Why is it that P & L is called P & L account - a "Account"

and

Balance sheet - a "Sheet"?

Why not vce versa?

Thanks

Anil.

Dear Members,

What is the procedure of coverting non voting shares of a private limited company into shares with voting rights.
please let me know the detailed procedure.

What is the procedure for getting service tax refund for builders as per Circular No.108/02/2009 of Central Board of Excise and Customs?

Dear All,

One of my client is importing from china and hongkong, on which he has to pay custom duty in all 36 %. Further when he sold imported items in domestic market, he has to pay 12.5% VAT. Is there any set off available to against custom duty or vat.?

Pls give if is there any circular from custom department.

Thanks.

any study notes of corporate accounting/advance accounting

hi all of u
hope that u all r doing well.
i want to ask that my client has sent me my Form 16A without my PAN for F.Y. 2007-08. The column of PAN is Blank. Can i Claim it.
Thanks in advance

Mukesh Kumar

To All,
repected sir,

Due date for mar 09 tds deposit(except 31st mar accrual entries) is on 07th april 09, but there is bank holiday (mahavir jayanti).

My query is can I deposit it on 08th April 09 without interest ?,

Pls reply me urgently

thanks

Is P.F. deduction of employees above Rs.6500/- is compulsory for the Partnership Firm.

An Assessee has total tax liability of Rs.49,00,000/- & due date of filing return is 30.09.2008. He files return on 30.09.2008 & pays 90% of tax on the same date.
He proposes to pay balance 10% of tax now i.e.in April'09.
Whether interest u/s 234A is applicable?
If yes, then on what amount i.e.on Rs.49,00,000/- or on remaining tax liability of 10%?

An Assessee has total tax liability of Rs.49,00,000/- & due date of filing return is 30.09.2008. He files return on 30.09.2008 & pays 90% of tax on the same date.
He proposes to pay balance 10% of tax now i.e.in April'09.
Whether interest u/s 234A is applicable?
If yes, then on what amount i.e.on Rs.49,00,000/- or on remaining tax liability of 10%?