H'nable Sir & Dear Friends,


I want to know about accounting treatment of octroi & freight Expenses (O & F Exp.) on following cases :

1. Expense paid by us on Purchase of Goods & such expenses added in Purchase Invoice.
:- Can I consider as direct exp. or Including in Purchase amount?

2. Whenever Goods sold to Debtors, issue Sales Invoice & in such invoice added O & F Expenses which was paid by Debtors.
:- such exp. include either in sales A/c or less from O & F Exp.(which showing in P&L A/c)


Note:- Not levy VAT on O & F Exp. in both case Goods Purchase & Sales.


What if VAT levied on O & F Exp., in this case your suggestion will changes.

Dear CCI team,

Please let me know
Date of capitalization for Fixed assets like computers, softwares, laptops,TVs,

Should the date of capitalisation be the Date of GRN or Ready to use date

hi to all.... according to sec 164 of companies act 2013 ..... point 2 says that a director appointed in company fails to upload or failed to pay back..... (explained inshort) in this company reffered to either public or private or both... please help me... sme wat urgent... thanks in advance...

hi, if a pvt ltd company wanted to declare interim divided of the company for the first time, from the accumulated Profit of the Previous Year and it does not transferred the profit to the Reserve of the company?
Then what are the conditions and amount to which a company may declare Dividend?
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Dear Sir,

I successfully completed ICWAI inter st stage in 2007. I wish to continue my study. Can I continue the ICWAI? Kindly answer my Question ASAP

i have come to know that if a person sells his agricultural land which is not within the specified area then he is not liable to pay any tax

if an individual buys and sells land for some 3 or 4 times his income is taxable as business income because of continuous activity

i want to know whether there is any rule that if the number of transactions are above (some x) it is said to be a continuous activity

how to determine an activity is continuous or not?

Sir
One of my friend is having FDR worth Rs.5000000 and now he wants to create HUF.So suggest me how he can use this money in HUF and how he can create capital for HUF

if the firm that is providing service and not registered as the turnover isn't exceeding prescribed limit, will the firm be liable to file service tax return?

sir i want to know whether a bank manager can view an individuals or a partnerships income tax return?

if they have access then why a manager asks his customer for 3 years of itr if that customer want a personal or some other loan

Hi Experts,
I Have Submitted Form 26QB Online But By Mistake I have Typed Finacial Year 2014-15 Instead of 2013-14.So please suggest me is there any alternative option to rectify the above problem.

thanks