Accounts QnA - Page No 52

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Anonymous

13 October 2013 at 13:25

Depreciation as per income tax rates

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.

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Sushant Mahajan

10 October 2013 at 16:18

Can an individual do forex trading business?

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

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Anonymous

05 October 2013 at 21:44

Accouting entries for the goods value calculated as nil

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

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Anonymous

23 September 2013 at 17:19

Amortisation

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

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Sushant Mahajan

23 September 2013 at 17:00

Depreciation rate on commercial truck for transportation

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

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Anonymous

19 September 2013 at 10:30

Disposal of fixed asset

HI,

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

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CA Piyush

05 September 2013 at 10:50

Ipcc exclusion of topics for which attempt ?

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 ?

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Anonymous

04 September 2013 at 15:04

Loan from employeee??

can a pvt limited company accept a loan from its employee?
and upto what amounnt??
what are its provisions

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CA sandesh Dabhade

03 September 2013 at 16:44

Dta or dtl

Loss as per P & L is 36000
loss as per TAX laws is 19000

What will be impact?
DTA or DTL?

How much?

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Anonymous

03 September 2013 at 08:01

C forms , e 1/e2 forms issues , accounting issues

In case of a company , billing address is Delhi and shipping address is Faridabad.
How to account for it ? What about the C Forms ? How we can take the benefit of E 1 AND E2 ? Where to pass accounting entries and stock entries so that there should not be any problem.Please guide.

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