hi

I am a sub agent for the IATA agent selling air tickets , i wish to open a current account in the firm's name.My annual income from travel agency would not be more than 30000k
( commission earned) by selling tickets .

do I have to register for service tax or do I have to just register the proprietorship firm

please advise

Dear Sir,

Whenever there is a conflict between the Accounting Standards issued by ICAI, statute and Revised schedule VI, which one should be followed in priority.

Dear Guys

Bank Guranttee charges are why not taken to Prepaid expenses if it is possible or not please explain me

In case of Deferred Tax Calculation for the First year of Company Pvt. Ltd.

As per Books Depreciation Comes Rs.15,798/-
As per IT Depreciation Comes RS.29,712/-

Net Block as per books = Rs.83,242
WDV as per IT = 69,328/

So let show a chart how to calculate it.
Whether it assets or liability.

Dear All,

We are Delhi based software company. In every month we are generating invoices in US Dollars and pertaining to that invoices we are receiving inward remittances in US Dollars and crediting in our Bank EEFC A/c

So how do we account for in INR

Dear sir

Can One person can withdraw the salary from two different company.

Kindly suggest.

Muttu

Respected Sir,

I want to know whether if life insurance policy or mediclaim premium is paid by cash then it is allowed or not .

also tata iag & other policy will come under lic premium of 80c or in 80c - others
0aty0

also for pension plan scheme of lic what is limit for deducation allowed

ASSET HAS WRITTEN DOWN VALUE AS ON 01.04.2010 Rs. 250809 and sold for Rs 219127 dated 21.03.2011 now depreciation related with sold asset would be shown in profit and loss and balancesheet or not and if yes then how will we show it and how much dep. will be please tell me accounting treatment Rate of depriciation is 13.91%

Ms Janie, a client who has traded as a hardware merchant for the last five years, has told you that she finds difficulty in understanding the draft profit and loss account for the year ended 31 December 2010 which has been prepared by your assistant. Ms Janie’s main concern is that, although the accounts show a profit, the bank overdraft at 31 December 2010 was significantly higher than it was a year earlier.
Required:
Write a report, indicating your response and opinion to Ms Janie

A Pvt Ltd Company is transferring its profit or losses since many years to its reserves and surplus.What will be its use???????????Its just increasing it and has not done anything with it even for a single time.........