What accounting entry is to be passed in case of receipt of bonus shares or there would be no accounting entry and only the number of shares would increase?

What will be the maximum difference of days b/w filling & preparing the ITR 6. And Resolution date may be preparing date of return & we can filled this returm after a month

Dear Experts,
we have been paid car premium amount for our site which is under work in progress.
we have paid 700000/- premium amount for first four months.
Entry in books of account for Premium which we have done
ICICI-CAR A/c Dr. 700000/-
To Bank A/c 700000/-
Now we have to recover from contractor on pro-data basis for recovery of premium amount from contractor i have two option one is Debit to Contractor and give credited to ICICI-CAR A/c and second option is transferred to entire amount of premium into Car Preimum a/c(which would be a New Ledger under C.Assets) bcoz we have to recover from party.then do this entry after transferred of entire amount into new ledger.

Contractor A/c Dr
To Car Premium A/c

at the end of year we can easily find out how much money we have to recover or how much premium money we have been recover from contractor.

please guide me what i should do if u have any idea better then this plz reply me.

Thanks
Regards
Ravinder

Dear Experts,

If we taking services from outside the India and service which we are taking outside the india from foreign party is taxable service in india or we have to pay tax on behalf of foreign clients.??

second thing if we are taking same services from india then its under tax such as deduction at source or service tax etc.
then what we have to do

Dear sir my query is as follows:
One of our party taken lower taxtation of rent under section 1941 which cover our name too. We at head office was unaware of agreement between us and party. on reading the same we find that we had a agreement of agency not rent with the same. MY query is

We booked the entry as rent and deduct the tds @ lower rate 1.13% from 1.8.2008 to till oct 08. now in the month of novemeer we from november 08 booked the same under the head commission as per agreement and deduct the tds @ 10.3%. MY question is what we have to do with the earlier payment we made with lower taxtation and under the head rent. and how we can provide the tds certificate .

Dear colleagues!
we have filed the original return manually and when we want to file the revised return for the same assessee through e return method,we were not able to upload it though we made all the changes accordingly (ie, giving manual acknowledgement no etc..The error is detailed as "It is your first return and change the option to original". Is there any other way available to file the e return....?

whether TDS on works contract bill will be deducted @ 2% or 2.266%

I have passed my ca in last Nov. 07 exams (result came in Jan 08).

I am not possessing COP. I am working as an employee in ltd. com.

Whether i have to take minimum CPE hours credit as stipulated by the ICAI. (which shall be taken before end of december 08.

Rohit

Sec2(22)(e) contain topic of substantail interest and pls let me know whether for calculating substantial interest shareholders are taken on aggregate basis or on individual basis in related company ((((For Eg.A (P) Ltd granted loan to B Ltd. and there is common sharehlder in both company in A (P) Ltd there is two shareholder i.e P & Q both have equal shareholding and in B Ltd P have 8% voting power and Q have 7% voting power and there is also some relatives of P and Q who have shaeholding in B Ltd....now for calculating substantial interest both are taken combindly or on individual basis.))))

I purchased a Deep Discount Bond from Sardar Sarova Narmada Nigam Ltd in 1991 in name of my minor child. This is due for redeemption now. If I redeem now I will be paying huge amount of tax. My child will become major in next 3 months. If I wait and do not redeem, I can get the status changed to Major after 3 months. In this case, all earnings will go to my child's name. Due to low income, there will NOT be any taxable amount in child's name. Will I be able to save on my tax liability by pushing the redeemption request by 3 months?