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Sir, kindly provide a solution for the following problem- H Ltd acquired 15000 shares of A Ltd on 31.05.2010, as on 01.4.2010 securities premium of A Ltd was 10,00,000. Profit for the year 2011 was 4500. My querry is- 1. Whether securities premium will be included in pre acq profit. 2. If i include such figure in pre acq profit, capital reserve is created of huge amount which ultimately reduces my investment value n makes it negative, but my net worth is positive so my investment should also be positive.

A Car dealer purchased a vehicle worth Rs.50000/- which is inclusive of Service charges Rs.1230/- and Service Tax Rs.185/- and he issued C Form for the whole amount Rs.501415/-

How to pass entry for this transaction to take service tax input?

Hi
We buy some material from outside country.actually material arrived on the port and invoice recived. But due to some documentation query shipment not yet clear and invoice now due for payment.how we inter invoice in SAP without GRN and closing po.

Insurance premium of the managing director's Life insurance policy paid through business bank accounts.what journal entry will be passed

Sir lets assume Sachin tendulkar recieved an income of 1 crore in the USA . Assume that he has paid the required taxes to the US govt and he finally remits the balance amount to Mumbai . Since he is a resident and ordinarily resident in india , will he be liable to pay IT on the balance that was transferred to mumbai ??

Dear Sir/Madam

Please attach here format of statement of income to calculate computation of income

If have any free online software plz attach link here

Thanking you..............................

Sir now Mr Mukesh ambani is the chairman and MD of Reliance industries ltd (RIL) . Now RIL as a company is liable to pay income tax @ 30 rate. My question is , is Mukesh ambani personally liable to pay income tax out of the profits derived by him from the company ?

Dear Sir/Madam

I have to IT returns for the assessment year 2015-16 & 2016-17 on 30-Nov-2016. Sir my question is which was the due date for IT returns for both financial year 2015-16 & 2016-17 plz let me know? I m avaiting for your reply .............

Thanking you

Hi Good Evening,

A Partnership firm partners purchase land for own house construction. The payment wash made from firm, it is Partners Drawings or what type of accounts head in firm please clarify.
Regards,
A.Sivakumar.