What is the accounting treatment of foreign exchange gains arising out of reinstatement of loans taken to acquire fixed assets during the pre-operative period? Whether the same to be charged to P&L or deducted from the pre-operative expenses?

Whether in cash system of accounting, excess fees received from a client could be shown on liability side as current liability?

CAN ANYBODY PROVIDE ME A PROFORMA OF INTERNAL CONTROL SYSTEM THAT SHOULD BE MAINTAINED IN A POWER GENERATION COMPANY?

whether gross collection of the cinema (Playing motion pictures)theatre collections come under turnover for the purpose of 44AB.

Respected sir
my quetion is simple
what is treatment of VAT input Tax paid for purchase of capital assest
Whether can we adjust the out put tax of vat when we sale the above assest

what is treatment of out put tax clooected on sale asset

REGURDS
MUTTU

Transfer Price Clarification

X Ltd, a Manufacturing company, sells products to its Associates, Y Ltd(40% holding) , singapore. It also sells the same products to Thailand company called Z ltd, which is not an associates or subsidiary.

The company sells the same products in domestic market also. If it compare with domestic market, the export price is very less. More over the price charged to the singapore and Thailand also not similar. The mostof the product price is charged based on the quataion and the market price prevailing outside the country to which it is exported. price also varying from time to time.

My question is how to compute transfer price in the above situation.
Which method is suitable.
The cost of the above product is available.
But the comparable uncontrolled price is very difficutty to find out and
Whether the selling price adopted for Thailand can be taken for comparable purpose.

With regards

Mani

Sir, I had cleared one group of my finals in 2001 but went into job post that. I want too appear for the remaining last gropu in may. I wanted to check if I am still eligible for the same. And if so are there any formalities that need to be completed at my end.

Hi every one,
There is a strong rumour that this attempt results would b more worse than the last.
As CA's are more in supply and there was an high level meeting to discuss this subject. they considered the fact that all CA passouts could nt get through CAMPUS, which indicated a decline in QUALITY ,
So is this rumour true .
SHED light on this Subject to dispense wrong beliefs .

Thanku

granite polishing unit has sub contracted the work to an individual .whether this sub contract work comes under service tax net?

Seniors

please explain the process of Termination?

What are the documents involved in this?

Explain claerly?