which type of taxes on packaging

How to account for the purchase and sales / redemption of mutual funds units.

Further while calculating net profit, do we have account in FIFO basis or average method.

Dear sir,
Under what head of account one can book those Expenses made for the travel of workers or employees of a company, to purchase of spares, to service any machine, to pay some fees & taxes etc?

How to account If any external person comes for to give some services like, machinery erection, service or as consultant the traveling expenses, boarding & lodging expenses made for them by the company?

What are all the expenses come under the Traveling expenses A/C?

Dear All

Anybody have accounting entries process in respect of accounting of mutual fund.

plz forward it to me its urgent.

regards
Amit

Dear All,

One of my client (Gov. Company)received land as gift from a private company. the market value of the same were Rs.3 cr. the transaction taken place in the month of Oct'08.
still we are not accounted it. while finalising the accounts for the year 2009-10 the statutory auditors are says account the land with the market value. is it correct?
if correct what is the AS applicable?
and the where the credit will go?

IF it is not correct,

what is the correct treatment?
with AS reference

If we have capitalised some assets in F.Y.2008-09 which are purchased duty free.

Now in F.Y.2009-10, debonding took place and we have to pay customs as well as excise duty on all Capital goods which we had purchased duty free.

What will be the accounting effect of such duty paid at the time of Debonding?
Whether it should be capitalised or to be treated as Revenue Expenditure?

Dear Expert
What are the conditions for claiming input tax credit for the purchases of Raw materials and capital goods?
The conditions are Resale and Production?
With regards,
Rajesh.

AUTHORISED CAPITAL=4,25,00,000
equity shares: 10,50,000 @ 10 each
preference shares: 3,20,000 @ 100 each

PAID UP CAPITAL=38,683,000
equity shares= 7,28,300 @ 10 each
convertible preference shares=3,14,000 @ 100 each

Now the company pans to convert the preference shares into equity shares at 10 + 90(premium) each. In this case what will be my new paid up equity capital? will it remain same or there will be a reduction of capital?

We have started an offshore project and have deputed some resources to work for the project. I would like to know more in detail about the cost-plus method and its applicability in accounts.

If my outgoing expenditure is say Rs.20 L p.a can i account a revenue of Rs.2 L per month. please explain the procedure

Earlier I was having proprietorship firm and converted to pvt.ltd. company taking my wife as a partner.

How can I take salary ?
Can i withdraw any amt as and when required ?

Please suggest.

Thanks in advance