A Subsidary co of ours is registered outside india.The Accounts Are compiled in Foreign currency say USD.

We have have a holding company registered in india preparing accounts in indian currency.

Want consilidate the B/s & profit & loss account of both companies & show the conslidated figures in indian rupees.

How to consolidate.

Rakesh sharma

Please tell me how to make Balance Sheet Which enrty mainly Trasfer to P&L A/c & If pissible please sent me easy Excel format for Making Balancesheet format

Thanking You,

Regards
Paresh

Hello Freinds,

I would like to know if a retailer show his income under Section 44 AF and does not maintain any record, his total receipt does not exceed rs. 40 Lacs in the previous year and he shows 5% profit.
Now my question is, his item is sales taxable and he is required to furnish sales tax returns quarterly then for that purpose what record he should prepaired to keep away the sales tax department and income tax department.

Please let me know



Thanks in advance

hello,

my query is relating to the scrap value of fixed assets. facts are given below :

our company is following the depreciation rate of 31.67 % by SLM method with a scrap value of 5% on EDP assets.
one of our assets(laptop) given to an employee for his personal and official use. after 4 years he has resigned. what is the value we should recover from him ?

Hello,

Please help me out.

1). I would like to know that if a retailer starts his business in a local market, then please tell me is there any creteria not to maintain books of accounts and if yes then up to what limit. and if no then what should he do, so that he should not be faced any problem in relation with sales tax deptt and income tax deptt.




thanks in advance

Dear sir
1)one person take loan for purchase of shares for investment purpose. On that loan he paid interst. What is the treatment for this transaction.

2) question: This person purchased shares 4 years ago.since onwards he capitalized that interest. What is the treatment for this transaction.

In a demerger scheme, the Resulting Companies allot shares to the shareholders of the Demerged Company. Whether there has to be a correlation between the value of the undertaking to be trasferred on demerger and the value of shares of the Resulting Companies? In other words, when the break up value of shares of the Resulting Company is less than its face value, should the Resulting Company allot more shares to the shareholders of the Demerged Company or vice versa?

Dear All

I want to know that from the 30 september 2007 the TDS Return of Non-salary is deposit with minimum 70% PAN. But out company is transport company & we are not able to complete this percentage. So, tell me the solution to solve our problem

regards
sachin kuamr

What are financial implication of deferred tax ?

I WANT TO CONFIRM WHAT IS THE PURPOSE OF US GAAP AND INDIA GAAP AND HOW TO USE/IMPLEMENT THESE.


H.ARORA