Dear All,
Can you please explain,Whehter digital sign is mantodoty for directors of pvt ltd co. In case of pvt ltd co. whether director has to put digital sign on b/s and income tax returns of the co. Thanks...

is it ok to include PARTNERS' SALARY IN OPERATING EXPENSES?

A,B & C are partner sharing profits in the ratio of 1:1:1.They had a joint life policy of Rs. 1 lac. C died on 1 july 2010. Acconts are closed on 31 dec every year. Insurance company pay the amount of Rs. 1 lac on 31 dec 2010 . policy's premium is charged to P & L a/c every year. His nominee wants to take away the policy amount for his personal purpose as soon as it is received from insurance company. Then in this i want to know the entries with DATES

Dear Fellows,
can anyone provide me specimen of balance Sheet, Notes to A/c etc. of a Pvt. Ltd. Co. engaged in the business of Hotel Industry, filling for the first time with income Tax/ROC.

Please Advice:
Fact of Case :Company has raised the rate differance invoice on 02.04.2010.Original sales are made in 2009-10.
Query : Whether any sales provision is required to be made on 31.03.2010?
How it will be treated under income tax?

1.If a Building is taken on lease rent for 6 years and expenditure incurred on renovation of the same like furniture , fixtures, Electrical work, civil work etc. then the expenditure is claimed as capital expenditure or not. Kindly note the amount paid to contractor for all the work including services.

2. If it is Capital Expenditure then what is the rate of depreciation under Co.'s Act and IT Act.

3. Start date of depreciation claim.

4. otherwise Please let me konw the accounting entry.

Thanks & Regards

provision for payment of bonus disallowed earlier year and was paid the following year is it liable for deduction in calculation of deferred tax the subsequent year

Dear all,

Kindly suggest me how to control over expenses,please provide me some basic guide lines

Regards
Mrityunjay

X sends goods costing Rs. 200000 to Y . 3/5th of the goods were soldby consigneefor Rs 140000. Commission 2%on sales plus 20% of gross sales less all commission exceeds cost price. The amount of commission will be how much ?

Hello all.
Here i am confused to finalize one unit's account. Last year my client had made a mistake in payment of civil contract without deducting T.D.S and for that i want to know that; can i pay that T.D.S amount in this year??? Please guide me....


Rakesh Chauhan
Mukund Patel & CO. CA.
Anand ( Gujarat )rakesh_1020@ymail.com