Thanx Aayush,

But here it is a pvt.ltd. Company and we have can show B/S for nil assets and nil libilities like :

Liabilities :

Share Capital : RS. 100000

Assets :

Profit & Loss a/c (Debit balance) : Rs. 100000

Now, Can it represent Nil Assets and Nil Libilities.

Pls, reply

Dear Sir(s),

For Closure a Pvt. Ltd. Company under Fast Track Exit (FTE) Mode, here required Nil Assets and Nil Liabilities.

How Balance sheet turn into Nil Assets and Nil Liabilities ?

Or, Nil Assets and Nil Liabilities means Zero B/S for a Pvt. Ltd. Co. ?

Pls, advise me sir(s) on Urgent basis

Our company has made an advance payment of Rs. 1,00,000.00 to web designing company to design our company's website.
Do we have to deduct TDS on the amount and if we have to, then under which section?

Dear All U,
Let me know if I was issue the C Form for 1 quarter in that C Form by mistake some invoices were missing, so can I issue the new C Form for the same quarter on remaining invoices?

I want to know how many C Forms will issue for one quarter?

1. company had paid advance to staff, but due to death of the person or they are leaving the organisation, company not in position to collect it..

what to do with it?

2. there are so many loans and advances given by the company but not receivable... so what to do with this also?

Can anyone please tell me the correct way to calculate depreciation with the following details :

W.D.V as per Co act as on 31-03-2012 : Rs.19,06,589

Depreciation for F.Y. 2011-12 as per Co.act : Rs. 6,66,907

W.D.V as per Income Tax act as on 31-03-2012 : Rs. 24,82,886

Depreciation as per Income Tax Act for F.Y 2011-12 : Rs. 4,49,693

Opening Deferred tax balance : NIL

Kindly show the complete detailed calculation .

Thanx...

1. Is it mandatory to charge depreciation every year in case of partnership? what are the consequences, if we dont charge depreciation in any F.Y.?

2. what shall be the treatment, if we don't pay any interest to any partners on his Capital, instead we are giving him loan? Is this Possible? Can we do this?

3. If we have received any technical consultancy, for which we have paid the amount, can we capitalize it?

please help me on this doubts.........

our client is a pvt. limited co. incorporated in june 2011. The co. could not start its operation till 31.3.2012, however it incurred several exp. e.g rent, electricity, salary etc. Now the question is how to pass the entries. Shuld it be chgd to p&l completely as per as-26? How to present it under revised sch vi. And last how it would be treated as per Income tax act. Kindly clarify.

anyone Plz tell me right treatment of preliminary Exp. in schedule Six

i want to know after what amount can i start deducting the Tds on contractors u/s 194 C. is the rate 2% applicable on single contractors and 1% on sub contractors.

what is the difference btwn single and sub contractor ?