entry for partner salary in p&l & can we less partner salary show than previous year

hello......

my query is

Suppose a co. say A LTD. 's managing director is also M.D of another Co. Say B ltd.

This means while reporting for A ltd. , B Ltd. will be its related party.

Now let C ltd. be subsi of B ltd. ....... Whether it will be Related party for A ltd.



Pls reply

Dear all,

Please guide me which is the good book for the Service tax, TDS,income tax, and Sales Tax for Knowledge purposes of Karnataka State

Regards,
Mrityunjay

dear sir,

i read in ca club "set off" word what is this meaning ?

will u explain?

rahul

Kindly advise on accouting treatment of fixed asset acquired in exchange of Gift Coupon at free of cost.

Is their is any tax to claim or payment to be made on purchase or sale of material on urd purchase basis for KVAT only..............?

Respected All,

The company has received an Invoice dated 20.05.2010 for the period from 01.01.2010 to 31.12.2010.

In which financial year should the company provide for the expenses and deduct the TDS?

REGRADS

Sir,
What are the things to be kept in mind while prepairing
1. Projected Balance Sheet & Profit & Loss A/C
2.Estimated Balance Sheet & Profit & Loss A/C
Is it That while prepairing estimated balance sheet & Profit & Loss A/c round off figures cannot be given but which can be given in case of projected balance sheet & Profit & Loss A/c

What are basic funda/documents requred for finalaisation of accounts

A co. Named XYZ having:
-Business of construction
-no income from construction during the year.
-only rent income from house property during the year.
-there are also some administrative expenses like Audit fee/bank charges..etc
so there would be loss during the year.

now my query is that whether loss could be carried forward next yr or setoff against rent income as there is no business income during the year.

regards
Abhishek Sharma