Pl giv the solution for the following case

The company has no revenue.it has only operating expenses.
is it compulsary to prepare P&l A/C.
or is it enough to prepare only Statement of expenses and prepare Bal Sheet.

If Preparation of P&l is compulsory as per which AS it is required.

while Preparing tds return of 4th QTR i Enter challan date 08/05/2009 instead of 08/04/2009 . how can i rectify it.


What is correction statement & tellabout its procedure

Hi,

i am a commerce graduate and currently working with Ernst and Young as an entry level auditor. My Carrier Goal is to grow in FINANCE field not AUDITING.

Thus I am thinking about ACCA ( Association of Certified Chartered Accountacy specialised in IFRS Standards) + MBA.

Would it be right carrier path for me?

What is Unique Transaction No. for TDS.Do we have mention the same in filing ITR for the F.Y.2008-09 & if yes then who is going to provide the same. Is it apilicable for the F.Y. 2008-09. As per my knowledge it is going to be applicable from 01.07.09 am I right ?

sir,

Please clarify the applicability of service tax in the following situation?

1.Mr. A has purchased rice 100qtls @2500/- amounting to Rs.250000 on ex-factory basis from B.The rice is sent to A through Transport agency for freight of Rs.32000/-. At unloading weight is 98qtls. Now there is shortage of 2qtls amounting to Rs.5000/-.So, A has deducted this amount of Rs.5000/- from the freight payable to GTA, and paid Rs.27000/- to GTA.

Please clarify whether service tax is applicable:
a) on 32000/-.or
b) On 27000/-

Please explain it because it is happening in every industry.

Dear all,

I want to answer the following question

The management of ambitious properties Ltd has decided to take up the business of food processing activity because of the downward trend in real estate business. there is no provision in object clause of the MOA to enable the company to carry on such business. please tell me the reasons whether its object can be amended?

May anyone tell me "What is the time limit for payment of DDt in case the dividend is proposed to be declared in the AGM ?

Hello,

I get to know whether possession is important for claiming deduction of Interest on house property u/s 24(b) as the property is under construction but per EMI has already been started.?

friends,

Can the same partners of the firm, form another firm with same partners at the same place with the same nature of business..Is there any such resyriction?

please guide me..

Please, tell me what should we have to check in stock audit of a manufacturing company..............reply, it's urgent