Hello friends.
I want to know about the accounting treatment of Marketing & Branding expenses incurred prior to the commencement of the operation of an new assets.
For example whether we should capitalize or expanse off the marketing expense incurred prior to the commencement of the commercial operation of an Hotel or let say before the launch of an product?
I have two different opinion on that first being that as we can not strictly identify the marketing & branding cost with any particular assets, such as building, land & hence it should be expense off rather than distributed over other assets. Second marketing & branding expenses are necessary to create demand or visibility for the company or the product, hence it should be capitalize over other assets.
Please suggest what is the correct accounting treatment for the same in view of AS-26, AS-10 & Any judgment by courts.

an individual is an exporter of fancy items.it is registered under Delhi VAT/CST Act
it has following export sales transaction
A. bill no. 1 for $5000 dtd. 15/6/08 payment recd. Rs. 222313 on 8/9/08
B bill no. 2 for $ 3100 dtd. 2/7/08 payment recd. Rs. 143310 on 20/9/08
C. bill no. 3 for $ 4200 dtd. 20/7/08 payment recd. Rs 184300 on 1/10/08
D. bill no. 4 for $ 3950 dtd. 10/8/08 payment not recd. Till 3/10/08 the date of filing Sales tax return
what will be the correct export sales for Delhi VAT/CST Return. Kindly explain the basis of calculation also

A private society is providing following facilities to its members on collective basis
24 hour security guard
Sweeper for society premises
Lighting for society- lawns roads etc.
Free membership of gym. Maintained by the society
24 hour power back up by using diesel gensets

While first 4 services are collectively charged @ Rs. 2750 per month per member ,
for power back up members are charged @ Rs. 40per month for each electricity
point used by member regardless of diesel consumed by society.. What is the
service tax chargeable from each member. .Shall the calculation change if society charges rs. 3500 per month per member instead of rs. 2750. Please also refer relevant section/notification

I have actually facing problem that if asset have been revalued middle of the year then should I charge depreciation on revalued amount based on from the date of revaluation to the end of accounting period, or i will compute and charged depreciation on revalued amount for whole year?

Dear Experts,
Any form is to be filed with ROC if Pvt. Ltd.Company obtains any loan from financial institution or if any increase in existing loan
Thanks in advance

Can any one please guide me how to change the status of challan payment of Tds if some one has wrongly quote the payment related to A.y. 2009/2010 as 2008/2009? so as to eligible for credit in actual year ie., 2009/2010.

thansk

CAN FBT PAYABLE AMOUNT ADJUSTED AGAINST THE INCOMETAX REFUND

Is provisions of section 43B of Income Tax Act.1961 are applicable to service tax ?

I want some details regarding penalty of late return filling. My business trans in more than 40 Lacs & it was required tax audit report. tax audit was completed but return of IT was not filled. FY 2007-2008

sir

Please suggeset whether we should capitalise the interest on short payment of custom duty on import of machine.

Regards

Yogesh gupta