i have a car loan of rs 500000 but it is settled in 280000 and paid 280000.what is treatment of rest 120000 ?

Dear Sir,

The Land revenue expenses for previus finanacial yaer but paid in current financial year,is it allowable as expenses in current finanacial year as per income tax act?
Thanks
Vinod

Whether Previous year's figure of Financial statement should be restated in Financial statement for the compliance of Revised schedule VI .

In bank statement there are two kind of dates
1. Date & 2.Value Date. What is the meaning of Value date?? In writing accounts which date should be considered???

Where to show Misc. expenditure (to the extent not w/off) under the revised schedule VI?
Please reply.
It's urgent.

Sir
A company is having brought forward losses and unabsorbed depreciation. Due to the uncertainty of future profits company has decided not to make provision of deferred tax assets arising on timing difference due to difference between depreciation as per Income Tax and Companies Act.
Company also having opening balances of deferred tax assets. How would treat this opening balances. Whether to write off as prior period item or to show as it is in the balance sheet. Please reply it is very urgent.

A DEALER HAS PAID OUTPUT VAT TAX ON SALES . THE SALES ARE CREDIT BASIS. AFTER ONE OF DEBTOR BECAME INSOLVENT .THEN WHAT IS THE THE PORTION OF VAT PAID ON OUTPUT
HELP SENIORS

What are the important ratios banks will look into the analysis of balance sheet and P & L while sanctioning the Term loan/working capital loan? What is the minimum acceptable level in each ratio?

A & B.are partners sharing P&L in the ratio 7/12 & 5/12.on 1Apr.2009 they take C as partner giving him 1/6 share. A&B agreed futher to share the C future profit in the ratio of 13/12 and 7/24 resp.C in addition to his capital ,brings Rs.96000 as his Goodwill for 1/6 share The Goodwill is amount to be shared bet.A&B.

What will be the sharing ratio of A & B

Hi

Our Company is Publishing Books

In August 2011 we started one Project for That we collected Advances from Advertisers and shown it as Advances from Customers.

now we spent Editorial Design & Salaries in the last FY 2011-12 nearly 18 Lacks. the book is Finished in August 2012, the Sale of Books is Recognized in FY 2012-13

for Last FY 2011-12 whether we need to Show WIP Please Let me Know ASAP