As per Accounting standard only the Construction,Land and Finance cost for land can be taken to WIP. If the company has only one project to be completed in 5 years, Selling expenses starts in 1st Year of project.

My Question is can the Selling expenses of the project (broker)be debited to P&L without booking the revenue as per % completion Method?

Is matching revenue with expenses not applicable?

Does Balance sheet has to show a loss for 3 Years and then start setting off losses with revenue?

ADVANCE RECEIVED 1,00,00,000
SERVICE TAX 12,36,000
TDS 11,23,600

IN THAT CASE WHAT CAN WE DO FOR TDS SETTLEMENT, BECAUSE TDS ALREADY DEDUCTED ON INCLUDING SERVICE TAX AMOUNT, BUT AFTER NOTIFICATION PASSED ON 13.01.2014 TDS NOT TO BE DEDUCTED.


PLEASE SUGGEST WHAT CAN WE DO IN THAT CASE

THANKS

dear sir, to overcome accumulated losses a co has written back depreciation worth 13 crores in current year. What should be done/reported from auditors point of view. is it allowable as per Companies act & IT act.

DEAR SIR/MEM,
IF I FILE RETURN AFTER DUE DATE,IS THAT AFFECT THE TAX REFUND TIMING OR ASSESSMENT TIMING AT CPC??

We have a client & the same is recording discount on Previous years Sale in this year due to the fact that approval is received in the current year.....

My question is that if the same would be allowed in the current year as per Accounting Standard & Income tax act point of View ?

Thanks & Regards

Anjana

DEAR SIR,MEM,

MY FATHER IS A GOVERNMENT SERVANT,DUE TO SUCH CIRCUMSTANCES WE COULDN'T PAY TAX DUES OF Rs. 6780 IN A.Y 2011-12.AS IT ONCE SET OFF AGAINST REFUND OF 6000 IN A,Y. 2012-13 AND I HAVE RECEIVED NOTICE U/S 245 FOE THE SAME..CPC HAS BEEN AGAIN SET OFF OF Ra.6780 IN A.Y.2013-14 REFUND OF Rs. 9950.I HAVE FILED RETURN ON LINE, WHAT SHOULD I DO ?? WHERE I HAVE TO FILED REQUEST FOR THE SAME???

what is DBMS?

Sir,

I want to know is there any change in Financial Reporting paper in Nov.2014

Wat is the procedure for revaluation of ipcc paper. I am not understanding the mode of payment

an non resident assessee working abroad, receiving salary in dollar there, but salary is credited to his account of bank in India through Head office at Calcutta via mumbai-behrain. now my query is that whether it is taxable in India on the basis that income is received in india.