Please guide that in new Schedule VI, the preliminary/preoperative expenses have to be written off completely in the Profit & Loss or only 1/5th portion would be written off for the FY 2011-12.

Is changed Schedule VI is applicable for all the companies. I need the Revised Schedule VI in excel format. Can anybody forward the same to me ?

Thanks & Regards

Tapash Kr. Biswas

i have a bill which is having half amount of vat & half is ser tax then on which amount i need to deduct tds.

is there any notification

In revised schedule VI, under changes in inventories we have to disclose Opening balance and closing balance.

What does changes in inventories means?
If Closing balance is more than opening balance, how do we interpret this and represent this in the Statement of profit and loss??

Sir/Madam,


Can your provide me the procedure to sort debtors stands for more than or less that 180 days in tally 7.2 and Tally 9.0.

I would be further thankful to you if you can also provide me the procedure to transfer this debtor list in excel sheet as per 180 days compliance.

Dear Sir/Madam.

I would like to know if a pigmy account is opened & is not disclosed in the balance sheet of any financial year and the same account while closing, the money is transfered to saving account (this saving accountis is disclosed balance sheet)

what would be tally entry? for this particular case as the pigmy account was not disclosed in any financial year whereas now that the money is transfered to saving account which as been disclosed in balance sheet.
I did the following entry

Receipt

To proprietors capital a/c
By bank savings a/c

or is there any other way. please help.

thanks in advance

how i can import a ledger from one company to another company(only one ledger with all the entries)


pls reply and thaNKS IN ADVANCE.

Maximum limit for sales tax in haryana and delhi.

Respected Experts,
Inventory consists of
(a) Raw Material
(b) Work - in progress
(c) Finished Goods.

Suppose if on year 1 the closing raw material is Rs.100 closing work in progress 200 and closing finished goods is 300

and at the end of year 2 the closing raw material is Rs. 80 , closing work in progress is 250 and closing finished goods is 430.
My doubts are

1) How it has to be shown in the credit side of the Trading & P&L a/c for the year ended 2 and also in the balance sheet?
2) I have seen in many financial statements it is shown with brack some times without bracket sometimes. What does this mean?
3) If inventory is more than the year one whether we should add or less it?
4) If inventory is more than the previous year means whether it is income or expense?

Please clarify me regarding the same. Thanks for all the experts who are so generous to share their expertise with me.
With regards,
Rajesh.

What is the nature and effect of BAD DEBTS RECOVERED A/c in the INCOME TAX RETURN is it increase our PROFIT OR INCOME? Tell me Briefly about this.