i will pass the jv for the sundry bal.written off then profit will increase what is the another way the ledger amount is 210000. if i pay to the creditors on voucher is it possible?

I just want to ask three questions, regarding the unlisted limited company:-

1) First of all, Whether any antique Sculptures bought for the decoration in the office can be shown under Furniture or not???

2) Secondly, if there is any increase in the market value of that sculptures(shown under Fixed Assets in the books), then can we revalue that asset? If yes, then what is the full procedures of Creating revaluation reserves?
3) And Lastly, What effect would be on the

Dear Sir,

purchase price of my plant & machinery is Rs.100000/- bookvalue of it is Rs.60000/- and sale value of it is Rs.120000/- then RS.20000/- capital profit where i can transfer in case of Individual?????? reserve & surplus are not in the balancesheet then where I transfer it??????

Form 23AC-XBRL requires all listed companies to attach Corporate Governance Report, Management analysis and discussion report.

If the same is not attached, the form can not be uploaded.

The paid up capital of the listed co. under question is less than 3 crores. Also, the networth of the company has never been greater than or equal to 25 crores. Hence, the above reports need not be prepared (applicability of clause 49 of lisitng agreement)

How do i upload form 23ac-xbrl without the above mentioned reports ?

Dear all,

I am working in a private company. they wanna change their objective clause. As I know Form 23 is required to be filled. But I do not know fees for fillin this form. Please let me know whats is the fees for the same.


Regards
CA. Nidhi Agrawal

I have a Quarterly Vat Return paying company for the year 2011-12. It has got vat liability in the first quarter, nil liab. in second quarter, again vat liab. in third quarter and some refund in the fourth quarter. No payment after this have been made yet. So, what should be the period for which interest is to be calculated for the first quarter and third quarter?

Can a company have more than 1 Managing Director?

Dear Sirs:

I buy/sell shares on NSE frequently. At times I buy a share on T1 and sell it on T2. All trades are delivery based and all shares are duly credited and debited in my DP A/c.All trades are STT charged. Can the I.T. claim that I cannot take these trades as “ Short Term Capital Gains” just because they are (a) done in volumes (b) they are held for a short period ? I do not do day-trading or F & O trades. All shares are delivered and credited to my depository and subsequently debited. I have no business income or salary income.

(1) i have a 3 cars and i am the partner of firm.Can i claim depreciation for all 3 cars?


(2)how much income i earned from firm to claim depreciation? Is there any provision for that? Please tell me.
for Ex. : my income from firm is Rs. 10000.
can i clai for depreciation for Rs. 40000

what is the tax impact on a shareholder incase of buyback of shares. is dividend more beneficial or buyback of shares.

Thank you in advance.