please help me to understand what does finalisation means . IS it the same way as we do in books of accounts or studied at B.com level. what points to be considered.

Dear Experts


If a company have Purchases 150000(including 10000 for input vat) and Sales Rs. 200000.(including Output Vat rs. 15000) and Company have paid Vat rs. 10000-15000= 5000.

in the above case which amount debit in
as Sales tax expenses
and Sales a/c
and Purchases a/c
and much amount show in balance sheet if vat not paid
Regards
Mahesh Siradhana

I am sivarajan ,studying PCC.I need notes ,tips &formet in relating to company a/c -AMALGAMATION

Dear Experts


A Sale of a Company Rs. 110000(including Rs. 10000 of Output vat)

Please tell me in above case how much amount show in Sale a/c

A Purchases of Company Rs. 100000(including Rs. 10000 of Input vat)

Please tell me in above case how much amount show in Purchase a/c and Profit and Loss a/c

and How much amount will debit in Indirect Expense as a expenses


Regards
Mahesh Gurjar

we have 70 regular emploess and contributing 12% e p f as employeer share irrespective to celling of Rs 6500 . i.e is the salary of employees is 20000/- we contibute Rs 2400/-

But we have 300 employees deputed by contractor who have his own account no and the EPF of these contractors are being deposited in the account code of contractor . The employer share is being paid to contractor by Us . I want to know that CAN THE CONTRACTOR DEPOSIT E P F UP TO THE CELLING OF rS 6500/- ONLY EVEN THE EMPLOYEE OF CONTRACTOR WORKING IN OUR FACTORY GETTING SALARY ABOVE rS 6500/-.

iS IT mandatory to follow the same rate and celling for the contractors emplyee which we adopts for EPF for our emplyees on our roll.

In my opinion we should contribute for contractors employee only up to Rs 6500/- where as for our employess we contibutes for full wages i.e above Rs 6500/- also

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