Dear Sir,

In one of the Companies,it was noticed that provision has been created for the non-arrival of the invoice copy of the vendor, though the asset has been physically arrived in the premises. In case this provision has been provided soon after the ending of the half year, whether this provision is subject to depreciation???

Whether this treatment is correct or the arrived asset has to be accounted as CWIP and reversed when the invoice comesin??

Please reply as soon as possible.
Thank you in advance

Hi,

Is there any particular time bound to open a capital gain ac, I mean after selling the Property ,with in how many months we need to open a Capital Gain Ac.

Thanks In Advance....................

if an individual has taken a loan from an NBFC or a private limited company does he has to deduct TDS on the interest paid to the company?

A justification report has been generated for F.Y. 2012-13 for 4th quarter (form 24Q) for short deduction as well as short payment of TDS, Rs.27 & Rs.12 respectively. Can help of instruction no.8/2010 of 08/12/2010 be taken and not pay these both? What about revising the TDS return of the relevant quarter?

Thanks,

Hello Experts,

I would need your advise on below query.

-ABC co. has negative working capital and unable to pay overdue creditors in India.

-XYZ co. being foreign holding company of ABC co. desires to pay the creditors directly out of foreign country.

Pl advise if that is possible or if there are any legal/tax implications.

Dear Sir,

Our company is liable to pay service tax under reverse charge mechanism on GTA. I want to know can a company use such service tax paid as tax credit with other tax credits like telephone expenses, internet expenses, courier expenses etc to deduct from the service tax which company liable to pay as service provider ?

What is the Taxability of an Apartment Association in relation to Maintenance income
and other incomes like Interest on Fixed Deposits,Mobile Tower Rent..etc received by it?

Dear sir
i have received Rs 20000. 00 on a/c interest on bank recuring deposit during the f.y 13-14 pls advise that total interest will be taxable or not ,

Company imported raw Material from abroad and some amount payable against such imports as on 31.03.2014 Company imported RM of Rs. 62 per USD and on 31.03.2014 USD value per rupees is 60. In that case company gain of Rs.2 per USD ( 62-60). My question is that company make Provision or not of Gain on Foreigh Exchange as per AS -11 as on 31.03.2014

Please help me.

Dear all,
Please advice can we issue receipt in back date of an NGO ?? as we have received donation of Rs. 10 lacs on 29.3.14 by RTGS, receipt was not issue , after that we have started to issue receipts of April month, can we issue it now. In which date please tel.