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Infrastructure Accountancy

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(Querist)
12 May 2010 hi Please Clarify any one for the Below doubt

how to Treat the R A Bills in Infrastructure Industry ? is the RA Bill is Sale Income OR Not if not how can we Treat?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
12 May 2010 In infrastructure Industris RA bills nothing but Sales Invoice. based on that you need to book the sales
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simhadri

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simhadri (Querist)
13 May 2010 Thank Q for u r Valuable information one more Little Thing i.e how con we treat royalty?
sir if u have a availability please Reply
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
13 May 2010 Two type of roylaty will be there one is dedcuting by the the client in your bills and you are deducting from your Subcontractors which one you are asking?
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simhadri

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simhadri (Querist)
14 May 2010 again ThankQ for u r Reply sir

I am Asking the company Deducting Royalty form Subcontractors Portion
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simhadri

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simhadri (Querist)
14 May 2010 and one more thing is is the TCS applicable for Infrastructure Industry ? if Applicable how?
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