Dear friends,
As per AS -26, intangible assets Preliminary expenses are to be claimed in the first year only.
& as per Income Tax to be claimed in 5 equal installments in 5 years.

Then why we some time time see the Preliminary exp. in the debit side of Balance sheet, if we are claiming in one year only as per AS -26.

Fact of the case

Lease Priod 30 Years
T&C Renewual of lease at expiration for furter five year at the descrition of lessor.

Q: Please clerify me whether the capitalization of lease Premium paid at initial stage will amortize during 30 year?

and

what accounting treatment will be done for

-Annual Lease rent
-Annual Maintenance Charges

Whether ICAI has issued any clerification or guidance for accounting of leasehold land?

Dear friends,
we are paying Rent to Cold storage. under which Section we have to deduct TDS?
194C, 194J or 194I?

Dear Sir,
How much minimum period of articalship required to attempt CA Inter Exam?

help me please, we have uploaded a From 1A for the incoporation by mistake we have wrongly mentioned the name of the company and the same has been approved by the ROC what is the process to correct the mistake?

Please clarify the following relating to submission by a "Junior Citizen", that is, a person who has not completed 65 years of age of Form-G to prevent TDS by Bank from Interest chargeable u/s 194-A

Whether "Total Income" is BEFORE or AFTER considering Deductions u/s 80-C etc

dear Sir,

is it every company is liable to Tax Audit ?

Even the Company is under progress of Capital Asset Formation to Construct a building for operations.

There is no turnover for the company

dear Sir,

is it every company is liable to Tax Audit ?

Even the Company is under progress of Capital Asset Formation to Construct a building for operations.

There is no turnover for the company

Hi

Can anyone have any idea whteher the security deposit or advance received from customer can be adjusted from his outstanding for calculation of ageing.Please qute the relevant extracts of US GAAPS if any available on this subject.

best regards

kartik

Does E mail charges attracts FBT?