I want to know the answer for the following question

Suppose 1 machinery amounting to rs. 100000 has been purchased on 01.01.2002 and the W.D.V of the machinery on 31.03.2008 is Rs. 40000 and now this machinery is being sold for Rs. 150000.

Someone says that Rs. 50000 is a capital profit and Rs. 60000 is revenue profit whereas sopmeone contends that Rs. 110000 is a revenue profit . the clarification given by them is that nothing has beemn specified in As-10 that there is capital profit above the historical cost . however one of the expert said that it has also been held by the institute in the journal of june 2000.(copy of journal is not available to me so i am not able to verify the same)

I just want to confirm if the expenditure is done on the advertisement of political party will it be covered under the preview of head advertisement for the purpose of fringe Benefit Tax.

can assessee can set off his advance tax or tds asset against fbt liability ?
if yes then under what section
please replay urgent

hello,

can any one tell me what is the difference between limited co. & pvt. ltd company.

A job advertisment for the post of CFO says he should manage DSO( Days Payables Outstanding ).

My question is:

What does managing DSO involve? Is it any different from looking after the payables of the company?

Thanks.

Please let me know:



When Letter of credit is opened in favour of Seller by the company



1) what accounting entry needs to be passed?



2)What disclosures are to be made in notes to accounts?


Please answer questionwise.Thanks.

Please let me know:

When Bank Guarantee is given on companies' behalf

1) what accounting entry needs to be passed?

2)What disclosures are to be made in notes to accounts?

Please answer questionwise.Thanks.

Dear Sir,
Please tell me what are the parts of training during the first year of training as i am residing in a small district and i want to conform that what i am learning here from my principal and what should be my task.
please help me.

Thank you Sir

Chandraksh
(PCC Student)

hii frnzz,
i hv a doubt regarding userid and psswd.
my client had filed the return last yr
(FY 2006-07) VIA ELECTRONIC FILING.
Nw wen i login to upload this yr's return(ITR 1) i get an error message saying invalid userid and psswrd..
wen i try to create new userid and psswrd a message saying "entry exists" flashes on the screen...wats d solution?????

i will be very happy if i get a solution as soon as possible..

SIR CAN YPU SUGGEST ME HOW TO CONTINUE ARTICLESHIP AND GRADUATION AFTER RULE OF ICAI