If the carrying amount as on 31.03.2014 is less than 5% of original cost, should we adjust the difference with the opening balance of retaied earnings or take the asset at the residual vaule of 5% of orinal cost as o 31.03.2015?
what is the treatment with explanation?
Example
Original cost of asset - Rs 1000
Carrying Cost as on 31.03.2014- Rs48
Useful life of asset sch II- 10 years
Purchase date of assset - 1.3.2000
Residual value- 5%1000 = Rs.50

what is the treatment??

what should be the time limit for appointment of auditor in case first financial year ends on 31 march 2015 and consist of 13 months i.e. company incorporated in march 2014.

Dear Sir, I am trying to update DSC of one of my clients. But after typing the Mother's maiden name, following error occurs: "Errors Details provided do not correspond to the DIN/DPIN. Please ensure that the entered details are as per the DIN/DPIN application.You may contact the company/LLP wherein you are a director/Designated Partner/Authorised Representative in case you do not have your DIN/DPIN application details. " Please help.

what is time limit of receive subscription money by private limited company?
please if know give applicable section also

Any Expert,
Plese let me know the complete formalities briefly, of filing e return of co.s at Income Tax. Pls. also let me know the formalities of ROC (necessary prescribed forms ) and any other procedure for the cos. accounts.

We have uploaded FormFTE with ROC in February 2015.

Some days back we received the mail form marked pending for user clarification with the following errors:
1. I/Bond and Affidavit not notarised
2. ID & Add Proof for Directors not attached.

Now, my query is should i get the I/Bond and Affidavit filed only notarised or i should prepare and noratise new I/Bond and Affidavit

Please reply ASAP.

Thank You in Advance.

Dear Experts, As most of you must be aware, MCA website has been revamped and now Company Login and Form Filing has been changed from LLP login and Form Filing. I am trying to upload LLP Form 2 in the new LLP login and facing the error "Please attach DSC for Designated Partner". The LLP has two designated partner and I am trying to upload the form using DSC of one of the partners. Please note that I have already registered the DSC on MCA website as Designated Partner still the said error is coming. Requesting all the experts to reply to this query on an urgent basis. Thanks in advance.

As per MOA of a Pvt. Ltd. Co. name of the subscribers are;
Mr. X holds 200 shares
Mr. Y holds 100 shares
Mr. Z holds 100 shares

Latter Mr. X transferred his shares in the name of his Friend Mr. F 50 shares and daughter Mrs. D 150 shares.

In MGT-9
Share Holding Pattern – Category-wise Share Holding
A. Promoters – Indian - Individual
B. Public – Non-Institutions – Individuals shareholders holing nominal share capital up to Rs. 1 lakh

Now the question is that, in which part of MGT-9 the shares of Mr. F and Mrs. D to be shown? No. A or No. B?

A COMPANY IS CONVERTED IN TO LLP SO WILL I GET THE SAME NAME AS THE COMPANY HAS BEFORE IT CONVERT INTO LLP

Do the directors need to mention their DIN & address while signing financial statement?

What are the adverse effect if directors mention only their names while signing the financial statement??