Dear Experts,
One of my client (Branch of Limited Company) opens a new branch in UP.

Its starts operation from June 2011.But Opens branch from November 2010 however they had not prepared books of accounts for 31 mar 2011.
My querries is that -
1.Is it new branch treated for this year 2011-12?
2. They paid expenditure upto 31 mar 2011 for fixed Assets and also made provision for exp payable for Salary and Rent becaz they hired employees and take office on Rent?
3.Hence Opening Balances shown in opening 1-4 2011.Is it correct.

Kindly provide the important area to be concentrated for CENVAT credit under sec.14aa for auto mobile industry. please specify the area wise attention for input credit, input services & capital goods for availing credit & reversal of credit

Hello,
Misc Expenditure has been brought forward from previous years.
Now as far as my knowledge is concerned, no specific treatment for disclosure is given in Revised Sch VI.

So I needed to know the disclosure requirement as per Revised Sch VI i.e. whether it would be shown in Non Current Assets or Other Current Assets

three firms have been invited by cooperative bank for conducting the statutory audit and asked to give quote.
Three have given quote say 100, 75, 150. the special officer has bargained for 50. two people who have quoted 100 has accepted for 65 and another one who has quoted 150 did not accept for reduction. a person who has quoted 100 has accepted for special offer of 50. all the offers has been openly discussed in the hall in the presence of speical officer, and inspectors of the bank and the auditors. is there any violations of ethics by the person who has accepted so offcer. kindly breif me

Dear Sir,

We Would like to draw your kind attrention on the fact that :

one of our client is engaged in the business of Manufacturing of Brass Scrap And

Our client is Purchase URD Machinery form Some Persons & Payament has been made afterwords for more than 20,000 ?

Is it allowable?

Kindly Reply as early as Possible.

Thanking You In advance.

Dear Sir,

We Would like to draw your kind attrention on the fact that :

one of our client is engaged in the business of Manufacturing of Brass Scrap And

Our client is Purchase URD Machinery form Some Persons & Payament has been made afterwords for more than 20,000 ?

Is it allowable?

Kindly Reply as early as Possible.

Thanking You In advance.

What are the various cost records to be maintained by a construction company?

Dear Sir / Ma'am,

We are a Pvt Ltd. movie production company and we hire various studio's for shoots. Do i need to deduct TDS of 10% or 2% in this situation?

2. Also we do sumtimes shoot outdoors where we stay in hotels, shud i deduct TDS there as well? How much wud tht be? 10% or 2%..

Can anyone please tell me whether the AS-18 is applicable on a non listed COMPANY having less than:

(i) Rs. 2 crores of turnover
(ii)Rs. 3 crores of borrowings

And whether AS-18 disclosures are to be made in notes to account of such company?

pvt ltd co. paid rent every month rs.22500 from last nov-2011 last f.y we did not deduct tds on rent but now this year tds is applicable but our landlord told me he is not liable for tds as per agreement total rent amount 1st apirl 12 to oct 12 rs.157500 , he told me you will be deduct tds after oct or over limit 180000/- is it possible or not?