Anonymous
16 December 2013 at 17:57

Related party

Pl. let me know below entities are related party as per AS 18? Pl. explain also

Company A Holds 99 percent equity share in Company B. Company A holds 40 percent equity share in Company C.

Whether B and C Related Party as per AS18?


Ashwin Bharani
16 December 2013 at 17:47

Bonus in corporate company

Dear Sir, I need required Bonus strategy in corporate business. Thanks


Preety Gupta

Fast Track Exit Scheme says that any defunct/ dormant company with nil asset and liability can apply:-

What if

Particulars From 01.04.2013-16.12.2013
I. EQUITY AND LIABILITIES
(1) Shareholder's Funds
(a) Share Capital 100,000.00
(b) Reserves and Surplus (105,000.00)

(2) Current Liabilities
(a) Other Current Liabilities 0
TOTAL (5,000.00)
II. ASSETS
(1) Non-Current Assets
(a) Fixed Assets
(i) Tangible Assets -
(ii) Intangible Assets -
(2) Current Assets
(a) Cash and Cash Equivalents 0.00
(b) Short-Term Loans and Advances -
c) Other Current Assets -
TOTAL 0.00




KINDLY GUIDE THE REMEDY.


Vipul Chauhan
16 December 2013 at 14:59

Debt

Does debt includes current liability ?



Anonymous
16 December 2013 at 12:03

B/s and p& l for loan

hi sir plz help me my assessee who want to take a loan for xerox machine Rs 85500/- and he run the business of stationary last 2 year and not prepare P&L and B/s now for laon bank required 2 year B/s how to do plz help me give me hint and format as regard
thanks,


Rajat Gupta
15 December 2013 at 15:03

Marks

what is royality


Surya Attal
15 December 2013 at 08:18

Property

i am having a property gifted from my father. in this case what will be its tax consequence? further if i sell the same property then what will be tax application? market value of property is rs1cr. property is long term hold by my father.


KRISHNESH SARDA
14 December 2013 at 23:26

Debtors

if debtors are standing for more than 1 year then how it could be under current assets?


nidhi jain
14 December 2013 at 21:13

Grant accounting

Can grant received from govt. be shown under the head other non current liabilities in the balance sheet?


Anirudh
14 December 2013 at 19:57

Need some suggestions

I am a ca final student who did appear in nov...i prepared only for my 1st grp but did also sit for d 2nd grp...i did my articleship frm a small firm where i was made to do only data entry nd vouching so i have little or no knowlege abt practicl audit nd taxation matters...aftr my xams i got an opportunity to work in a big firm...but i m bit worried as i have little or no knowlege in practical audit work nd since i didnt prepare for my 2nd grp so my tax knowlege is not tht sound...plz suggest whethr i shud join this firm or not...plz do suggest...thanks






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