Accounts Finalisation for new company...Urgent Sir!!
This query is : Resolved
31 August 2010
Dear Experts,
Very Urgent Sir!! Thanks for everyone who replies!!!
I am going to audit a new private limited company which is just started.
I have the following doubts in that please provide me the answers.
1) Please provide me the format of Schedule VI of the Companies Act.
2) What are all the applicable standards for it.( It is neither a holding company nor a subsidiary one) Specially whether AS-3 (Cash Flow Statement applies for it)
3) Since this is the first year there might be loss for the year, so should i have to provide Deferred Tax Asset.
4) Is there minimum amount of share capital which the company has to register itself as private limited company?
5) Please provide me the section which deals with prelimnary expenses write off as per Companies Act.
With regards,
Rajesh.
Very Urgent Sir!! Thanks for everyone who replies!!!
I am going to audit a new private limited company which is just started.
I have the following doubts in that please provide me the answers.
1) Please provide me the format of Schedule VI of the Companies Act.
2) What are all the applicable standards for it.( It is neither a holding company nor a subsidiary one) Specially whether AS-3 (Cash Flow Statement applies for it)
3) Since this is the first year there might be loss for the year, so should i have to provide Deferred Tax Asset.
4) Is there minimum amount of share capital which the company has to register itself as private limited company?
5) Please provide me the section which deals with prelimnary expenses write off as per Companies Act.
With regards,
Rajesh.
02 September 2010
1) Pls refer to https://www.vakilno1.com/bareacts/companiesact/companiesacts5.htm
2)Refer to WIRC Manual.AS 3 will be applicable.
3) deferred tax assets can be provided in case there is a guarantee that in future this asset can be utilised.
4)Pls refer to Sec 3 of Companies' Act
2)Refer to WIRC Manual.AS 3 will be applicable.
3) deferred tax assets can be provided in case there is a guarantee that in future this asset can be utilised.
4)Pls refer to Sec 3 of Companies' Act
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Fixe term employment
- Is any professional CA is here please reply
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Section 50-fixed asset-->building ceases to exist
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Putting a heading on received mail
- Experts need help
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Gift Received from nonblood relative
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
