A Ltd owns 80% shares of B Ltd and B Ltd owns 85% shares of C Ltd.
Proposed Dividends of the 3 Companies are:
A 100000
B 60000
C 40000
Parent Companies have included Proposed Dividend of their subsidiary in their Debtors.
What can be the correct treatment for the above situation in Consolidated Financial Statement of the group?
Kindly elaborate upon Analysis of Profit, Minority Intt and Consolidated R&S as well.

The detailed question is in the link below:

http://wikisend.com/download/194604/Test_Financial Reporting _30th Jan_2014.pdf

if indivisual resident is paying taxable salery to other indivisual resident and payer is subject to tax audit in current financial year but was not under tax audit in p/y. wheter he is liable to deduct tds or not?

Pls can anybody tell me



Difference between bonds, debenture and deposits

I am giving my ipcc group 1 the second time. I couldn't make up the total in my last attempt. I am really nervous and afraid this time coz I really worked hatd last time and still couldn't make up and due to this I am not able to give my 100% this tym. please guide me....I need it coz exams are near and I have not covered up much till now

Could you please tell me the treatment for :- dividend from Indian companies carrying on agricultural operations. in set off and carry forward of losses. Thanks in advance :)

Dear Expert,
If a Debtor makes a Cash deposit in my ICICI A/c..What will be the Journal Entry.?

Pls Reply !!!

Thank You.

what is the treatment of prepaid expense in fun flow statement. I have read that it is treated as fictitious asset hence it does not taken into consideration while preparing schedule of changes in working capital. but my doubt is that can we take it as current assets sometimes?

sir,

My father recently expired . He was holding certain debentures and equity share in physical form . pl let me know how to redeem them or get it transferred . I also do not know whether he has registered any nominee.

arun kumar jain

Dear sir, our firm is engaged in sale of maize powder used as cattle feed . Our sister concern have engaged some persons on contract for procurement of raw materials for their firm. These persons on contract have agreed to find the business opportunity for our firm also. We agree to give 10 Paise per Kg of maize sold by information given by these contract persons. Are we liable to deduct TDS if payment to a single person exceeds RS.5000/-?

Hi Experts,

I am starting an E-Commerce company based out of Bangalore for which I am dealing with some other state Vendors eg, Delhi, Maharashtra and Punjab. My query is if I while staying in Bangalore procure products from these other state vendors for re-sale on my site what Tax will be applicable (VAT or CST) or both. If its VAT then which state VAT will be applicable.
Kindly help with your advice

Regards,
Eesha