Accounts queries [Resolved] [2591]

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Balaji Chettiar

This Query has 2 replies

17 September 2007 at 12:42

accounting for lease agreement to use land.

if an autonomous body acquires land on lease for a nominal value of re.1, then is it necessary to make a valuation of the land so that it could be reflected in the books?

S.RAVICHANDRAN

This Query has 1 replies

15 September 2007 at 11:33

ESI ceiling limit Rs.10000/- with effect from date ?

Hello Mr.Gul,

Thank you for the information. Could u please furnish the with effect from date for the ESI ceiling Rs.10000/- ?

S.RAVICHANDRAN

This Query has 2 replies

14 September 2007 at 16:56

Provident Fund and ESI deduction ceiling limit

Now what is the ceiling for not deducting Provident Fund and ESI for an employee.( To the best of knowledge it had been Rs.7500)

Dhaval Sata

This Query has 3 replies

13 September 2007 at 14:01

Revenue Stamps...

Please tell me,

When revenue stamps are required to be attached on the Payment vouchers??

Is it also required for a re-imbursement exceeding Rs.5000 in Cash backed with more than one supportings?

Dhaval Sata

This Query has 1 replies

13 September 2007 at 12:58

Revenue Stamps

Please tell me,

When revenue stamps are required to be attached on the Payment vouchers??

Is it also required for a re-imbursement exceeding Rs.5000 in Cash backed with more than one supportings?

Dhaval Sata

This Query has 4 replies

13 September 2007 at 12:56

What are IOU's?

Please tell me,

What are IOU's??

Ravi Kumar.S

This Query has 1 replies

13 September 2007 at 12:35

Foregin Exchange Loss on Capital Investments

There are Two Companies Say X and Y

X is reporting enterprise (India)
Y is foregin subsidary (China )

Quary: While making the investment in foreign subsidary at different dates there was difference in exchange rates which tantamounts to foreign exchage loss
Q1. will it be treated as foregin exchange loss and debited to P & L A/c
Or
Shown as Capital reserve with negitive figures (i.e., Loss)

Q2. Is it correct way of disclosure

S.RAVICHANDRAN

This Query has 1 replies

12 September 2007 at 16:55

Depreciation for TUF scheme assets

Thank you Mr.Rao for your clarification. shall I take that the assets purchased after 31.03.2004 are not eligible for the higher rate of depreciation ( 50 % )applicable for TUF scheme purchase ?

Manoj

This Query has 3 replies

11 September 2007 at 19:24

TDS liability on party arrangements at CLUB

If we place an order to any club to arrange a party at their lawn with food, snacks, liquor, etc. and we fix the rate per person.

In the above condition, club is charging LST on their bill with some service tax also.

should we deduct TDS under Contractors payment, as we have placed an order to club to arrange the party on fixed charges ?

praveen

This Query has 3 replies

11 September 2007 at 09:41

company accounts and costing

Hai, friends iam a cs student. please help me how to tackle the subject company accounts and costing. And tell me how many hrs should be spent on revision?