Hello CAclubindia, Is is right to deffer the expenditure & allocate it throughout the year in equal proportion. for eg: donation made of rs.80000 in the month of august 2012 so here the acctng entry passed was like this 1) Donation A/c --------dr 80000 to Cash/bank A/c 80000 2) P/L A/c ----------------dr 8000 prepaid Exp a/c ----dr 72000 to Donation A/c 80000 ( Donation exp of Rs.8000 booked for the month of aug 2012 & remaining deffered for remaining months) Is this the right way of accounting. best regards navin
Read more at: https://www.caclubindia.com/forum/accounting-of-expenses-251087.asp
IF CAPITAL GOODS ARE DESTROYED BY FIRE IN 1ST YEAR THEN WHAT WILL BE THE TREATMENT OF CENVAT CREDIT...???
can assessee partialy invest the ltcg in purchase of new house and partially in construction of floor above that new house..would he will be able to get exemption for both or for else?
I want to Open a branch office in US(United States). I need to know the procedures and requiremnts for the opening of Branch office in US related to FEMA , SEBI and RBI rules regarding opening of Branch office in US. Please gudie me what to Do for opening of Branch office in US. Currently Our head office is in Ahmedabad and we are dealing in IT & IT enabled services. I reuest to all the experts to guide me in this matter.
Thanking you in Advance.
Regards,
AShsih Sarawagi.
In sales invoice which tin no. have to mention ...? Buyer Tin No. or Consginee Tin No.
hi plz differentiate Goodwill and Brand Equity
We are automobile Parts manufacturing listed company and we have hired a cab for full day basis which starts it service from picking up the employees from various location to Factory office and stays there full day for various needs and end up with dropping the employees to their house at evening. Cab service provider is a registered individual having service tax registration no. Do we avail the Input service tax which we pay under reverse charges mechanism. Kindly suggest.
Income tax return filed in the 'status' of non resident with a refund claim. Return had been processed by CPC and refund issued under ECS. But refund returned unpaid since the NRE bank account given in the income tax return is closed since status changed from NRI to resident. Contacted CPC in given toll free numbers and they are not guiding properly. Contacted the jurisdictional ITO and from that office also proper course action is not given. What is to be done to get the refund of about Rs. 30,000/- pertaining to the assessment year 2011-12.
in partnership deed required how much value of stamp paper
Mr.A is director of "X" and "Y" Company. "Z" is subsidiary of "Y" Company.
Mr.A would like to sale some assets of "X" company to "Z" Company ? This is related party transation ?
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
IDT LIVE Exam Oriented Batch | May 2026, Sept 2026 & Jan 2027
Accounting