Accounts QnA - Page No 39

A company has made a capital expenditure. For this they had to bear withholding taxes and also pay service tax under reverse charge. Since the original capital exp is recognised as asset would the withholding taxes and service tax paid be added as to cost for acquisition of asset and capitalised?

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akshay soni

29 December 2016 at 12:51

Value of gold

hello expert if I have received gold on my own marriage from my father mother etc. what will be value of such gold? either current market value or cost to previous owner?

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dikshant

28 December 2016 at 17:46

Tds deduction

Hi. my client is real eatate businessmen. and he organize a seminar and programme also. my question is that tds attract on food expenses. whole year payment is 4 lakh?. of one person tds on contract is applicable or not

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Guest

28 December 2016 at 15:33

IND AS

Sir, There is a little bit of confusion regarding applicability of IND AS and AS GAAP on entities. does IND AS replace AS so far as Companies are concerned in Financial reporting.? Please answer as I am new to the topic IND AS. THANKS.

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KUVADIYA PIYUSH

26 December 2016 at 10:03

Accounting standards and entities in india.

hello sir, my query is that which accounting standards indian entities are required to follow? either IFRS or ind AS.

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Ajay S.Yadav

23 December 2016 at 11:23

Accounting entry

Dear Experts,

Date of Incorporation of the Company is 25/02/2016, date of opening bank account is 04/04/2016. Director have deposited the money on account of share capital on 05/042016. I want to know 1) Whether I have to record share capital when i am preparing the balance sheet of f.y. 2015-16, under the head issued, subscribed and paid up capital ?
2) If i have to record then what will be the journal entry as money is given by directors on 05/04/2016 i.e in next financial years. Kindly resolve this query as soon as possible.

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