What is the treatment of preoperative expenses for accounting as well as income tax purposes?

What is average rate under AS 11? In case of huge fluctuations in exchange rates during a particular month or months can we adopt daily rates for average rate ? Can a company adopt daily rates for non-voluminous transactions and average rate for voluminous transactions during a period where there was huge fluctuation in exchange rates (it was not realised while booking the entry, it was realised while closing the books)?

What is average rate under AS 11? In case of huge fluctuations in exchange rate during a month can we adopt daily rates ?
Whether it is correct to adopt daily rates for transactions which are not voluminous and adopt custom rate to transactions which are voluminous (in case of huge fluctuation during that particular month) as per AS 11 ? If yes how to disclose in notes on accounts?

Dear All ,
My Company Is Advertsing Company , which is advertising for verious Newspaper .
We Are Charging Service Tax On Bill Amount which is DAVP (Display And Visual Play). But East Central Railways is not paying the service tax Amount.I want To know is railways is liable to pay the service tax or not. if there is any notification or case law , please give me detail

I want to knnow that is it necessary to register the asset ( premises) in the name of the assess to claim depreciation as per I.T. Act. As per companies act substance over form concepts whether applicable or not. Actually To tax LTCG on sale of officepremises I want to increase the value of block by purchasing but the registration work will not b completed within such time

Please Advice

What Is Provision ?
In Which Condition we Should Create the provision

Can any one avail Deduction of Interest on Personal Loan taken from ICICI Bank or any other in Inocme Tax.

Whether Tax has to be deducted on Payment made for imports to Clearing and forwarding Agents?

I think it has to be deducted on consultancy charges.But should it be deducted on Clearing and Forwarding charges,Transport Charges?

WE ARE IN THE BUSINESS OF MANUFACTURING MODULAR FURNITURE AND MY QUESRY IS WHETHER WE CAN REMOVE THE COMPONENTS BY PAYING ED ON A DELIVERY CHALLAN AS WE NEED TO MAKE A SUMMARY INVOICE WHEN ENTIRE SUPPLY IS COMPLETED. THE MODULAR WORKSTATIONS ARE TRANSPORTED IN UNASSEMBLED FORM WHEREIN COMPONENTS ARE TRANSPORTED IN THE ORDER OF THEIR FITMENT.
NOW WE ARE INVOICING EVERY COMPONENT BEFORE WE TAKE IT OUT OF THE BSR AND AS SUCH WE ARE UNABLE TO ISSUE THE SUMMARY INVOICE AS REQUIRED BY THE CLIENT.

PLEASE CLARIFY WHETHER WE CAN REMOVE THE COMPONENTS FROM BSR ON DCS AND THEN WHEN THE DELIVERIES ARE OVER WE MAKE A SUMMARY TAX INVOICE AND SUBMIT TO THE CLIENT.

Sir, I have provided accomodation by employer and my spouse is also working with same employer. I am not getting HRA alloweance because accomodation registered on my name just i want know wether my spouse is applicable for HRA or not. Now she is getting benifit of HRA but auditor pointed out she should not get but no body having documentry proof to confirm of applicability of HRA. Please advice me in this matter.

Thanking you