natural Calamity.
5.Change in financial year

sir what is the difference between 0% rate goods or exempted goods? Can a 0% sold goods able to get input credit?

is there any chance to withdraw direct entry scheme... then when will the last date ?

i am a ipcc student, also completed my graduation...
i am applied 2013 nov ipcc exam.but sir i like to convert into direct entry on 2013 dec(after writting the exam). The result of the nov exam taken for my new scheme or not..