A company has acquired land on lease for 30 years. After 5 years, by paying certain sum the lease is converted in to freehold. Earlier for 5 accounting years the leasehold amount was amortized. As at the last BS date the leasehold amount (Gross) appears on asset side and amortization reserve on the credit side.

My question is how to account for and disclose this in next BS.

hi sir my name is vivek . i started my articleship on 7/3/2012.now i want to take transfer fromn my ca. and he is ready to sign form 109 before 7-3-2012. now can i send form 109 dated before 7-3-2012. is there any late fee should be paid for form no 109

can you please send me all the documents format to be submitted to bank (MONTHLY OR QUATERLY OR YEARLY),if a company avail both term loan and CC A/C. ITS VERY URGENT...

sir i have filed a ITR4S for A.Y 2012-13 as on 28/03/2013. That is belated Return.. But Unfortunately i filed the wrong figure of closing stock in that return.. now i want to revise it but cant. How can i came out of this problem... plz resolve my problem

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agar individual apne father ( non resident age-76, non dependent ) ki liya medical ins. pem. diya . deduction mile gi u/s-80d?

I have filed returns in ITR 1 for AY 12-13 on 18th April 2013 but failed to take credit of TDS on Bank interest but have included the bank interest in GTI . so now what can I do to claim the TDS.

Hi Experts,
Can you tel me what date should we consider for calculating the due date for filing form 8? Which one of the following?
1 Loan sanction date
2 Date of Agreement of Title deeds deposited
3 Agreement of Hypothecation Date
4Agreement of Loan date
Please reply at your early.
Regards Arun

what should be written in form 8 modification if no change in value of charge?

my contract value is Rs.253000 including material and service provided...what rate of service tax and vat is applied for works contract and on what amount...give refernce of section also?

Hi,

An unlisted public Company is mainly engaged in seed, agriculture and nursery business. It also produces fertilizers which contributes to the total turnover of the Company to the extent of 22 lac only. But the aggregate value of the net worth of the Company exceeds 5 Crores and total turnover of the Company including other SEGMENTS (agriculture, seed and nursery business) exceeds 20 Crores.

As per my understanding of Rule 3 of the Cost Accounting Records (Fertilizer Industry) Rules, 2011; the said rule is applicable to Company. Am I right?

If yes, then whether the company should maintain cost records for other segments also apart from fertilizers? Is there any provision under which the Company can get an exemption from cost compliance? Please help before it becomes urgent from important.

Thanks.