hi,

I had opening balance(WDV) of ford car of Rs 720000/- as on 1-4-2007 and i have sold the same car on 20-1-2008 for Rs 560000/- and further no new car has been purchased .

My queries are-

1) Can I claim deprecition of ford car for Financial year 2007-08?

2) If yes then at what rate?

3) If no, please give me the reasons citing specific sections of the act.

hw i would istudy tax as i m having problem in learning section & remembering their provisions.

Dear Sir,

If we want to show share stock (business) at market value at 31st March than what type of entry is required to be passed at the end to show unrealized gain or unrealized loss for that. And what entry and adjustment is made when actually sold the same?

Secondly for the fixed deposit that has been matured in next year if we want to make an entry for accrued interest than tds detail is required or we have to pass the entries for interest income only?

Hi,

Kindly provide us a Check-list as to what all the documents to be prepared for appointing a new auditor otherthan the retiring one.

Sec. 225 of the Companies Act, 1956 specify for a special notice from members within such and such time and the circulation thereof.

The copy of Special Notice to be given to the retiring auditor and his representation to be given to the members.(or else to take the permission of Central Govt.)

We do not want to go for Central Govt. permission.

Hope things are clear

regards,

Rajesh Pillai

Dear Sir,

If we want to show share stock (business) at market value at 31st March than what type of entry is required to be passed at the end to show unrealized gain or unrealized loss for that. And what entry and adjustment is made when actually sold the same?

Secondly for the fixed deposit that has been matured in next year if we want to make an entry for accrued interest than tds detail is required or we have to pass the entries for interest income only?

Dear Sir,

If we want to show share stock (business) at market value at 31st March than what type of entry is required to be passed at the end to show unrealized gain or unrealized loss for that. And what entry and adjustment is made when actually sold the same?

Secondly for the fixed deposit that has been matured in next year if we want to make an entry for accrued interest than tds detail is required or we have to pass the entries for interest income only?

Dear Sir,

If we want to show share stock (business) at market value at 31st March than what type of entry is required to be passed at the end to show unrealized gain or unrealized loss for that. And what entry and adjustment is made when actually sold the same?

Secondly for the fixed deposit that has been matured in next year if we want to make an entry for accrued interest than tds detail is required or we have to pass the entries for interest income only?

Dear Sir,

If we want to show share stock (business) at market value at 31st March than what type of entry is required to be passed at the end to show unrealized gain or unrealized loss for that. And what entry and adjustment is made when actually sold the same?

Secondly for the fixed deposit that has been matured in next year if we want to make an entry for accrued interest than tds detail is required or we have to pass the entries for interest income only?

Hello Every body,

I have a case where we had removed one of the Director under Section
284 of the Companies Act 1956 earlier then the Company realises that
the Director vowes some money to the Company, now the Company sent a
letter asking the Director to pay back the amount but the Director is
not replying to any of the correspondence what would be the next
action.
Regards
Gaurav

Without any statutory obligation company pays insurance premium on some employee just to retain them that after completion of 10 years of service in company they would liable to get the matured amount.At the same time employees assigned this in the company name.
My question is ,
1.Is this insurance expenses allowable for company?
2.What is the treatment for employees?