If a Pvt Ltd company is firmed in 2006 and till the end of 31/03/2008 business is not stared and around 50 lac expenses are for plant and machienry and construction. They also have paid office running and other purchase of raw material & travelling marketing expenses around 20 lac. we can show expenses which for building and plan are in fixed assets but which other expenses are not for capital shows in working capital. my queary is can we show 20 lac as working capital and set off it when business start? or show in preliminery or pre operative expenses and take set off for next 5 years?

Two/Three cars are in the name of Director (personal)and booked in his personal books of accounts, but it is used for staff usages in the office, can we put running and maint expenses in the books of account of the company (pvt ltd.)or do we need to have to make some kind of agreement, director doesn't want to charge any rent or hiring charges from the comapny.

Kindly advise.

Regards.

please advise , can a whole time director of the company take leave along with travel expense once in year and company pay for its travelling cost including air tkt, foreign exchange etc. if it is allowed under which section of ITax act.

thanks

Penalty For Late Filing Of VAT Return has Been Increased from 2000/- To 10000/- from 1.4.2008

Question is Whether this is appliacable for returns filed after 1.4.2008 but pertaining to earlier period or return filed after 1.4.2008 pertaining to periods 1.4.2008 and therafter?

Plz Clarify Since This is Specific Provision For Same?

Respected Experts,

My company has two units in the same city. One is manufacturing unit and is registered under Excise & Service tax act. The Other unit is unregistered and is only exclusively doing job work of heat treatment for its first unit.(1) How can the heat treatment unit get excise duty claim on purchase of its Plant & Machinery and other process inputs received from excisable units? (2) Whether service tax is not applicable on job work invoices issued to its manufacturing unit, though exceeding the limits? What should be the best course of action.

Regards,

Dear Experts,
Right now i am working with small construction Company and soon i am going to join a big company in real estate / construction as project accountant. now i need a book over consturction Accounts or accounting because before join i want to study a complete over view in construction accounting because first impression is last impression so please giude me i need your support & help.

Thanks
Ravinder

When Form 23B is required to be filed.

Sir,

My query is can we adjust the ROC related expenses to raise the share capital against the Share premium account.

Where the entire raised share capital was issued immediately.

If so Sec.78 usage of Security premium is questionable?

hello everybody,
i want 2 know about that whether any TDS is charged on deemed dividend. I have read it but right now i am not getting it.

if some one know the section no. , rate, and provision in brief please tell me i am in urgent need.

The notifications and amendments applicable to nov 2008 PCC.