My question is only for expert that i have problem in solving a question in cost accountancy (ie in marginal costing chapter)
Can any expert can give me his/her name who can solve my problem(so that i can directly ask from expert).Because i have given my question in forum but not getting any response.So i request you to come at this platform to help me.

If Public co. had paid Income tax in MAT of Rs.24 Lakh (FY 12-13), whereas neither made provision for tax in FY 12-13 nor any shown any entry relating to MAT or payment of tax.

Assume that tax as per Income tax is zero because of losses in FY 12-13.

Kindly suggest us what are the entries to be pass in book in FY 13-14 relating to above.

If assessee is an individual and engaged in the business of financing purchase of goods on Hire Purchase, will Service Tax provisions apply on interest received in this?

Please reply.

HI,
OUR COMPANY FOLLOWS THE RATES OF DEPRECIATION AS PER INCOME TAX ACT,FOR PREPARATION OF ITS FINAL ACCOUNTS. MY QUERY IS WHETHER WE CAN USE THE RATES AS PER INCOME TAX ACT IRRESPECTIVE OF WHETHER THEY ARE MORE THAN THE MINIMUM RATES GIVEN IN COMPANIES ACT OR NOT. IS IT SUFFICIENT IF THE TOTAL DEPRECIATION CALCULATED AS PER INCOME TAX RATES IS MORE THAN THE ONE AS PER COMPANIES ACT OR IS IT THAT WE HAVE TO CONSIDER EACH ASSET CLASS INDIVIDUALLY.THANKING ALL YOU READERS IN ADVANCE.

Can any individual do the business of forex trading by taking money from people and investing in Foreign exchange and in return give them interest on such money?

Or there are some restrictions?

Please reply

please tell me the accounting entries for the goods valued as nil.
and their accounting adjustments..

what is the meaning of Amortization of Expenses, can anyone explain it with example.?

What will be the depreciation rate on a truck used for transportation of goods purchased on 01.01.2013 for A.Y. 2013-14?

Please reply

HI,

can anybody let me know, what entry should be passed for discarding of assets with details????

IS THE TOPICS ARE EXCLUDED FOR NOV 2013 ATTEMPT ?
ICAI HAS MENTIONED THAT " INTO FORCE WITH IMMEDIATE EFFECT "
BUT EVERY WHERE ITS MENTIONED THAT NOT FOR NOV. 2013
AND WHAT IS IN THIS CHAPTER REMAINS IN SYLLABUS ?