Ours is manufacturing company. A project is going on for developing the company's new building.

Now i wanted to confrim whether We can capitalise the salary of the person (Includes directors and other managemnt staff) visiting the above project.

If yes Whether it would be correct doing that?

Is their any accounting standard related to this issue?

what is the provision for deposite of FBT - monthly basic or quarterly??????

if monthly what is the penality for late deposite if i am deposting quartely

We have been facing a peculiar problem. We a 100% EOU undertaking job work for SEZ as per Rule 41 & 42 of SEZ Rules 2006. The SEZ is sending entire raw material, consumbales & packing material to us for job work in original packing.

We after processing the material repacking the finished goods in seperate packing boxes which are sent by SEZ and then processed goods sent back to SEZ.

We want to sale the unused (un recyclable) packing material directly from EOU unit into DTA without payment of duty. But the Specified Officer of SEZ not allowing with the ground that there is no such provision. We have no other option except to send back entire un used packing material back to SEZ. which will finally be sold duty free from there.

We are unncessary bearing the extra cost of freight merely on the ground that there is no provision in SEZ Rule. Please let us have your view point and suggestion to come out from this problem.

I have my june attempt and am almost done with my Accounts course ,, But am left with Balance Sheet of Electricity / Insurance , Issue of shares , Fial Accounts . How should I go over them according to the level of importance .

I would really appreciate an answer .

what is the process and document required for inducting any non resident as director in indian company . is there any process where the candidate need to sign in front of ROC ETC IF YES PLEASE PROVIDE ME THAT WAY IN DETAIL ALSO

THANKS

Hi,

Can a CA working as full time paid staff with a CA Firm or in bank or industry also provide Consultancy services to his clients and raise invoices for the service charges? If yes, shd he get a some firm name registered or how & by what name he can issue Invoice to his client?

A manufacturing unit has taken serveral Insurances like Insurance for Plant & Machinery, Building, Stock in hand, Incoming Raw Material Marine Insurance, Outgoing finished goods Marine Insurance, Insurance of car being used by management.
Now, can the company take Input credit for all these cases or it will be limited to some specific extents. Pls clarify.

A pvt.ltd co. dealing in electric goods has a turnover of Rs. 10 lacs only. Hence, No need of tax audit report. My query is whether Form 115JB for the purposes of Book Profit is to be attached with the balance sheet or not as the co. has to pay taxes according to the concept of tax on book profit or tax on balance in p & l a/c whichever is higher.
Further Co. will pay FBT. Then also whether annexure for the FBT is to attached or not.
Please guide what to do.

A company has not received number of Form C on the date of preparation of balnce sheet. should company recognised the liability in respect of difference of tac rate (i.e. 12.5%-2%) in the balance sheet? what is the accounting entry? in future if the said C forms recd whether the company has to show income in the yaer of receipt or in the yaer in respect of Form C belongs?

Hi Experts,

Pls advise that which registers are statutorly required to be maintained by a manufacturing unit like DSA under Excise rules and whether these have to be maintained manually in prescribed format or they can be maintained in computer also? Pls specify the notification details if avialable.
If possible pls also tell how much sure you are of your replies in terms of %. After your replies pls keep the query OPEN for other experts to reply.