IS THERE IS TIME LIMIT IN WHICH A REAL ESTATE COMPANY SHOULD TRANSFER THERE BOOKING AMOUNT IN SALE ACCOUNT

Example:
Suppose i had booked an export invoice for $100 and get the remittance in $ only.In the year i get a remittance of $92 (Short is received due to deduction of bank charges by the foreign remitter bank) against the above export invoice. Now if i want to take the foriegn exchange fluctuation than what is the base price? Whether i have to take foreign exchange fluctuation on $100 or only on amount i had received ie $92.

Please excplain with the reason.

Hi,

I have the following query:
GOI vide notification ref: http://www.cbec.gov.in/customs/cs-act/notifications/notfns-2k7/cs102-2k7.htm

has announced refund of Additional duty of customs, on meeting certain conditions. Now, i am an importer-trader. I import goods which are liable for Addl duty of customs @ 4%. Should i add this as part of my inventory cost? Or should i treat it as a receivable?
(Please refer the above link for the full text of the notification)
My Doubt i cannot treat this as a receivable, as there is no certainty. I am eligible to file for a refund only on satisfying the given conditions.

Please guide.

Thanks / Vijay

For the year the company will disclose the book loss , As well as in view of the taxable income being nil no provsion for tax will also be made in the books. In this situation ---

Do we need to make provison for deferred tax in the books for the year ?

In replacement of old water treatment plant, installation of new plant is going on, in this process, some expenses (150000) was incurred on dismantling of old plant.

My question is that whether dismantling charges will be charged -

To profit& Loss Account as expenses
or reduce the disposal value of old plant and accordingly profit and loss will be calcualated on sale of disposal of old plant.
or debited into the cost of new plant and accordingly shown in the fixed asset

if we have charged depreciation around 93% till date. can we write of only 2% in next year to fullfill 95% condition if we r following SLM method

can anybody tale me what is core accounting? in detail.

can anybody tale me what is core accounting? in detail.

Hello Sir

One of my client taken a loan from ICICI bank Rs 500000/- but they received only Rs.488000 and odd figures. As I inquired about the difference with my client, he said
its a loan processing fee....

tell me whether it is right or wrong... If so, how should i pass entry for the same...

Its urgent please reply asap

Thanks in advance!!!

Respected sir,
i am having a query regarding the sale to franchaisee, the details are as follows.
Rs.
1. sale 100000
less: vat @ 4% / 104 4000
Net sales 96000

7% comm on net sale 6720
service tax on comm 831
reimbursement 80000
octroi 2000
total deduction 89551

net recievable 6449
(i.e. net sales -
total deductions)

further clarifing that the above amount we are recieving per month from franchaisee.
with the above information i want to know that
1. is it service tax is chargable on 7% commission & if it is yes than under what service head.
2. is i have to deduct tds on Rs. 80000/- monthly reimbursement.