Hi All,

Please provide me some feedback on treating Work in progress.

A software company subsidiary of foreign company (100% foreign share holding) got incorporated in October and started operations in November. Till year ending March 2009 there has been no billing to parent because the software development (project development) has not been completed. During finalization of accounts can we treat the expneses incurred as Work in progress?

Share capital amount has been utilized for the expenses from october till March.

thanks,
harsha

Dear Experts,

Can a company redeem preference shares out of proceeds of fresh issue.

If yes, then please send me the procedure for doing so.

thanks in advance.

Priyanka

Dear Sir

ABC is a private limited company holding 97% shares of a public limited company. In other words the public limited company is a subsidiary of the private limited company.

Can the public limited company avail loan from its shareholder / holding company which is a private limited company.

with regards

Muralidharan

Is Audited IT returns filing required for a propreitor concern having turnover below 15 lakhs? Can he file directly with neccessary papers without auditors certification?

Dear All,

Kindly let me know the legal formalities for transfer of shares of a private limited company in India.

WHAT IS THE PROCEDURE FOR APPLICATION OF LOWER TDS AND GENERALLY HOW MUCH TIME IT WILL TAKE

THERE ARE INTERSTATE PURCHASES AGAINST C FORMS FOR PURCHASE OF INPUT AND FIXED ASSETS . THESE TRASACTIONS HAVE BEEN DULY RECORDED IN THE BOOK. TURNOVER OF THESE HAVE NOT BEEN RECORDED IN SALES TAX RETURNS AND VAT AUDIT. CAN I APPLY FOR C FORMS FOR SUCH TRANSACTIONS .

is sec40A(3)also apply for fixed assets either depriciable or not. Thank you

i want to ask that if a pvt ltd company is involved in construction of buildings n appartments after purchasing lands.....so the cost when recognised for the year will be including the whole cost paid for land or proportionately to the % of work completed what is the general practice....???urgent

sir
can you tell me by which date the result of verification will be declared
bCoz the next attemt is also 2 months far
so if ICAI will take time as always than the recheking will be worthless !

plz help me out