Accounts queries [Resolved] [2612]

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Ajay

This Query has 2 replies

18 September 2007 at 19:36

Duty & Taxes

What treatment of Duty & Taxes in account book of company

praveen

This Query has 3 replies

18 September 2007 at 09:36

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

Vijit

This Query has 3 replies

17 September 2007 at 13:44

Loan Waiver

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.

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