Pls tell me on Cement Purchase
Payment of Excise and also Freight Charges
When we received a Credit note of Freight Charge,what we have to take that credit in our book of account ?
If this Credit Refundable or not ?
& what about credit note given by seller ?
pls help me in this confusion.
thanks for your advise

Pls tell me Sir/s
When we are Paying 12.5% of VAT in Such Items of Machinery
where we are only take 11% of Tax Credit or not ?
Pls tell me in that matter
waiting for reply
thanks

In Lumpsum Payment,where the Payment of 0.5% on Sales we have to take total amount of Purchase including VAT & Add.VAT ?
if yes we can not take VAT & Add.VAT to Balance Sheet ?????
Pls reply me
Thanks

Suppose A Pvt Ltd holds say 50% of shares in B Pvt Ltd. Since holding of A Pvt ltd is not more than 50% it cannot become the holding company of B Pvt ltd u/s 4 of the companies act. So how can it become the holding company by having the management control because since share holding is insufficient how one can take control on the board especially when there are only 2 shareholders involved i.e. in the present case A Pvt Ltd holds 50% & say C Pvt Ltd holds 50% share capital of B Pvt Ltd then if A pvt Ltd wants to have holding status of B then how can it acquire management control.

Thanks in advance

The main business of the company is making members by accepting subsciption under any sheme of Rs. 5000,or 10000 or 150000 against which one suitlength (One Pent Pc.) say of Rs. 250 is given by the Co.and instruct them to prepare down chain link of three member under them. Co. gives commission to initial member and further commission when down chain link is completed by initial members.
My Questions are :
1.Whether the nature of activity being carried out is legal or contravenes any statutory laws in India. As according to me this is neither trading nor any service providing activity.
2. If it is legal, what should be the Object in the memorandum of assocation ?
3. What should be the appropriate accounting treatment for such transactions ?
4. How the huge amount of profit earned by the Company is absorbed ?
Pl. guide us on the above mentioned matters.
Thnaking You.
Mukesh Tiwari.

1. Sir what is the penalty under companies act for not disclosing the shareholder details to ROC?
2. Is there any provision under the income tax act requiring to disclose the details of shareholders for every financial year?
3. Can shares be allotted for cash by a company? If yes is there any limit upto which shares can be allotted for cash?

A company has capital and reserves of approximately 70 lakhs, shareholder interest free loan 2.5 crores and loan to other concern where shareholder interested is Rs.55 lakhs. Whether section 2(22)(e) is applicable for the same.
if teh interested shareholders are having more than 20% voting rights- what will be the situation.
and if te shareholders are having less than 10% how do we analyse it.
REquest for reply ASAP
Thank You Sir, if teh said query can be modified so as to:
If teh company has during teh year unsecured loan of say 5 lacs and loans and advances of RS.15 lacs, carry forward from last 2 years. These are from directors who also hv their own proprietory concern, can it be said that teh net loans and advances Rs.10 lacs is deemed dividend. The shareholding of such directors is less than 20% in teh company. Please reply ASAP

what is time limit to submit VAT Audit report for the financial 2006-2007, 2007-2008 and 2008-2009. And where to submit the same

This is urgent.

Pls reply

can someone tell me whether a gift from chacha /chachi/bua/phupaji
or mama/mami/mausi/mausaji
or bhatija
or bhanja
or brother in law saala
or father in law
or mother in law
or husband
or sister in law bhabhi is exempted. i know that it is exempted from brother, sister, father, son and grand father.

why it is called a fixed asset and diff bw fixed and floating asset