A&B is a partnership firm
net profit after remuneration is Rs.18,62,230/-
remuneration to partner(A) is Rs.2,40,000/-
1. how will i calculate income tax ?
2. is tds applicable on remuneration of Rs.2,40,000
I purchase a machinery for my plant purpose. I take the machinery under the head of fixed asset. input vat is 12.5% charged on the machinery in invoice. shall i claim input tax on the said machinery.is it capital expenditure or revenue expenditure.
Treatment of redemption premium of convertible bonds (and the related legislation/AS/Guidance note/etc thereon)
Treatment of conversion premium of convertible bonds(and the related legislation/AS/Guidance note/etc thereon)
I want to know the accounting treatment for the below mentioned situation of a leasehold land.
Lease Period : 99 Years
Plot Deposit : 5.5 Lac (Refundable)
Development Charges : 14.5 Lac (Non Refundable)
Water Plant Cost : 3 Lacs ( Non Refundable)
How much should i capitalize? How much to be shown as deposit?
Give your suggestions
accounting treatment in books of Subsidiary company for shares received by the employees from its holding company.
1. Is there any disallowance of expenses if provision is not made ?
2. Is it complusory to create provision ?
3. Can provision be created for purchases ?
4. why prior period expenses are disallowed ?
5. what if I paid the expense of march in april ?
Suppose, I would like to apply for a loan for the purchase of land Rs.5 Lakhs from a bank.
About 40% of the total land price will be spent from my side as per the sale deed and balance 60 % will be the bank loan.
The security for the loan will be the land itself ( ie, the land to be purchased). I can submit the sale deed to the bank as mortage.
But I can not submit any proof of income to the bank for the payment of EMI.
The bank will provide the loan or not ?
which bank providing / not providing the above facility.
S.K.
1.I would kike to know more about the statutory & genaral reserves of companies ( different forms )in India
2. U.A.E.
3.companies operating in India with branches in U.A.E.
S.K.
How we treat creditors ''unclaimed credits'' in each fiscal year in P & L.
S.K.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
working remuneration