Assume i revalued my asset which resulted in creation of revaluation reserve by Rs100000 now i have acc dep Rs10000 dep on original amt of assets20000 and additionaldep due revaluation rs 12000 now how much is to be debited from revaluation reserve

In calculating Net Worth of Company Is Deffered tax is deducted from Shareholder's Fund?

Pls Correct if my formula is wrong
Net Worth = Share Capital+ Reserve & Surplus-Deferred Tax Assets

What will be the treatment as per schedule VI of interest paid under 234B&C.
and under which head this item will be placed.

There are two main criteria regarding applying for fast track exit of a Company:-
(a) The company applying under FTE should not have any asset and liability;
(b) The company should not have commenced any business activity or operation since incorporation or at least one year must has been passed since last business activity or operation.

By the above stated we under that we need to submit a NIL balance sheet (statement of accounts duly certified by CA/ Auditor)of the Company applying for fast track exit, Can any of the learned members send a specimen copy or format of such statement of accounts for reference along with the following documents for fast track exit of a Pvt Ltd:
I. an affidavit,
II. an indemnity bond and
III. copy of board resolution showing authorization for filing the form.

industrial trainning

Hi, can anyone tell me what is the latest version of Tally?

is there gonna be any postponement of May 2014 IPCC, because of the elections???

sir I want know this what is journal entry in tally if basic salary is 15000, and deduction esi, employer contributions, pf, and if salary 18000 then.

what is high Seas sale? and what are the conditions to fulfill? is vat/cst liability apply under this case?

Respected Expert,
Pls give the Guidence about the following situation.
EX. Ihave one asset which hase useful life of 5 yrs. Now i purchase some part of this asset which hase useful life if 10 yrs.
Whether i have to disclose it under seperate heading or not?
If i want to disclose it under the same head then how can i diclose it?
Thank You.