For a Pvt Ltd Co, is there any FIxed Asset Register Format.

Please mail to maheshkulkarni29@gmail.com
& thanks in advance

Hi Frnds,

Actually I'm on an Audit of a company.
This Company Sale goods to its clients & pay transport cost on behalf of its client & then raises a Debit note on its Client to Reimbursh the Transport cost incurred on behalf of them.

So My Querry is as under:-
1)As transport is a type of Contract which falls u/s 194C. So wheather its the liability of the selling Company to deduct TDS on Transport Cost @2.06% or it is the Duty of the Purchasing company to Deduct TDS.
2) The Accountant of the Company is saying that we are not responsible for deducting TDS as it is not actually there EXP. as they are reimburshing this EXP from Client.
3) So please tell me how to deal with this situation.

Hi frnds
Will the debit balance of the Director's account(not in the nature of loan) in a listed company's books amount to "Loan given to Director" ?
Also is there any disclosure requirement as per statutes?

SIR YESSTERDAY YOU HAVE ANSWRED MY QUERY
"WHETHER SEC 44AB APPLICABLE OR NOT" SIR PL TELL ME IN WHICH CATEGORY I STANDS ,WHETHER IN INVESTOR CLASS, PERSONAL CAPACITY WHERE 44AB IS NOT APPLICABLE OR IN BUSINESS WHERE 44AB IS APPLICABLE "

sir, i have 1000 shares of satyam computers @rs 500 means total delivery in my account is rs 5 lacs. if i sold 1000 shares at higher rate say 520 and then recover at 500 then total sales in my account is 520000. if same entry repeated means sold at higher rate and recover at low prices then after repeating 8 times my total sales exceeds 40 lacs but my intial totol investments only 5lacs. i have only repeated the entry . whether i falls under sec 44AB for tax audit or not

sir, i am dealing in purchase and sales of shares on delivery basis. if my sales exceeds 40 lacs then i have to audit. we have received three statements from our broker 1) contract notes 2)profit&loss account 3)ledger . by providing all these statements to my CA, audit will be possible or not. whether i have to maintain any accounts in addition to providing all the above statements or there is no need of it.

a proprietorship firm was under tax audit u/s 44AB (because his net profit was below 8% of turnover under costruction business {u/s 44AD}) in the previous year. whether it compulsory for him to deduct tds this year

audit of vouching is compulsory n every firm

Dear Friends,

Pls.tell me whether interest paid on late payment of TDS,VAT,Service TAx,or any others statutary dues, which is allowable expenses as per income tax act.? & under what section it is mentioned is it allowable or not?

Pls.reply my queries.

Regards,
Prakash Jasani

email id: prakashjasani_56@rediffmail.com

after making provision entry it is necessary to reverse