Bank figure shows in the Bank Statement of RS.100000 on dtd.31.03.2009 but in our A/c (i.e.in our computer) shows Rs.95,000. At the time of finalisation of Account at the end of the year, which figure I will take in Balance Sheet (Rs.100000 or Rs.95000)? Will I pass entry of Rs.5000 in our computer which has not been cleared & credited to my Bank A/c? Kindly reply.

Please let me know, under what conditions we can provide the Depreciation Rate more than permitted by Companies Act & what are the pre-requisites for that.

Hi,

Can anybody tell me that is it mandatory for liasion office of foreign company to have a director in India?

please reply urgently

Thanks in advance

CA Amit

As we are aware that in the Finance Act 2009, some of TDS rates are changed say
Sec 194C payment to contractors. the new rates are effective from 1/10/09. There are changes in Surcharge, Education Cess & SHEC in TDS rates. Say NO SC,EC & SHEC on TDS, except EC & SHEC is applicable for Payment of salary. My question is that whether there is SC, Ec & SHEC on TDS for the Period 1/04/09 to 30/9/09.

Whether demmurage charges levied by Mumbai International Airpot Pvt Ltd for late clearing of goods is allowable expense under income tax act?
If not is it a penalty or fine as per Income Tax Act?

This is regarding the presentation & disclosure of information under AS 19.
Please some one let know how the following transaction will be shown under AS 19 for year 2009-10 & 2010-11 books :

1. A company has taken a machine on lease rental for 3 years starting from 1st july 09 to 30 june 2012 for monthly lease rental of Rs. 10000/-, which after 3 years will become company property.

2. Company has took on rent a premise for 11 months lease from 1st jan 2010 for monthly rent of Rs. 20000/-..

3. A company has taken a car on loan for 6 years starting from 1st Oct 2010 to 30 Sept 2016 for monthly emi of Rs. 8000/-, which after 6 years will become company property.

sir,
i want to know about the procedure for revaluation of PCC papers.......

i am giving my 3rd attempt pcc this nov. at present I cldnt get sign either from my auditor or from his partner Kindly let me knw can i get sign in exam form from sumne else..

WHETHER DONATION PAID TO TIRUMALA TIRUPATHI DEVASTANAM (TTD) WAS QUALIFIED FOR DEDUCTION UNDER SEC 80G AND ON WHAT BASIS IT IS QUALIFIES????

SIR,
A PERSON HAS A NURSERY AND FROM IT HE IS SELLING PLANTS. NOW HE HAS NO ANY OTHER INCOME. WILL THE INCOME FROM THE BUSINESS BE TOTALY EXEMPTED?