Dear Sirs/friends,

Wishing you a very Good day.


In our Private Ltd Coy, for the F/Y: 2004-05, We deducted an amount of Rs.95,546/- as TDS and we issued Form-16A to the Deductees.

The above liability paid in the foll.F/Y: 2005-06 on 25.05.2005 vide UBI Che.no: 721695.

In the mean time our office staff wrongly paid an amount of Rs.93,378/- on 31.05.2005 vide UBI che.No: 721700.

For the above Rs.93,378/- we have not issued any Form-16A to any body.

Hence, in my opinion it should be treated as an unclaimed tax, deposited paid by us.

We’re keeping that debit amount in our Balance Sheet under the ledger head “ TDS-Debit” for the past F/Y’s: 2005-06,2006-07,2007-08.

Now as a final decision we want to know why it not claimable & how it should be written-off in this f/y: 2008-09.


Kindly share your expert knowledge with us to enable us to save the above unclaimed amount.

Dear sir

I have read that in the valuation of current investments, if market price of the investment is increased subsequently

profits can be reversed if it was reduced due to lower market price than the cost.

I want to know how can there be any subsequent valuation of current investment as curent investments are only held for a period of one year and valuation can only be done on the balance sheet date

Please anyone clarify

Dear sir

I have read that in the valuation of current investments, if market price of the investment is increased subsequently

profits can be reversed if it was reduced due to lower market price than the cost.

I want to know how can there be any subsequent valuation of current investment as curent investments are only held for a period of one year and valuation can only be done on the balance sheet date

Please anyone clarify

Can the indian investor get away from the private company where the rest of the members are FDI.

How can he check the shareholding pattern.

Please anyone throw some light on the above issues.

On 28/03/2008 company received a cheque as compensation which is income in the Balance Sheet of 2007-08 but this cheque send back by bank as unpaid on 03/04/2008. Now company can reduce the income of last year Balance Sheet or book expenses in current year?

I am Kalpana,

Please explain me in detail wat is Bank Gurantee how many parties are involved in it and wat is the process for applying the Bank Guarantees.Is there any form for Bank Guarantees.

Please if any body knows mail me to my Email ID Kalpana.icwa@hotmail.com.as early as possible.

Thanks in Advance.

Sir, I have two questions.
1.A Private ltd co. regd on 30-8-2005 have no business transaction till now.but there are some exps like audit and legal fee, bank charges. I want to know that these exps are to be capitalised under the head pre-oeprative exps or these are to be treated as revenue exps and a return of loss to be filed.
2 A Public ltd co. regd on 30-8-2005. The Building and Plant & Mach. is under construction and there are some exps like audit and legal fee, bank charges. I want to know that these exps are to be capitalised under the head pre-oeprative exps or these are to be treated as revenue exps and consequently a return of loss to be filed.

MY COMPANY IS COMPANY IS NOT FOLLOWING AS-15. OUR AUDITOR QUALIFED REPORT ON AS 15.

NOW OUR COMPANY IS GOING WITH ANY INSURANCE COMAPNY. THIS IS UNDER PROCESS. I WANT A GOOD WRITTEN PARAGRAPH AS CLARIFICATION OF DIRECTOR. SPECIALLY ON GRATUITY AND LEAVE ENCASHMENT.

PLEASE HELP ME OUT.

MY EMAIL ID : rakes2004@gmail.com

Plese Help i am working in Sarva shiksha abhiyan as Asst accountant my query is hear advance amount will be taken for organising workshops meetings etc its ok i am taking in cash book as adv in the name of who will take adv on date when they will take adv again after 10 days they will give the details of adv taken then they tell strike out name how shuld i must enter in the cash book and what head i must debit on adv taken and when they will give details plz help give detail entery as example

sir i want to ask following questions on U/S Loans:

1.Whether it is mandatory to charge interest on unsecred loans for financial year 2007-08 if we have charged interest in the last financial year 2006-07?

2.Whether it is mandatory to charge interest on each unsecred loans if loan provider is not related with assessee?