what do you mean by buyback of shares?

SIR
R THERE ANY CHANGES IN ADVANCED ACCOUNTING (PAPER 5) SYLLABUS FOR MAY 2014 EXAMS LIKE
ACCOUNTING STANDARDS OR ANY OTHER
THERE R NO ANNOUNCEMENTS YET IN BOS PORTAL OF ICAI

Dear Sir, I need required Bonus strategy in corporate business. Thanks

Fast Track Exit Scheme says that any defunct/ dormant company with nil asset and liability can apply:-

What if

Particulars From 01.04.2013-16.12.2013
I. EQUITY AND LIABILITIES
(1) Shareholder's Funds
(a) Share Capital 100,000.00
(b) Reserves and Surplus (105,000.00)

(2) Current Liabilities
(a) Other Current Liabilities 0
TOTAL (5,000.00)
II. ASSETS
(1) Non-Current Assets
(a) Fixed Assets
(i) Tangible Assets -
(ii) Intangible Assets -
(2) Current Assets
(a) Cash and Cash Equivalents 0.00
(b) Short-Term Loans and Advances -
c) Other Current Assets -
TOTAL 0.00




KINDLY GUIDE THE REMEDY.

Does debt includes current liability ?

hi sir plz help me my assessee who want to take a loan for xerox machine Rs 85500/- and he run the business of stationary last 2 year and not prepare P&L and B/s now for laon bank required 2 year B/s how to do plz help me give me hint and format as regard
thanks,

what is royality

i am having a property gifted from my father. in this case what will be its tax consequence? further if i sell the same property then what will be tax application? market value of property is rs1cr. property is long term hold by my father.

if debtors are standing for more than 1 year then how it could be under current assets?

Can grant received from govt. be shown under the head other non current liabilities in the balance sheet?