This Query has 2 replies
What treatment of Duty & Taxes in account book of company
This Query has 3 replies
hello friends, i have a problem in finding out whether the consideration is in net payment method or net asset method because in net payment method you cannot take assets and liabilities. I am in great confusion please help me
This Query has 3 replies
A Financial Institution has waived of the Loan amount of Rs. 60 Lacs along with the Interest of Rs. 20 Lacs of One Loss making Company.
The Interest Amount Waived is Credited to P&L A/c and taxable as Income U/s 41 of IT Act and Also liable to be taxed under MAT.
I would like to know about the Accounting and Tax Treatment of Principal Amount Waived Off.
This Query has 2 replies
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?
This Query has 1 replies
Hello Mr.Gul,
Thank you for the information. Could u please furnish the with effect from date for the ESI ceiling Rs.10000/- ?
This Query has 2 replies
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)
This Query has 3 replies
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?
This Query has 1 replies
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?
This Query has 4 replies
Please tell me,
What are IOU's??
This Query has 1 replies
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
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
Duty & Taxes