A public LTD Co.has bad & doubtfull debt of Rs. 1 crore.But company is ready to make provision for Bad & Doubtfull debt for Rs.15 Lakhs only. what are the consequenses of such case.

Respected Sir,

I had Paid Advance against Machinery on 30th Sep 2007

Machinery received on 13th Nov 2007 (Bill of Leading Date 13th Nov 2007)

Balance Payment made on 15th Nov 2007

Which Date foreign Exchange rate I have to apply As per Accounting Standard 11


With best regards,

Vilas

Whether a chartered accountant in practice in his individual name i.e.not in the name of proprietorship firm,can conduct bank audit. Whether he is eligible to apply in MEF.

How to comply quorum requirement to appoint a director in a pvt.co when one of the two directors dies

How to comply quorum requirement to appoint a director in a pvt.co when one of the two directors

a contractor is executing different works against a number of work orders whose face value or less than 20000 rs.wheter tds will be deducted by taking all works order togather or indivisual work order will be taken in consideration u/s 194c and no tax will be deducted.

Recently I attended a work shop at CA Institute where the speaker had mentioned in his one of his power point slides that -


It is better to Soft close once in a month and Hard Close once in a quarter to get periodic insight into the performance of the company.


Please let me know what is Hard close and Soft close?


Please DONT reply based on guess work.


Thanks

oftenly fixed asset namell plant and machinery recieved back in following condition.
1.after compliting fair life
2.repiar and replacment
3.renovation
4.burnand damaged.
5.other not specified
the assets thus not in use will be accounted for on WDV IN stock or in other books of account.

during financialyear 06-07 TDS was calculatedu/s 194c@2.24 instead of 2.244 thus short deduction pointed out by audit.whether difference can be deposited at this moment.Arethere any penality?
one party in above matter has been assesed by incometaxauthority and received refund, at this stagededuction of short TDS is logical?
.

I want to know TDS rates for current FY 2008-09 & new chart of TDS.

And also tell me How many Types of TDS exists now.

Thanks