Surcharge is applicable for the company when total income cross 1 crore.This total income is net taxable income after deduction or profit as per P/L Account?
Please guide......

Kindly recommend me best reference books for ca final new course for Corporate & Allied laws, Audit

if wrong return of allotment has been filed how to rectify the mistake.
and what will be the consequesnces

Company X is having 1 lac equity shares on Dec.2007. Company has issued 20,000 shares @ Rs.100 each. Market price at that time was Rs.150 each. What will be the Basic EPS & diluted EPS as per AS-20 ?

CASE I : Mr. X received a certain income fom Mr. Y.
The payment was made without deducting TDS.
In the next Assessment year Mr. Y realised the TDS amount from Mr. X, on the ground that by mistake he has not deducted TDS at the time of payment. The tax was deposited by Mr. Y on the recovery of TDS amount from Mr. X on the same date.
How Mr. X will take credit of this TDS amount in the year of deduction?
Also, what will be the treatment in the hands of Mr. Y?
Will the benefit of this can be taken by any of the party?
CASE II : What will be the solution in the above case if the TDS is not recovered from Mr. X but paid by Mr. Y himself?

What is tds applicability (194C or 194I) in respect of payment for hiring or chartering of helicoptor?

Hi I am yet to clear my final exams. For three years i have not appeared for the exams. Would like to appear in Nov'08 exams under old sylabus. Could any one give me the list of best books to follow for Group-2..Thanks.

Hi !
First I want to thanks this website owners for a wonderful resources...Plus lots of friendly helps and replies am getting for solving our accounting problems...Keep it up buddy !
Suggestion: If a notification system is added when a reply is made through email,will be very nice.

Question:-

1) A company has used some of its own stock for its own company use..Like someone dealing in Motor Cycle spares, and used some spares for company Motor Bike !
How should this entry be entered in Tally ?

- Currently, am using STOCK INVENTORY Voucher from the GATEAWAY OF TALLY,deducting the stock plus entering the value...Is that correct ?
Doesnt it effect sales or other things ?

There was a Unfix Purchase of Gold Bar in March of last year, now the creditor produce the invoice in current year 2008-09 for the above unfix purcahse. So what is the Accounting and Tax Treatment.

Can an indian Pvt. limited JV company raise unsecured loan from his promoter foreign company, if yes whats the limit and what is the procedure to obtain unsecured loan.


Regards

Preeti