Dear Sir,

A company who want to wind up its affairs has nil liabilities (except shareholders capital) but however it has income tax refund pending for earliers years with the IT Department. Can the Co. procced for wind up u/s 560 showing the refund due in its Balance Sheet or is it possible that the refund can be issued in the name of shareholders. Plz advice

Thanks and regards
Minita

sppouse we install machinery on 31 march than we able to charge one day dep. on that on that machinery

what should be accounting treatment if goods are purchased with vat/cst and same amount of vat/cst is shown as discount in the same invoice.
For eg...
Basic Price 100
CST 3
Total 103
Less
Discount 3
Net 100
The discount is not in the nature of Cash discount.... We cannot treat this discount as trade discount as well.. as it comes after vat/cst calculation... Please let me know the repurcusion at the time of sale tax assessment.

kindly let me know how to make entry of addition of existing asset in fixed asset register ?

what type of expenses are covered under the head travelling expenses in relation to a company

i want the provisions regarding signing of balance sheet by auditors. Is there any provision in the companies act, 1956 or not?

Pl confirm me asap

hello frnds
i hv a doubt which relates to refund of TDS.

The company paid TDS on commission payable to managing director subject to approval of shareholders in the month of March, 2008 ie FY 2007-08. The shareholders did not approve the payment of commission in the AGM held after the close of the year.
Can the company claim the refund of TDS amt paid???

Dear Expert,
Please inform, what entries would be passed for the FBT March'09. and entry on the FBT payment.

Our company is the manufacurer of wheat products. Please email the working of valuation of closing stock of Finished goods such as Atta, Maida, Sooji and Bran.

rajdeepstar@rediffmail.com

Dear Experts,

Our company has given half money as an advance for AMC for Out DG sets. Total Cost AMC cost is 65000/- . Half money we will give after 6 months.

Now my question is when we will book this expense at time of giving advance or at the time of AMC of DG sets and will give a receipt of AMC done.

At the time of giving advance AMC service provider providing an acknowledgment receipt which is for advance payment making to him.

Please Guide me.