my query is if a co. charged excess excise duty than what is liability of that co.

What is the difference between lease agreement & rent agreement.
Since operating lease is as good as rent agreement so why do we call it lease agreement.
whether there is any difference between operating lease agreement & renatl agreement or it is just substitution of words.

I wanted to know Whether i have to pass a resolution (ROC) if any change in EMPLOYEES REMUNERATION / SLAB.

What is "Profession Tax"?
Plz explain indetail or else tell me where i could find complete text on it.
Thanks

Is it true that for assessees who are dealing in shares or any other securities have to submit a special Audit Report or any other special report?
If yes,
Then to whom it ia to be submitted?

DURING THE PROCESS OF AUDITING, IF THERE IS GOODWILL IN THE BALANCESHEET, THEN WHAT ARE THE POINTS TO BE VARIFIED AS AN STATUTARY AUDIT?

even private company have to prepare cash flow statement ?

Dear experts...

Can any one tell how to analyse cashflow statement.i mean how to know weather a company manage the cash well or not with a cashflow statement.

Query:-If I am purchasing some Machinery & pay freight for that machinery Rs.50000/- Is their any liability to deduct TDS from freight payment,& pay service tax, if I capatilize this Expenses?????

hello friendz....
can any one tell me the exact meaning cash base system of accounting?
i think its meaning is when u actually paid expense then record it as expense similarly for income also.
suppose
i purchased materials worth rs 50000 on six month credit from supplier on 1.02.2008.now under cash system of accounting what entry i should pass on 01.02.08?
as i have not paid i cant treat it as expense
n if i dont pass any entry then as on 31.03.2008 my balance sheet will not gice true n fair view.....
plz reply
treat assessee as individual/firm etc.
bcoz co.has to follow sec 209