Pls help on the below doubt:


As on 31st march Company has spend an huge amount to obtain an contract but there is possibility in getting the contract is 50-50 so as on 31st march where should we book the expenses -- either as expense or asset.
If so which accounting standard we should follow?

Thanks

What is the FBT rate apllicable on ESOP? Would also like to know the surcharge or any other tax applicable on it

Can a C.A. firm prepare/help in prepration of Financial Statements of a company as a Management Consultant?

The definition of the expression “Management Consultancy and other Services” by ICAI includes "Preparing cash budget, cash flow statements, profitability statements, statements of sources and application of funds etc".

Can anyone provide me chart of parties covered u/s 40A(2)(b) of IT Act

Section 80-C permits the deduction for the payment of the amount (including the repayment of the principal component in the Housing loan from the specified persons) towards the purchase/construction of the House property.
The query is whether this deduction for the repayment towards the principal amount is available even if the possession of the property is not obtained during the Previous year?
Unlike for the deduction of the interest on the housing loan u/s 24 of the Income Tax Act which allows deduction in two parts (pre-construction and post construction) means the date of possession is relevant.

Thanks.

Hemendra

please let me know if the service tax is applicable for a laundry services other than dry cleaning?

Dear sir, i want to know that - if a company gets 3 months extention for holding its AGM, does it mean extention to file its anual accounts also? or it has to file a/c in time limit. KINDLY GUIDE ME IN DETAIL. thanking you.

If suppose after becoming CA i dont want to practise and i want to go for employment. Then insted of doing CA i would have done CFA for better opportunities as CFA is prefered than CA.

So please advise me what to do...

We have prepared Excise Invoice as per one of Our Customer and later on he has cancelled the Order & we have not delivered material as on today
How to cancell the already prepared Excise invoice date 19.04.08 & filled april month return.
Please help?

For calculating FBT,Use of telephone (including mobile phone) other than expenditure on leased telephone lines comes under tax net

Does it mean that wired telephone connections taken from for e.g.BSNL,Tata Indicom do not come under the tax net ..i.e. Telephone exp. incurred on these connections

Plz elaborate