1- M/s A Pvt Ltd wants to distribute dividend to its foreign holding company which hold 99% shares of A pvt Ltd. how cud pvt company dividend and how much reserve sud b created by the company.

2- Can A pvt Ltd distribute 100% of its profit to foreign holding company?

Dear sir,
As per AS-2,freight charges paid on purchase of fabric should include in the cost of purchases(i.e) whatever may incurred to bring the goods to the godown should included in the cost of purchases.
but in my client place,freight charges are grouped under direct expenses..clearship and forwarding under purchase a/c(tally software)..
whether will it reveal the correct value of inventory in balance sheet? becoz direct expenses is not affecting the inventory valuation..
my opinion is,they should group freight charges under purchase a/c..is it right?



Thanks in Adv,
A.Rekha

sir,
pls may i know that Can a Internal Auditor act as a Cost Auditor in the same financial year in a company?

Can anyone send me check list of internal audit of insurance co. or other same.

my id bhutani.pawan07@gmail.com

A partner has taken loan to buy assets(building)& introduced in firm . what entry in books of firm , for repayment of loan by partner.and liabilty and assets introduced in firm. any law about introduction of liabilty by partners in firm

Dear All,

Please clarify the treatment of Security Transaction Tax in Accounts if company invest its extra funds to share market whats the treatment of STT in books of accounts whether the same could be debited to profit and loss account or shown as a current assets.

Please reply ASAP.

Whats the treatment of STT in Income Tax ?

What is DISA and who can do it?

Dear sir,
During Audit,what are the point need to check in dutydrawback,foreign remittance,freight charges,Excise duty paid ??

Thanks in Advance
A.Rekha

Hi all

I wat to know whether a Propreitoship Firm is required to have tax audit i the name of the firm or in the name of the Sole Proprietor?

And if it is optional then what are the implications if the firm is auditted in the name of the sole proprieter in his return.

freight of Raw material capitalise in Raw material....and the freight amount is not gone to purchase register....T.D.S is corrctly deducted
now the valuation of closing stock is included the freight Amt.....
whether this treatment is right???