can a bank overdraft be taken more than the paid up capital of the company..

please can any one clarify .....why can't we create deferred tax asset on MAT credit, as MAT credit is an asset which gives future economic benefits by way of tax savings..

Dear sir,
I have a query in Tally ERP 9.
I have entered all openning balance of ledgers in correct manner, but in the balance sheet there is showing a difference in openning balance on liabilities side.
What this balance indicates ???
Kindly awaited for your reply!!!

In case of joint bank account , in whose hand bank interest will be taxable and in whose account it will be shown in asset side .

for example I have purchased a material for rupees 80000 on credit on dates 15-11-16 now I paid on ACCOUNT payment to him on 20-11-16 of Rs. 17000 23-11-16 of Rs. 19000 25-11-16 of Rs. 20000 1-12-16 of Rs. 20000 4-12-16 of Rs.4000 should Department allow this expense or not Thanking you

one of our employees who is given salary for this Month Rs. 14500 vide cheque.His actual salary is 13000/m.he has given the company Rs. 1500 back now.how to adjust this cash kindly help.

Good afternoon Experts, I want to know whether my CA has filed our companies Tds return or not.Kindly tell me how can I check that online.

I am giving small amount monthly to my receptionist for meeting daily expenses. she is passing two entries.kindly confirm is she right or wrong. At the time of Payment of expenses Expense A/c Dr. To Petty Cash Cr. 2) at the time she receives from me periodically to meet these expenses. Petty Cash Dr. To Cash Cr. kindly confirm.

if at the incorporation the share capital is Rs.1,00,000 in cash and preliminary expenses are 45,000. now I will show 100,000 under share capital and 100,000 under cash. then how should I book the preliminary expenses of 45000. how my balance sheet will get tally????

I am a stockiest of cement and I want to sell 1000 bags of cement. Can I take old 500 & 1000 notes as cash payment for depositing in bank account . I don't have old cement stock . I want to sell the same from fresh stock.
please suggest