Sir i have a small doubt on the entry that has been posted!!!

Suppose, mat provision is 70000 and income tax provision 50000 ,mat entitlement to be carried forward would be 20000.

The year in which tax becomes payable as per mat ,shudn't the entry be

Income tax a/c dr 50000

mat entitlement dr 20000

To Income tax provision 70000

In next year subsequently the provision can be reversed too

Sir could u please clarify

one of my client wants import industrial use oils. what are the licences to be obtained and what is the procedure to import

Sir,

I have to file form 20B, 23AC and 23ACA with ROC. I have a PDF convertor and converted audit report as well as balance sheet and profit and loss account into PDF format for form 23A and 23ACA.
Further, I have a fromat of annual return in MS-Excel.
I want to know whether I can Convert the same in PDF format and file with ROC.
As there will be no signatures of any director or CA, whether it will be accepted or should I make the PDF file of the signed Annual Return.

Hi, I was a pension optee ( in lieu of PF as per some 1995 act, it was compulsory) in LIC and resigned last year after 12 years service. I recieved only my contirbution to the Pension/PF and the entire employer's equal contribution was not returned to me. I do not understand the provisions of the act, and what to know if I will ever get the employer's contribution back someday. This seems to be something peculiar to LIC and no one seems to know what exactly is happenning.
Is there any way of getting the money now or as pension after a few years?

Gentlemen,

Please guide me about the following-

A. What is difference between Pivot Table & Pivot Chart?
B. How to build a Pivot Table in Windows XP based MS Excel?

Thanks In advance.

CA Anand U Patankar

Hello,

I would like to know what is the legal validity of the bond on professional working in MNCs'.
For example, Mr. A is working in a MNCs' and has singed a bond not to leave the organization for one year from the date of joining ( and he is IT professional), can MNC file a suit on Mr. A if he leaves his job before completing that period. Again if some amount is mentioned in bond and Mr. A didn't pay that amount while breaching bond, can MNC force him to pay that amount. Please advice.

Dear Sir,
Please clarify that whether the undermentioned transaction is covered under Accounting Standard-18 (Related party Disclosure)

We are "ABC Ltd" an indian co. formed under companies act 1956. We have formed a wholly owned subsidiary "ABC FZE" in Free Zone Entity Dubai.

"ABC FZE" purchase the 49 % shares of "XYZ LLC" a dubai based co & another 51 % shared is held by others.

"ABC Ltd." holding co. of "ABC FZE" sell the goods to "XYZ LLC".

Whether it will be related party transaction for ABC Ltd or not.

To All,
Professional Tax officer ( Karnataka ) wants to show the books of records for the year 2007-08 - (Asessment).we are software -small MNc - and not maintained any salary bonus registers. Is that mandatory to produce the salary Register and Bonus registers or salary statement and documents are enough. Is there any penalty / Proceedings for non availability of books of records. We have detailed monthly salary statements and Bank transfer letter copies. If there is any penalty, what is the maximum amount it will be?.
Please guide me.

Dear All,

I wish to know whether The PERT & CPM Technique can be used for a construction contract involving large infrastructure development. Also is there any standard format for variance analysis as regards to construction contract?

Thanks in advance.

CA Anand U Patankar

Hi,

I which office should I register a Trust in Delhi and what are the documents required to register a Trust.

regards

Sonika