A company can give in cash more than RS. 20000 in cash if employee goes on traveling for official purpose. if company paid him to cash then affix revenue stamp of Re. 1 is mandatory on making Bill.

Dear Experts

Pls explain what will be the accounting treatment of subsidy received for establishing Manuf. Unit under PMEGP Scheme.

further we have received the subsidy but parked by bank in a separate account and will be released only after completion of 3 years satisfactory loan repayment and operation.

What will be the accounting treatment in this case?

Earliest reply will be highly appreciable with thanks and regards.

Is there any restriction to open account in co-operative bank by a private company in company act 2013

sir I have given ipcc in may 14, so I wanted to know the last date before I can register for may 17 final exams

my heart is in my mouth these days...don't know what will happen...I want to ask whether there is step marking in ca exams ?

we supplied a some material to customer but the rate charge for it is less. Our consultant told us that issue the supplymentiry excise invoice and charge remaining amount in that. my question is that whether we can issue debit note in this situation instead of supplymentory invoice and can show excise duty on it. Please clear my doubt.

partnership firm networth certificate format in excel

if a co. purchased capital goods on 23.05.2009 , say Rs. 500000 & ex.duty is 83000. for unit-1.
Now, Unit 1 is closed on december 2012 and they have transferred the same capital goods on 15.12.2013. in depreciated value with prevailing exduty rate.
My question is:
1) is it correct procedure? ?
2) if not, how can it be done? ??

Mr. X received following amount on his resination from Recognised provident fund. He has worked in the company for 3 years.

1. Employer contribution - 30000
2. Interest thereon - 2000
3. Own contribution - 30000
4. Interest thereon - 2000

what will be the taxable amount and exempt amount ?

Mr. X (45 years old ) received following amount from approved superannuation fund on resignation after rendering service of 20 years.

1. Employer contribution - 500000
2. Interest thereon - 100000
3. Own contribution - 500000
4. Interest thereon - 100000

what will be the taxable amount and exempt amount ?