what are amendments in companies act 2013

what is net worth of the company

A TRANSPORT COMPANY HAS PURCHASED HEAVY VEHICLE ON LOAN. THE COMPANY HAS NOT PAID 2 OR MORE INSTALMENT IN THE VERY YEAR.

1. THE CLAIM FOR INTEREST IN THE BOOKS WILL BE FROM ALL 12 INSTALMENT TO BE PAID IN THE YEAR OR ONLY ON THE PAID INSTALMENTS.

2. THERE ARE SOME BOUNCE CHARGES & OVERDUE CHARGES. SHOULD IT BE ADMITTED IN BOOKS.

3.WHEN LOAN SQUARED UP CERTAIN DISCOUNTS ON OVERDUE CHARGES IS GRANTED.SHOULD IT BE TAKEN AS INCOME IN THE YEAR.

IN ALL I HAVE ASSUMED THAT FIRST INTEREST PART IS PAID OFF THEN PRINCIPAL. AM I RIGHT IN APPROACH.

WITH REGARDS

dear expert,

For Example :- there are two company 1.ABC Pvt Ltd. 2. Xyz Pvt Ltd and one individual account that is ashish account

1)Ashish Invested 5 lakh In Xyz Company as a capital But He Given Cheque In The Name Of ABC Ltd. which entry i have to pass in all three book

can please anyone give me advice how can i pass this entry .

thanks in advance

our communication service provider requets for an advance of Rs.40,000 but we paid Rs. 39,200 the advance after deducting TDS @ 2%. now in current month billing they adjusted only Rs.39,200/- only in bill. considering the cheque realisation not the original advance amount of Rs.40,000. is it right adjustment or not? Please clarify. ....

BASIC + 25% HRA PAID BY ABC CO. TO OUR ALL EMPLOYEES AND SOME EMPLOYEE AVAIL THE RESIDENTIAL FACILITY .

BUT 25% AMOUNT DEDUCT FROM SALARY AGAINST CHARGES OF RESIDENTIAL ACCOMMODATION WHICH ARE AVAIL THE RESIDENTIAL FACILITY, AND REST EMPLOYEE RECEIVED FULL AMOUNT WITH HRA.

MY QUESTION IS.

1 WHAT THIS IS A FREE ACCOMMODATION .

2 IF NO ,WHAT THE COMPANY WILL HAVE TO PAY SERVICE TAX ON RENT. RECD.

3 AND ACCOUNTING ENTRY OF CHARGES RECD. OF RESIDENTIAL ACCOMMODATION.

if biil inculuding with service & purcahses item then tds on service if service bill less than 30000.00. and wct on it total bill

Dear sir,


i want to know the when we prepare Ralted Party transaction as per companies act. in that i have to track sale and purchase transaction.
if any amount is credited/debited by any Credit note/debit note then we should consider the net off transaction or Taken as per sale and purchase made with them?
Should company raise the invoice for sales transaction?
pls explain in detail asap

One of our client was recognising his brokerage income on marketing agency from their single client of germany on actual receipts basis, and even not books debtors because of uncertainity of reliasation of amount from their clients.
Now our client wants to books debtors but not with revenue for the f.y. 2013-14 & actually they filed legal case against him in german court.
They want to pass entry like
dr. Debtors
Cr. Capital reserve/ or other account

But we cant credit revenue a/c, becoz if we'll do this then we have to pay tax on it and it is not certain that whether we'll get such amt in future or not.

Plz guide me, which entry we should pass to book debtors in our clients books.

Dear all
i am contractor and the company is giving petrol reimbursement. please tell me how to pass the petrol reimbursement entry in tally..


plz reply...