a Pvt.LTD co. whose business as per MOA is to hire and purchase assets it makes a transaction in the comodity market in the nature of intra day transaction and makes profit therefrom and disclosed it as other income in their P/L Ac.
it is to be noted that no approval yet has been taken ofthe BOD but that will be obtained.

plz guide whether the transaction is valid and whether the treatment thereon done is valid or not

If there is a amalgmation or merger, And liquidating co alreadily have G/w as per AS-26 (Deliberate G/w), further liquidating co also have Capital reserve then
1.can v adjest this G/w and capital reserve against one another?
2. G/w rised thou amalagamation as per AS-14,now there are two G/w in the new amalgmated co.(one as per AS-26 & another as per AS-14), out of both which G/w can be adjest against capital reserve?

Loan given to a company by its director's father(Say X) few years ago..
In the year 2005, X died.
No legal hier of X has claimed the amount due to company till date.
please suggest me the appropriate treatment for the same.

We have purchase a capital (wiz. computer, furniture etc.) in consessional rate.

Please advice what amount to be considered for calculating Depreciation (either co. act or IT Act)

for Example if we purchased a 2nd hand Car (WDV Rs. 250000/-) in Rs. 100000/-.
What will be the amount consider for Dep. As if we consider the WDV value and rest in Discount account it may caulse to increase profit.


Please Advise.

Thanks

Rajesh

A hardware retailer, turnover not exceeding 40 lakhs. The income to be considered is 5% Of the turnover.

If yes

Is he required to furnish P/L A/c & B/S?

I have forgotten the username and password in the tally. kindly give me the procedure to recovery the password. Even in msword and msexcel.

What is the procedure of TDS - 1) Deducting 2)Depositing 3) Return filing 4) claiming refund.

Who issue TDS Certificate? If tds certificate is issued by deductor (e.g. employer in case of salaries) What we receive as authentication of depositing of return / challan from income tax dept.

Which is the prescribed return & challan for filling TDS return & challan.

What is the procedure of TDS - 1) Deducting 2)Depositing 3) Return filing 4) claiming refund.

Who issue TDS Certificate? If tds certificate is issued by deductor (e.g. employer in case of salaries) What we receive as authentication of depositing of return / challan from income tax dept.

Which is the prescribed return & challan for filling TDS return & challan.

what will be the rate of education cess on the services provided in March 2007 & April 2007 & service tax is charged on it?
plz reply urgently

i want to ask that as regards to gratuity provision,whether that fund has to bemanaged and if not managed through approved organisation etc..then whether any penalty is payable? what are the relevant provisions for the same??