In the year 2010-11 and 11-12 i have not adjusted cst with ITC (at the time was suffcient ITC availbale) how how i can adjust cst pending amount with ITC please advice.
Thanks and regards

is there any formula or Rate or any other provisions for calculating security premium on fresh alloted equity shares in the case of pvt. ltd co.?

A person has small proprietorship business. He has following details:-
Capital............20000
Profit...............60000
Total...............80000
Cash.............30000
Current A/c...25000
Bank..............25000
Total.............80000
The current account is nothing but the amount withdrawn for personal use. This account is to be adjusted against capital after transferring profit to capital on 31st march as follows:-
Profilt and loss Dr...............60000
To capital.................................................60000
Capital A/c Dr...........................25000
To Current account.....................................25000
Closing capital=20000+60000-25000=55000
My query is:-
In Balance sheet part how much capital is to be shown Rs.20000 or Rs.55000??
Profit of Rs.60000 to be shown in reserves and surplus or to be shown after adjusting into capital?

If someone completed 2 yr of articlship. now he wants to do industrial training. but problem is this that how he will be able to know where is industrial vacancy exist so he can apply .please suggest the way or source for getting vacancy alert of ca industrial training.

Dear Sir,

If Authorized & Paid up capital of Private Limited company 40 lacs and company enjoy limit of 12 crore with bank, now bank insist to increase the capital up to 4 crore. my question is can we issue preference share for 12 years lock in period instead of increase equity share capital. it is allowable and bank can accept or not.

DEAR EXPERTS

PLEASE GUIDE THAT SERVICE CHARGE APPLICABLE ON ADVOCATE FEES PAID BY COMPANY, THE INITIAL EXEMPTION LIMIT IS AVAILABLE IN THIS CASE OF 10 LACS AS WE ARE NOT HAVING ANY TAXABLE INCOME FOR SERVICE TAX

IF APPLICABLE WE WILL PAID/ PROVIDES THE FEES OF ADVOCATE IN SEPTEMBER, AND WE ARE NOT REGISTERED WITH SERVICE TAX DEPT. CAN WE REGISTERED WITH DEPARTMENT AFTER SAY IN OCTOMBER

Dear Sir,

If Authorized & Paid up capital of Private Limited company 40 lacs and company enjoy limit of 12 crore with bank, now bank insist to increase the capital up to 4 crore. my question is can we issue preference share for 12 years lock in period instead of increase equity share capital. it is allowable and bank can accept or not.

Dear sir
What is the difference between concurrent auditing and internal auditing...... can anybody do concurrent audit like internal auditing...... or is there any qualification is required.....
Thanks in advance

i am a student from nepal. can i do my articleship from nepal? will it be valid if i do my articleship under ca having membership under icai but working in nepal?

A private limited Company was Assessed in Financial Year 2012-13 for the financial year 2010-11 against a certain amount of Profit. After assessment, the company received a demand letter from the authorities with Rs. 1900 Interest Demand and Rs. 300 as Income Tax demand. Now, this payment was made in the year 2012-13. The Entry passed at the time of payment was: Income Tax Demand (FY 2010-11) A/c Dr. 300.00 Interest Account (Exception Item) A/c Dr. 1900 To Bank Account Rs. 2200.00 The related queries are: 1. What is the treatment of Income Tax Demand (FY 2010-11) A/c in the Financial Statements of the Current Year i.e. under which head of Profit and Loss account. 2. For computing the current tax of the company, is the interest paid, an allowable expense? 3. If not, where and how to reflect the entry of interest paid? 4. Is the same to be taken as a prior period item? Please help.

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