What will be the accounting treatment for grants received by a PSU for making VRS payments?

Dear All

Please let me know, what is the deffered tax assets/liability, and what is the calculation.

1) Indian co is having 100% subsidiary in china

2) Indian company sells goods mfg by it to subsidiary as well as other parties in china

3) The goods sold to subsidiary are different from goods sold to other parties.

4)There is no other competitor in india
Who mfg, the kind of products mfg by indian co.

5)There are some international competitors who mfg this kind of product outside india but sell in china

What appropriate method should be adopted to satisfy that the transacion between subsidiary & holding are at arm's length price.

Hi All,

What is deferred tax Assets/Liabilities. And what is Meaning of "Time Difference" word used at the time of calculating Deferred Tax. ????

I passed PE II on july 2007 and enrolled as an articleship student on january 23,2008 and as a final student in new scheme.My querry is:

1)What will be the duration of my articleship its 3 year or 3.5 year as in new scheme?

2)When can i write the final exam, after completion of 2 years of articleship or 2.5 years of training?

the asessee has incured loss besause the business activity was not carried on in the py. and expences has being incured also can depriciation can be charged is their is no business activity is being carried out . the ITO din't allowed that business losess to set of aginst income from other sourses and whole income from other sourse is taxed in ITO order

RESPECTED SIR/ MADAM,

I WANTS TO KNOW HOW TO AUDIT THE DOCUMENTS OF IMPORTED RAW MATERIAL REGARDING DOCUMENTS REQUIRED, LEGAL PROCEDURE, RBI ACTS AND RULES, PAYMENT OF PARTIES AND FINANCE REGARDING THE SAME.

PLEASE PROVIDE THE INFORMATION AS SOON AS POSSIBLE.

REGARDS,

PRABHAKAR

1)Pcc Strategic Management

MRP= 110
Dis=20%
Net Price=90

Authors are :- Sonu Gupta (CA)
Vidhi Juneja
Dr. R.C. Sharma

2) Pcc InformationTechnology

MRP= 220
Dis= 20%
Net Price= 180

Authors are:- Sonu Gupta (CA)
S.K. Monga

Dear Sir

Please can u let me know what is the Fixed Assets depreciation rate as per Companies act.


Naveen.

whether the liabilities arisen on account of loans or borrowings or advance in any form received by the parents without the knowledge of their sons/daughters will bind on the sons/daughtes? if so what are the legal remedies available to the innocent legal heirs?