Since it is not necessary to claim Depriciation, but as per IT Act, in the next year depriciation will be available only on reduced amount, so my QUESTION is " HOW TO SHOW THE ASSET IN BALANCE SHEET ON REDUCED AMOUNT SINCE I HAVE'NT CLAIM DEP^????

Hi Sir,
We r 100% EOU engineering manufacturers of radiators & parts thereof. so my question is what r the standard norms for scraps in 100% EOU.( Is it calculated in percentage or difference of raw-material & finished goods if it is calculated in percentage then what is percentage....? bcoz for production of radiators we used Brass,Copper,solder,GI all these raw material...and it is very difficult to calculate scraps of all items...?

A Partnership firm during P.Y. 2011-12 not liable for tax audit U/s. 44AB but during the P.Y. 2012-13 firm is covered under Tax audit my question is that whether the Firm is liable to deduct tax at source on expenditure which are subject to TDS liability reply fast its urgent

Hi experts, i completed 4 months of articleship til now i didnt get any work exposure, as we had only vat returns, IT returns, some accounts work like this.. we dont have any audits.. Im Thinking to Transfer it is going 2 b a right decision? as i mentioned above with this little work exposure can i settle in a industry?

Hi experts, i completed four months of articleship, we dont have any audits how would have an impact on my career?

Dear Fellow Members,
Please advise me in following scenario- XYZ is a public listed company. Local government has taken 10% of its land due to the local government's road extension project without giving any compensation.

The company follows cost model for its fixed assets. And now the question is simply passing an entry of derecognising the proportionate amount of land assuming a disposal of assets while charging profit is must or there are any other way out is here?

Please note standards for impairment is not applicable here due to carrying amount is much lower than the fair market value.

Laba Khatri
Member

MY CLIENT IS A NEWLY REGISTERED TRUST IN UTTARANCHAL. CAN THEY GRANT MEMBERSHIP TO PEOPLE BY CHARGING ANNUAL MEMBERSHIP FEES ?

As a concurrent auditor of the branch,how do i check the clearing process?

Dear sir, my father is kite -business.i have to know that how do registered in handicraft business in india or small -scale(cotton) business

What is the status of unregistered association ?If AOP is not registered then it is assessed at which status ?