There has been an amalgamation of two private companies. The transferor company had in its books share application money. The amalgamation was in the nature of merger. The amalgamation scheme provides a broad accounting treatment for accounting of all assets & liabilities.

How will be the share application money be accounted in the books of the transferee company.

Can the same be shown as "Share application money" in the books if not then what is the accounting treatment.

Dear All,

A Manufacturer imports some materials, and send the same to his sister concern and passon the basic excise duty and additional duty. passing of additional duty is wrong or right. please advice and give me the references if any.

HELLO, CAN ANY ONE TELL ME ABOUT DEFERED TAX LIABILITY/ASSETS. WHAT IS THE AMOUNT DETERMINE OF DIFERED TAX LIABILITY/ASSETS WHEN AMOUNT OF DEPRECIATION AS PER INCOME TAX ACT RS. 450 & DEPRECIATION AS PER COMPANY ACT RS. 550

THANKS IN ADVANCE

Respected Sir/Madam,

I m Tarak Nafade from baroda.I had completed my MBA from ICFAI NATIONAL COLLAGE. At now i m wroking as an Account Officer. Can u pls tell is there any good course related to finance which is conduct by ICAI or ICWA or Any institute from Mumbai. I do not want to join CA because it takes too much time for passing out. If is there any short term cources then pls tell me.

DEAR SIR/MADAM

AN EMPLOYER ENTER HIS EMPLOYEES DETAILS IN ANNEXURE-I IN FORM NO 24Q COLOUM NO (318) TAXABLE AMOUNT ON WHICH TAX DEDUCTED IN THIS FIELD EMPLOYER ENTERED
1. GROSS SALARY I.E. INCLUSIVE OF ALL EMPLOYER DEDUCTIONS LIKE P.T,L.I.C,P.F.ETC.OR
2. NET SALARY I.E. EXCLUSIVE OF ALL EMPLOYER DEDUCTIONS LIKE H.R.A,P.T,L.I.C,P.F.ETC.

IN Q4 ANNEXURE-II (SALARY DETAILS) WE ARE ENTERED GROSS SALARY BUT Q1,Q2,Q3 AND Q4 IN ANNEXURE-I (DEDUCTEE WISE BREAK UP OF TDS) GROSS OR NET SALARY ENTERED PLEASE TELL

THANKS IN ADVANCE

HI Friends,

Please clerify me meaning of gift under fbt.

If com distribute some item (quantity purchased from market)to its employee on the occassion of festival celebration.
what is this
1) Gift (5%)
2) festival celebration(20%)

Thanks
Suraj

Transaction/expenses related to
01.02.2009 to 26.02.2009

Whereas Bill date : 28.04.09

Bill Value : 50,000/-

Nature : Contract for Dewatering Works
(Maintenance)


Whether the above expenses can trated as previous year expenses/it is accounted
in current year ????

Please, answer with reason.

whether foreien exchage adjusted (on f.c. out standing of long term loan for purchase of fixed assets )to the cost of fixed assets be allowed under I.T.Act?

DEAR ALL,

I HAVE TO FILL RETURN FOR AY 2008-09 REFUND CASE.

SO UTN NO IS REQUIRED TO FILL RETURN AY 08-09.

PLEASE NOTE AY 08-09

PLEASE PROVIDE AS EARLY AS POSSIBLE

THANKS IN ADVANCE

REGARDS

ANIKET SALVI

In Excise, an assessee is required to maintain few statutory registers like Daily Stock A/c, RG 23A etc. Does Service Tax also requires an assessee to maintain any such records?