in case a companys accumlated losses is more than 50% of its net worth and the company has not taken any loan from any bank or financial institution, then what is the requirement as for as the caro is concerned.

I M APPEARING 4 CA FINAL IN NOV-07 PLZ HELP ME ABOUT AAS 35 AND SEND ME DETAIL AND GIST OF IT AT MY MAIL kapoordharmendra@gmail.com

Dear Sir,

as all of us know that rental services are came under the provisions of service tax.

My query is that what happened if any assessee already raised the bill of rent to their client and registration of service tax comes after that billing.

can the assessee he liable for service tax on those bills that he had already raised. if yes then can he take cenvat of the bills raised on him during that period.

the second problem is that the assessee is under the obligation of paying some expenses to the service tax provider and he is entered an agreement for rembuirshment of the same from second party but he required to raise a bill for the same. in this case the second party had the obligation to pay only the amount of the bill of services or expenses as raised by the service provider. so what is the formalities on the part of the assessee in this matter as he is only the mediator and had not made any addittion. so can he is also required to raise the bill and mentioned the service tax seperate on the value including service tax or only on the value of the expenses.

so please let me know the possible way out of the same.

Thanks & Regards

what is the diff between preliminary expenses and pre incorporation expenses?what is there treatment under income tax and in the companies act?

my querry is regarding booking of export sales-whether it should be booked at FOB or at CIF?

1. What does it mean " Upto the Place of Removal" ?

2. Service tax on ouward freight i.e. Finished goods transferred from factory premises to customer premises,can it be availed as "Input Credit" ?

3.Any consignment upto Rs 750 is not taxable. Any consignment vehicle with service charge collection upto Rs 1500 is not taxable. What does it mean?

sir,
a retailer is selling goods in his shop to tourist.He receives payment through international credit card as well as some payment received in his current account,deposited directly by customer(from outside india).
Q1-Whether this is an export sale (below 25000$) and declaration under regulation 4 of FEMA has to be filed.?
Q2-credit invoice has been issued to customer at the time of delivery of goods(in india).how we will confirm from audit point of view.it may be a fake bill?
Q3-how it will be reported u/s 44AB?

I want a free spread sheet or formula for calculating the NPV value for investing in new machinery vs hiring of machine etc

whether the provision for proposed dividend falls in the definition of provisions as covered by AS 29 ? If not, whether it is governed by any another accounting standard ?