A pvt. co. was regd 2 years ago.No work till is carried on by the co. Also in the next 2-3 years it is going to do nothing. The only expenditure incurred are legal fee, audit fee and ROC filing Fee. I want to know whether these are treated as pre-operative expenses or this will be treated as loss and a return of loss is to be filed. I want to have a clear picture of the situation. Can anyone make it clear to me,if possible please.

Can anyone please explain the difference between NRE account and NRO account?



Thanks

sevice ta is apllicable on buses engaged in school for student trvelling from school to home and home to school

Dear Sir

I would like to know whether mediclaim paid by cash is allowed as deduction under section 80D or not? In one of my client payment of mediclaim is accepted by Insurance Co by cash. Normally Insurance companies does not accept cash. I also heard from some of my colleagues that Cash payments are not allowed.

Regards
Vishal

sir

if a partner takes cash from his partnership firm for his medical exp. what ac should be debited

should the partner capital ac dr or shown in P/L ac as welfair ac

Please say

Regards

DEAR SIR/MADAM

I AM TDS DEDUCTOR BUT I DONT GIVE MY EMAIL ID TO NSDL WITH E-TDS RETURNS SO THEY ARE NOT SENT TO OUR DEDUCTEES UTN. SO PLEASE TELL IN NSDL WEB SITE WHERE UTN'S ARE AVAILABLE PLEASE TELL THE LINK IN NSDL, ITS URGENT.

THANKS IN ADVANCE

The company purchase new car, that entire amount is to be capitalized,

Vehicle insurance and road tax also we have to capitalized or not

Sir, can anyone please tell me is it possible to set off loss from PGBP with royalty and Lottery income? Can loss from PGBP, HP, Salary be sett off against Casual incomes? Please help. In one particular sum they have not sett offed loss from PGBP, though Royalty and Lottery incomes are there can you please tell me why??

dear sir,madam,

i seek ur guidance on the follwing matter:

I have a client who is a private ltdcompany engaged in civil construction. their projects take about 3-5 months to complete.

1) is AS-7 still applicable?

2) as of march 2009 they have 5 projects which are partly complted for which invoices are raised in the month of april 2009. can i just calculate W.I.P for those priojects and bring in the income when the invoices are raised or i need to calculate income as per AS-7..

3) it is a company and accrual systemof accounting isfollwed. in the field that they are the customers dont acknowledge part work done and nothing is due to them unless the work is fully complted . so is AS-7 contradicting AS-9 here?

4) are there any other mandatory accounting standards that i need to follow regarding the above said company

thanks in advance and waiting for ur valuable advice

If any income is earned on stock-in-trade, what is the treatment of the same and where it should be discloed in financial statements??

Eg. A company is having stock of equity shares on which it erans dividend income. What is the traetment for the same??