why is profit & loss appropriation account prepared? and which items are taken in profit & appropriation accounts?

Can a person avail home loan for a home at his native town (he will not live in his home town)?

Can a person avail 2 home loans at a time, one in his home town, one in his present place?

Can a loan accout be opened in the name of Managing Director in the private company where in which his day-to-day deposits and withdrawl can be recorded. As in a private company the Managing Director provides maximum fund and does frequent withdrawls.

dear sir

my uncle birthday on 23 march and now he complete his 65 year on 23 narch 2009.
his itr will file as senior cityzen or not if no pls describe rule also.


Thanking you
harish

Can a private company take loan from its director, is there any limit to it. can a director transfer his personal assets to the company and at what price, can the same be shown as a loan to the company. Is he entitle to interest at 6% p.a on that loan

Dear Sir,
I am seeking clarification related to Service tax on Construction.
I booked an apartment in Chennai during June '08 through "Agreement to Sell". Total apts in the complex is 56. During Aug '08, I registered the same through "Sale Deed". I have the break-up of land (i.e. the cost as in the stamp paper) and construction cost, as provided by the builder.
Considering the recent circular, Should I have to pay service tax through Builder. If so, how do i calculate based on the cost available with me. This calculation will help me to verify the amount requested by builder. Secondly, can i ask for service tax receipt in my name from the builder.
Your response will be highly helpful.
Regards,
Bhaskar

Dear All,

Please tell me that TDS deduction is applicable on accrual or payment basis

I am having a rental income The property tax is paid by the tenant I want to know can I claim the property tax amount in my Income Tax returns as deduction as it is paid by the tenant.

Hello Everyone,

I am solving a problem related to the calculation of Maximum Permission Financing for working capital requirement based on Tandon's committees recommendation and got stuck at one point.

A balance sheet of a company shows the following 1 item under liabilities section.

Secured loans 450 lacs

It also includes the following additional information i.e.
1. Secured loans include installments payable to financial institutions before March 31st, 2009 of Rs. 100 lacs

2. Secured loans include working capital facility expected from Zonal Bank Rs. 300 lacs.

In this scenario, what figure of secured loan should I include in the current liabilities while calculating the financing limit for a bank.

Thanks for your help

Regards,

Babu Shetty

Sir i am a PCC student.
I have already taken termination from my firm from 24th,march but i have not yet sent the documents & forms to the institute.

In the mid-time ICAI has imposed rules regarding TERMINATION/TRANSFERE..


so what shall i do now??
really sir am in serious agony for this,
so please suggest me sir..

REGARDS YOU,
BARSA ACHARYA,
PCC STUDENT.