A fertilizer manufacturing company.
Addition to factory building up to 31.03.2007 is Rs.435000.00. however the addition is not yet completed as on this date. is it capital WIP to be shown on asset side or does it have any other treatment.. Plz explain...

FRIENDS,

MY QUERY IS GIVEN AS BELOW:

A COMPANY RAISED IN JUNE 2007 USD 50 MILLION THROUGH FCCB REPAYABLE ON OR BEFORE JUNE 2012 BY-

I) ISSUE OF EQUITY SHARES OF RS 10 EACH @ RS. 1,000, OR

II) PAYMENT OF CASH AT A PREMIUM OF 45%.

IN OCT 2008 COMPANY'S SHARE WAS TRADING AT RS. 325 EACH IN BSE.

COMPANY DECIDES TO REDEEM FCCB WORTH USD 25 MILLION BY ISSUE OF EQUITY SHARES AS IT'S FACING LIQUIDITY CRUNCH.

TO GIVE EFFECT TO ABOVE SCHEME COMPANY BUY BACK 12,50,000 SHARES @ RS. 350 EACH.
AFTER BUY BACK IT REDEEMS FCCB OF USD 25 MILLION BY ISSUING THE 25,000 SHARES @ RS. 1000 EACH TO FCCB HOLDERS.

NOW WHAT WILL BE THE ENTRIES IN THE BOOKS FOR THE BUY BACK OF SHARES & REDEMPTION OF FCCB. ?

PLEASE ANSWER IN ELABORATIVE MANNER.

Dear All,

i want to know about the defination capital and input breifly.

Thanks

Hi, Can any one update me about professional Tax payable by the Director of a Pvt Ltd Company.Also is it true that even the Directors who are not in receipt of any remuneration also need to pay.
The professiona tax is as per Andhra Pradesh Rules.

Thanks in Advance.
suresh

I have one Dought regarding Valuation of Shares as closing Stocks. Can we Value them at Cost ?

thankyou very much for claryfying my doubt.i also want to know how IFRS gets converged with AS in india

x of kolkatta sends out goods costing 100000 to y of mumbai at cost+25%. consignor's expenses Rs 2000. 3/5th of the goods were sold by consignee at 85000.commission 2% on sales + 20% of gross sales less all commission exeeds invoice value. Amount of commission eill be
(A) Rs 3083
(B) Rs 3000
(C) Rs 2500
(D) Rs 2000

After the completion of assessmnet the advance tax and TDS are to be adjusted against the provison created for that Assessment year.But what is the accounting entry if

1.Their is Self assessment tax is payable as per assessemnt order.

2.Their is Refund as per assessemnt order.


Please also confirm Where to show the income tax refundable whether under Indirect Income or to reduce the provision for the current year by that amount. Please confirm and suggest.

what is capital goods? Examples of capital goods.

If a company made some expenditure on making a new cabin in the companeies premises then what will be the nature of this expenditue capital or revenue????/