Hello
Could you please suggest what will be the accounting treatment of one time upfront charges paid to government for purchase of industrial land on lease , Annual lease component is separately shown in the compensation charged by the government...?

We are running a school, paid fee to Govt for school recognition fee, under which head we update in tally direct exp or Indirect exp . Whether we consider it as rates and taxes under indirect exp.
Pls helpus

Should i show and depreciate Windows operating system purchased with office computer with tangible fixed asset block along with computer value, or do i need to show it separately as intangible asset? My confusion is because income tax act group "computer including computer software" under tangible asset but as per AS10 and AS26 they should be shown separately.

I run a digital marketing agency, and it is registered under LLP. I work with one freelancer and make her monthly payments. I have not deducted any TDS while making her payment so far. Should I start deducting TDS? And for past transactions, is it possible to file TDS? Please note that I have not held any TDS from past payments, and the transaction value exceeds INR 25K . Thanks.

under which head can put Office plants and pots and wall photos worth AED 2000/-

Can put under expense Office plants and wall photos?

In case of cash discount given to a buyer, the seller will record Discount Allowed as an expense in Profit and loss account. Which document will be issued to the buyer showing the amount of discount allowed to him?

Dear Sir/Madam
Please guide me on below issues :-

1. What is the Accounting Treatment of Gain/Loss on Defined Benefit Plans (Actuarial Valuation). Please provide accounting entries with nature of Account i.e. Balance Sheet item or P&L item

2. What is the treatment of OCI in calculation of MAT or Deferred Tax Assets / Deferred Tax Liability

As per AS7 of ICAI: When an uncertainty arises about the collectability of an amount already included in contract revenue, and already recognised in the statement of profit and loss, the uncollectable amount or the amount in respect of which recovery has ceased to be probable is recognised as an expense rather than as an adjustment of the amount of contract revenue.

Now my questions are:
1. how should i classify(group) this expense? does it fall under direct or indirect expense. please note that the uncollectability arises due to final measurement and not a bad debt situation.
2. Incase the revenue is recognised during mid year reconstiution of firm should i follow the above guidelines if the adjustment is to be done in the same accounting year?
Example: the construction contract was taken up during april 2023. Reconstitution of firm happens on Dec,2023 and at that time the initial contract amount was recognised as revenue, now the work finished on Jan., 2024 itself and during final measurement slight variation in amount is noticed and that necessitate an adjustment of recognised revenue. Now given that this whole thing is happening in the same accounting year and year end profit and loss is not prepared yet, but mid year p&l due to reconstitution was prepared, shouldi i follow the Accounting guideline qouted above and recognise the uncollectable amount as expense or adjustment of revenue is permitted? if expense need to be recognised, will it be a direct expense or indirect?

A Startup company issued 1000 ESOP @ 10 per share (face value) to its employees. The company went into acquisition and the acquirer bought all the ESOP at market price say 100 per share. The Acquiring company booked it as "Investment in the Startup" with the price paid i.e. 1000 x 100 = 1,00,000, however, in Startup's books the amount is standing as 100 x 10 = 10,000.
Now when the company is trying to consolidate the books there is a difference of 90000.

How should the Startup incorporate the transaction between the Acquiring company and Shareholders (employees holding ESOP) to match the investment amount as standing in Acquiring company's books of account.\?

Sir,
We conducted one study of Engineering Services and our study paper was published in one of e-Journal. We paid for publication charges. What will be the Account Head for Publication charges?
Thanks