Expert Advisory Committee

RECENT OPINIONS OF THE EXPERT ADVISORY COMMITTEE

Query No.	Subject
1	Treatment of engineering fee paid to a lumpsum turn key contractor.
2	Accounting treatment of expenditure incurred on licence fee (including user licences) for SAP software.
3	Accounting treatment of lease premium received on lease of industrial plots as industrial estates.
4	Accounting treatment in respect of side-tracking costs of wells.
5	Depreciation of Water Treatment Plant (WTP) and Effluent Treatment Plant (ETP).
6	Determination of net selling price of a cash generating unit incurring losses.
7	Treatment of deferred tax asset in respect of provision for doubtful advances and doubtful claims.
8	Rates of depreciation on various assets involved in mass rapid transport system.
9	Segment reporting for sale of power to the State grid
10	Disclosure of partly secured Bonds.
11	Applicability of AS 3 and AS 18.
12	Accounting for Minimum Alternative Tax (MAT) under section 115JB and credit available in respect thereof.
13	Recognition of revenue in respect of long production cycle items.
14	Creation of provision for contingencies.
15	Creation of deferred tax liability on special reserve created u/s 36(1)(viii) of the Income-tax Act, 1961.
16	Segment Reporting by a Finance Company
17	Booking of export sales/purchases of wheat and rice under subsidised quota of the Government of India, purchased from another government undertaking.
18	Overhead allocation for the purpose of inventory valuation at quarter/year end.
19	Capitalisation of certain expenses related to acquisition of an investment.