why preference shares can't be redeemed when they are partly paid up.why we have to convert first into fully paid up and then redeemed it.whats the logic behind that?

I wish to score rank in ca final. I am not prepared enough to score it this may. Is it feasible to drop may attempt n target nov so that i can b prepared enough to my satisfaction ?

Hi

Please tell me while preparing the cash flows statement, does we have take into consideration the liabilities without giving the effect of forex reinstatement, i.e. for an example i have taken an loan of 1 Million USD and when loan was taken 1USD = 45INR and at the time of year ending 1USD = 54INR, now the liability will appear in financials at reinstated figure of INR 54 Million, so while calculating cash flows, liability has to be taken at 54 Million or 45 Million, i.e. liability should be taken at reinstated figure or without reinstatement of foreingn fluctuation.

Dear Sir,
We have unexpired forward contracts which were entered in Feb-13 and have different expiry date ranging from June to Sep-13. For purpose of accounting, we need forward rates as on 31.03.13 of forward of said periods.
Banker says they can not have access to historical data. Then can anyone help how to obtain forward rate as the same is required for valuation of forward contract and then to account accordingly in books of accounts.
Thanking you.

Hello:

Is it true that the Union Budget proposals for the FY 13-14 are not yet finalized, and that these will be done only by the end of May 2013?

My query specifically pertains to the following areas...

1. Transport allowance (which is presently Rs 800/month)

2. Child education allowance (Rs 100/month per child...max of 2 children)

3. Medical reimbursement....Rs 1250 per month=Rs 15000 (upto Rs 15000)

Is it true that the proposals with respect to these are not yet in place?

feedback on this would be highly appreciated ASAP

thank you very much

sir can i take exemption from sip training on basis of op of ipcc? i has passed executive in dec 2012

My mother is a defence family pensioner and recently she received arrears of pay for the period my father was in service and the TDS was deducted on the same. As the arrears is now received by my mother whose total income is within taxable limits i would like to know how she can get refund of the TDS deducted

Hi,

As we all know after completion of Project we transfer cost from CWIP to Respective Asset head.

what if before completion of that project I sale it from CWIP?

will it consider as Normal Sale?
or
Sale of Fixed Assets

Can anyone tell me exact accounting treatment for this?

Thank you.

Three Partners constituted a firm and get registered itself under Limited Liability Partnership Act in April 2012. Upto last month i.e March, 2013 the firm had 19 employees including 3 partners. 4 (Four) new employees are admitted in April 2013. Average salary of all the employees including partners is Rs. 15000/- p.m.. All the emplyees are not interested voluntarily to become the member of the EPF.

Now the questions are

1) whether the firm is liable to get itself registered under Emplyees Provident Fund Act or not ?

2) Whether the said three partners are also to be trated as employees of the concerned LLP and get themselves registered as members of EPF?

My boss who is pensioner and having interest income has remitted advance tax of 50,000/- during 2010-11 through bank challan. The said amount is not appearing in his form 26AS till date. please let me know the procedure for getting the said amount to his credit.