please can any one clarify .....why can't we create deferred tax asset on MAT credit, as MAT credit is an asset which gives future economic benefits by way of tax savings..
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for example I have purchased a material for rupees 80000 on credit on dates 15-11-16 now I paid on ACCOUNT payment to him on 20-11-16 of Rs. 17000 23-11-16 of Rs. 19000 25-11-16 of Rs. 20000 1-12-16 of Rs. 20000 4-12-16 of Rs.4000 should Department allow this expense or not Thanking you
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Hi expert,
In which format is a private limited company supposed to prepare its
financial statements for the FY 2015-16?
thanks
one of our employees who is given salary for this Month Rs. 14500 vide cheque.His actual salary is 13000/m.he has given the company Rs. 1500 back now.how to adjust this cash kindly help.
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I am giving small amount monthly to my receptionist for meeting daily expenses. she is passing two entries.kindly confirm is she right or wrong. At the time of Payment of expenses Expense A/c Dr. To Petty Cash Cr. 2) at the time she receives from me periodically to meet these expenses. Petty Cash Dr. To Cash Cr. kindly confirm.
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Can individual and partnership balance sheet can be made as per revised schedule VI?
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Sir/Mam,What should be the treatment of preliminary exp. , provision for doubtful debt and other such items in balance sheet . Either we should adjust them or show in balance sheets?
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Dear All, My query is on Profession Tax. if one employee is working in a company in full Financial year and drawing salary of Rs.15000/- per month. Due to felt sick so he was a absent for 10 days in months. For that month suppose, he got less salary less than 10000/- but more than 7500/- in 2 months. Can we deduct Prof. Tax 175/- instead of 200 in two months or pay 200/- Thanks in Advance
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hello friend, I already have many terms exam but not clear .ca final now I give .ca final in May 2017 term So please help me kaun sa book follow kre.
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LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
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accounting with tally