Can security premium be used for amount to be transferred to the Capital Redemption Reserve?

Dear sir,

please share your an idea on the following issues.

If we will make the cost plus company.

what are the advantages(Eg: tax & cost, Asset)& disadvantages.

presently we are running the mobile software company.


Regards,
Naveen

Materials sent for Processing = Rs. 689989/-
Job work charges for processing materials =Rs.200310/-
VAT Charged on materials sent for processing & job work charges =Rs.35612/-.


Total Amount of Bill = Rs. 925911/-

On Which of following amount will TDS deducted :-

1) Total Amount of Bill = Rs. 925911/.
2) Job Work Charges of Rs. 200310/-


Thanks & Regards

Dear All,

X company buys tailored made material at Rs. 100 per kg. But once the material is accepted by the company and if it wishes to sell the material immediately still company will have to sell the material at scrap rate i.e. half of the cost price. In this scenario, how the company should value its raw material in stock?

My query is we have a pvt. ltd. company
at the end on 31.03.2010, we have occurred loss at the above period. but actually we have paid donation amount of rs. 51000/- that's why create loss. in short, before donation net profit of rs.37572/-. and after a donation loss of rs. 13428/- and also this donation does not deduction in income tax also.
what treatment i should provide in the books of accounts for deferred tax purpose ?

isn't it true that deferred tax provision only reported in audit report not in the books of accounts ?

M/s. ABC prepared a invoice in favour of Foreign buyer on 27th March 2010. goods were transported to port for the delivery. The goods were shipped on 2nd April 2010 and Bill of lading was prepared on 2nd April 2010. What would be the effective date of sale?

hello friends,
for purchase of consumable items following entry is passed by a ltd company.

consumables a/c--------dr
vat a/c----------------dr
To Party A/c

my query is since vat credit is not allowed on consumables items is this treatment correct??

please clarify
thanx in advance
my id abhipcc@rediffmail.com

At the time of retirement can goodwill be raised by debiting Goodwill a/c and crediting Partners capital a/c in any case.

What should be the treatment for assets lost in fire. They have insurance of above assets but insurance company is not finalised claim. So what should be the treatment for the loss in current year.


Kindly guide me some material for same problem.

Ca Any one help me in providing a copy of Projected Balance Shhet & Financial Statements & Guide lined which one should follow so that I can Prepare a Good Projected Financial Statements as one of my client is looking forward to take loan from the Bank.....