whether private limited companies have the option to buy back the shares if answer is yes in which section of companies Act governs the same...?

Advance Tax for previous year 08-09 is Rs.13500, Actual payable Rs.10600 therefore refund is 2900.
what should be the treatment of adv.tax in 09-10.
that means how to close adv.tax a/c?

Is VAT Input Credit on Capital Asset purchased available for set-off with VAT payable on sales...

If one Subsidairy (A) has sell assets to subsidairy (B) Cost Rs 1000 + Profit Rs 500. the holding Company has 51 % shares in both the Co. total profit of subsidairy A is Rs 2000.

At the Consolidation we have to remove intra group transation, so we have to eliminate something.

My question is that - Subsidairy A
1) How much to eliminate,
2) from where to eliminate
3) How much profit to be given to Minority
4) Please show via journal entry.

Thanks & regards
rahul Surka

Dear Sir,
I had paid TDS online but last step means TDS acknowledgement not generated. So how i regenerate acknowledgemnt???

& Also tell me can i show picture capture of TDS paid (before acknowledgement generate page) with the help of print screen button??

Thanks

We are offering VRS to contractor workers.
Payments will be made by contractors upon
resignation by the workers.
We will reimburse the amount to the contractors.
What will be the accounting treatment and
can this amount be ammortised in five years.
kindly advise
thanks

Hi all
How to value closing working progress under AS-7. Under percentage of completion method total contract price X % of work done becomes the Contract revenue. Then how the closing work in progress will comes to picture.
What is the accounting entries for recognizing contract revenue under the % of completion method?

Hi frendz,
Can nyone tell me th method of valuing Closing WIP in contract works...
nd do cite th relevant AS too...
Please clarify at th earliest..

THANKS IN ADVANCE!!!!

If a Company shifts its head office in the same state only then the expenditure incurred on transfer of Capital Assets will be a Capital or a Revenue Expenditure as per Companies Act,1956 and As per Income Tax Act,1961?

Should Capital Expenditure incurred on transfer of assets from one location to another be capitalised??