what is dividend stripping? Please tell me in detail.

Dear Experts.

How do we consider closing stock in works contract entity. Especially they did work & bills sumbitted to department,but the payament will relase next financial year. Mainly we considering the turnover on form 16A which given by the department for the financial year.Pending bills they will not include in form 16A because payment were not made on that. whether its correct.& remaining bills sumbitted we consider as closing stock. but books are maintaing under mercantile system. kindly advice me whether we have to declare pending bills to be turn over for that year.

What should be the basis for allocation of pre-operative expenses at the time of first time capitalisation.

1. Total expenses incurred on accrual basis
2. Cash expenses incurred (total exp-creditors)
3. Total expenses+allocated interest on term loan taken for the purpose of capital expenses
4. Any other basis if any.

A co. has received a bill of professional fee of Rs.200000 and TDS is to be deducted @10% i.e. Rs.20000 and balance payment is to be made for Rs.180000.
I have made following entry:-
Professional fee Dr.200000
To TDS payable 20000
To Party 180000
whether this entry is wrong?

X takes a shop with rent @ Rs. 25000 per month from Landlord Y on 1-4-2011.

X takes a loan of Rs.5 Lacs from Landlord Y @ 18% pa. Also the monthly rent of Rs. 25000 is to be credited to the Loan account.

My question is

How will be the Interest calculated fro period of 1-4-2011 to 31-3-2012?

1. Whether 18% annual Interest on Rs. 500000 and 1.5% monthly Interest on Rs. 25000 per month ?

OR

2. Whether 1.5% monthy Interest on Monthly Loan a/c Balance ?

OR

Any other Way

Please Guide.

Helo everyone...
Can anyone help me in providing the complete procedure for changing the name and main object of a private limited company??

Respected Members

I am into my transport business and own 3 Heavy Motor Vehicles ( Trucks ).I want to know that can I show Net profit of 6 Lakhs in my Balance sheet and still file the Income Tax Returns u/s 44 AE @ 5000/- Per Trucks per Month.

Please solve my Quiries by giving some refrences of case studies if possible.
Thanks in advance.

Hemant Sureka

Is it Possible to take the credit of Service Tax with the Excise Duty Payble?
If Yes, Please Provide Full Details????

Hi Members,

Recently i have filed form for change in entire business line of the Company and name of the Company which is in consonance with proposed main objects.

i have received query from the ROC stating:

As per guidelines issued by MCA u/s 21 of the Companies Act, 1956, (quoted under commentary given in the book written by Ramaiya under the said section) the name of the company can be changed to reflect new activity only if the company has already generated income from new activity through the "other objects" of the MOA.

is it so?

or do i have some other alternatives.

a company have 1000 shares of 10each & EAT 200,000/- so EPS = 200000/1000 i.e. 200,& its p/e ratio 10, so MPS =200*10 i.e 2000,

if company issue bonus share in the ratio 1:1 then????

A)market price per share will change & P/E ratio remain same

OR

B)market price remain same & P/E ratio will change


urgent!