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moneycontrol.com भारत | लेखांकन नीति > Computers - Software Medium & Small > लेखांकन नीति फॉलोड से इंफॉर्मेशन टेक्नोलॉजी - बीएसई: 523758, NSE: ITIL

इंफॉर्मेशन टेक्नोलॉजी

बीएसई: 523758  |  NSE: ITIL  |  ISIN: INE569A01024  |  Computers - Software Medium & Small

खोजें इंफॉर्मेशन टेक्नोलॉजी कनेक्शन
लेखांकन नीति साल : अगस्त '01
 1. The Financial statements are prepared under the historical cost
 convention, in accordance with Indian Generally Accepted Accounting
 Principles (GAAP), the accounting standards issued by the Institute
 of Chartered Accountants of India and the provisions of the Companies
 Act 1956 as adopted consistently by the company. All Income and
 Expenditure having a material bearing on the financial statements are
 recognised on accrual basis.
 
 2. FIXED ASSETS are stated at cost of acquisition and any subsequent
 improvements thereto less depreciation and at revalued amount, if any.
 The cost includes taxes, duties, freight and other incidental expenses
 relating to acquisition and installation of fixed assets. Overheads and
 interest on borrowings to finance fixed assets during construction
 period are capitalized.
 
 3. DEPRECIATION is provided on Straight Line Method, as per the rates
 prescribed in Schedule XIV to the Companies Act, 1956 or at rates
 arrived at on the basis of balance useful life based on technical
 evaluation/revaluation of the related assets, whichever is higher.
 Depreciation on revalued amount of fixed assets is charged to the
 revaluation reserve account.
 
 4. CAPITAL WORK-IN-PROGRESS is stated at cost i.e. material, and
 interest on borrowings to finance the project and also includes
 advances to suppliers.
 
 5. INVESTMENTS
 
 Long term investments are carried at cost less provision for permanent
 diminution in value of such investments, if any.
 
 6. FOREIGN CURRENCY TRANSACTIONS to the extent not covered by forward
 contracts are recorded at exchange rate prevailing on the date of
 transaction. The transactions remaining unsettled at the end of the
 year are translated at the exchange rate prevailing on the closing date
 and gains/losses arising out of fluctuations in the exchange rate are
 recognized as profit/loss in the period in which they arise.
 
 7. RETIREMENT BENEFITS
 
 Contribution to provident fund is accounted on actual liability basis.
 Gratuity liability and leave encashment are provided on the basis of
 actuarial valuation.
 
 8. TAXATION
 
 Income tax liability is provided on the basis of accounts made for the
 financial year ended on 31 st March each year as per Income Tax Act,
 1961 and on the basis of Tax Audit Report. The demands which are
 contested, are provided when finally determined.
 
 9. REVENUE
 
 a) Sales are accounted for on the basis of the material dispatched and
 invoices raised by the company to its customers
 
 b) Sales from software are accounted for on the basis of products
 accepted and delivered to the customers and invoices raised by the
 Company.
 
 c) Dividend and other income are taken on the basis of certainty of its
 receipt and on accrual basis.
 
 10. CONTINGENCIES AND EVENTS OCCURING AFTER THE BALANCE SHEET DATE
 having material impact on the financial position of the company are
 disclosed.
 
 11. DEFERRED EMPLOYEE STOCK EXPENSES: As per SEBI Guidelines, Deferred
 Employee Stock Expenses has been amortized over the vesting period of
 three years from the date of granting of Option.
 
 12. MISCELLANEOUS EXPENDITURE
 
 Miscellaneous expenditure (including Deferred Revenue Expenses) and
 Preliminary expenses, are amortized over a period of ten years from the
 year of its incurrence.
 
 
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `653 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `410 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `665 Cr की बिकवाली
  • MARKET CUES : इंडेक्स ऑप्शंस में `1002 की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `273 Cr की बिकवाली
  • IN F&O BAN : F&O बैन में Yes Bank शामिल
  • TYRE STOCKS IN FOCUS : रेडियल टायर पर एंटी डंपिंग ड्यूटी संभव
  • MMTC / NMDC / BHEL : NINL में 100% हिस्सेदारी बेचेगी सरकार
  • ALLCARGO : `75/Sh के भाव पर Gati को खरीदा
  • COAL MINISTRY ON JSPL : Gare Palma ब्लॉक की बोली पर विचार जारी

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