in merger method y the diff b/w purchase consideratn & share cap is absorbed by reserves of seller co.

Hi
Friends

How to close the entry

invested in a company of Rs 1,00,000/- (i.e 10,000 shares).

but the company was closed without paying any amount of share capital.

then how to close the share capital amount invested in that company.

As per AS-16

Borrowing cost of which type of land and building (Intangible Assets) we cannot capitalize


Pls Mention it clearly.


Thanx in ADVANCE

1. wht is the taxable income (per year)for eligibility of 20 lakhs housing loan.

Dear All,


Kindly suggest me , Partner salary is not mentioned in deed. Only share percentage is mentioned.

Shall i provide salary to partner with the mutual consent of the rest of the partners.

and also help me to provide profit sharing calculation of Rs.10Lac,
Partner 1, 2 and 3 - 40% , 40% and 20% respectively.

thank you...

Sir , I am having 2 queries

1) What are the schedules for profit and loss account and Balance sheet ?

2) profit and loss account of the company should be as per the Income tax act or as per the company act 1956 at the end of the year?.

Thanks in advance .

dear expert is it possible to take transfer after completion of 1 month article kindly let me know as in my firm there is no work. all article staffs including me are just relaxing everyday i have joined this firm few days ago .

dear sir i sent articleship re registration form as on 22-10-2013 but till date i dont get my registration letter and student id card. but i m registered in members record on icai website i sent emails to icai but got no response plz help

at the time of filling tds return for Q1 of f.y.2013-14 i hv wrongly taken challan and deductee details Q4 of. f.y. 2012-13 and after that i come to know there is no tds in Q1 in f.y 2013-14. i hv visit IT office bt they are nt given reaspose.what can i do ? there is any option for cancellation of return.

Is Goodwill on Consolidation of Foreign Subsidiary (AS 21 Goodwill) changes from period to period without Acquisition?

i mean due to Currency Fluctuation.