hello sir

my query regarding borrowing by Private Company has been resolved and said yes.

now i wanted to know that whether any restrictions apply for borrowing in company name because one of my senior CA
has said not to borrow directly by company , instead he has insisted to accept loans by Managing Director and then give it to company from his account.

Please explain it to me. substantiate it under tne provisions of the act sir.

thank you and its urgent please

Dear Sirs,
One of my friends who is a carpenter is planing to set up a carpentry unit by employing some people requested me to prepare a project report for the same to avail Govt Subsidy. I have got some formats from CCI itself. If u have any format specific to the same please let me know.
My question is Whether the project report should be signed by a Chartered Accountant or anyone else? If yes, by whom?

There is a garment Company, which undertook orders from the foreign client.
Based on customer order the company purchase the raw material say No. 10000 mts. but later customer requested to 2000mts and redy to reimburse the balance of 8000mts amount.
The question is How to account the recovered amount from the customer ( Assuming that the unutilised goods of 8000mts is not going to return to customer it is company property)

Can any one help me in this matter.

Thanks & Regards

Abishek Thakur

Sir i requires the changes relating to salary and house property for A.Y 2011-2012.So pls provide the same or give sources.

A COMPANY HAVING i)INTEREST INCOME 5LAC
ii)sales 2lac
iii) profit from aop 100 lac

My question is since profit from AOP is exempted, whether it will be included in the turnover or gross receipt to calculate the limit for tax audit U/S 44AB and in the above circumstances the company is liable to tax audit.

X buy a showroom in mall and Make payment of rs 4000000rs.Out of which is 2000000rs loan from bank.Builder makes gurantee to pay rent after the 18 months period if possession is not given within 18 months. After 18 months X did not get the possession of the property.Then builder paid rent to X @28000 P.m. for 15 months.And x get the possession of the showroom after 33 months. What is the treatment of 15 months rental income? Can he claim deduction of the interest paid under the head income from other source for the interest paid for 15 months?And does it make any difference if he take loan form relative or friend?

how to account stock transfer to branch from head office in tally. Please help me,, i am using tally.Erp

Situation: Company A directly holds 47% in company B and 60 % in Company C.

Company C holds 4% in Company B.

Question- Is A required to consolidate B in its books as per AS 21.

( that is, Does A directly (47%) and indirectly holds more than 50 % of the nomimnal value of equity of B. That is will the holding be 47%+4%= 51% OR, will it be 47%+ (60% of 4%= 2.40%) = 49.40%)

(assume it is purely based on shareholding and no control over the Board of Directors is evidenced)

Please reply

Dear Experts,

i need to provide figures of earnings on fob basis for f.y. 09-10.

to arrived this value i ve taken total exports bill realised during the period 09-10 & i ve deducted foreign freight & insurance from the total exports bill realised during the yr 09-10.

is this correct method?
if not pls let me know what is the right method or formula for the same.

Thanks in advance
Sushil.

According to sec.206c tcs should be collected on forest produce. my query is on subsequent sale whether tcs should be collected or not as on the first sale while purchasing wood for government tcs is collected by govt. but after purchasing when they are resold that should be considered as trading asset according to my view.
so please advice me on the above related matter.
thanks in advance.