There are 2 partner in a firm.One partner is shown as sleeping partner for the last 3 years.can this year remuneration to partners can be divided between sleeping partner and working partner by showing sleeping partner as working partner?

Can a private limited company established in India,allowed to borrow funds as a loan from any person or unrelated party?

Dear Sir

One of the our client is received a bill Rs 21,000/- and he paid Rs 18,900 in cash and deduct Tds Rs 2100 its allowed as per income tax or not


Thanks

Hi ,

Whether company acquires certain fixed assets at free of cost , can be recorded in Books of accounts?? There is no consideration for this acquisition. Company is using the assets to get the economic benefits flow to the enterprise.

Hello Sir,
How to calculate gratutiy deduction if a person is getting prefessional fees u/s 194J

Please tell me if I registered for articleship in June 2012 and for final in December 2012 which attempt I will get?

What is The proper Meaning of Abridged Prospectus?.

I received advance of Rs.60000 from customer for purchase of materials. But latter on, the transaction was cancelled so now can I refund Rs.60000 in cash to him? Is there applicability of Sec. 40A of income tax?

Purchase of Mobile phone and Music System can be accounted as Fixed Assets?

Dear Sir,

I am under going articleship for last 6 month following are the drawbacks and merits that i see. Please Suggest whether i should opt for transfer or not

Demerits :
1. Limited Exposure to making a Balance sheet and Audit Exposure.

2. Seniors that has been here are not able to file return, work on tds matter or other company matter till now. they are only Involved in FORMATTING BALANCESHEET of the Previous year to current year,

3. If Ask for a Holiday.. Rest is History..

Merits :
1. doing the same work again and again.. Less chance of error :)

Please Advice whether to switch to other firm and Specifically....SPECIFICALLY..
What all I should have the knowledge of as soon as i complete the articleship.. PLEASE Elborate.. !!