please say if i want to prepair a general balance sheet ,p&l ac in what ratio should the Grossprofit & net proft calculated
or formula because clients doesnot say their actual profit for incometax

If the directors of the Private Limited Company at the time of starting the Company, taken personal loans for the purpose of starting the company. How should it be treated in Accounts of the company?

Dear Sir,

I would like to know whether Hsg Loan repayment in part is eligible to get deduction u/s 80C in each year of repayment. For e.g. out of O/s Hsg Loan of Rs 2 Lacs, if i pay 50000 before Mar'09, another 50000 before Mar'10 & so on then i can get deduction in all 3 years? is there any reference material where we can find this?

Can a principal extend articleship of his article trainee after completion of his 3 year period, even when there are no excess leaves??

is there any period in which articleship extension form has to be submitted to the institute??

hello

my friend working in audit firm from 3 years after b.com, he registered for cpt and taking this june exam.my question is after completing ipcc which he has to 3 years of articles which he can get exemption. one girl has worked 2 years in audit firm later she registered for cpt,she cleared her cpt on june 08 and she got exemption of articles and icai gave her permission to write her inter nov 08.so i seen in prospectors also they have mention article or audit assist for pcc.can any one tell me will get exemption for articles......

if a company pays excise duty over its purchase but there is no output tax applicable neither is it an EOU so can such a comp avail Excise credit,,,.?? or is there any provision that excies credit shown in books as receivable is to be utilized within a specified time frame....???

If an employee receives Rs.50000 on his marriage from his employer, is there any provision to tax this amount. If so in which head, salary or income from other source???

What is corporate governance? Plez Clerify.

What is input credit on service tax & CENVAT Credit?

Please tell me about TDS to be deducated on CHA bills.
As some concern deducation under section 194C and some 194J.
However the CHA containg that as they working as a contractor and therefore TDS should be deducation under section 194C.

If a CHA fall under 194J ? if yes ,any case law board clearification is there ?