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.

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.

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.

Sir,

1)Whether tds is deducted on the portion of Service tax included in the bill. If not pl provide me the notification/ sec no.
2) Whether tds should be deducted for the municipal taxes and other charges brone by the tenant.

Is it easy to get prepare for PCC Attempt 2010 by self study if we start studying now from april?
Ur comments plz
Thanx for same in advance

Self balancing ledger is use for what?

i have bills from my creditors towards factory rent for rs. 96000 + 24000 = 120000/- for the financial year 2007-08 then tds is deductable under section 194i

Can a builder capitalise the interest cost of term loan availed for the purpose of building flats (for sale) as per AS 16. Since flats are the current assets of the builder can they be classified as qualifying asset ?

Ankur Bansal

Vat is being charged at the rates of 12.5%, 4% & and even 1% sometimes

is there any classification regarding those rates applicable for a specific type of goods
like so and so goods have to be charged at the rate of 12.5% or 4 or 1

plz help me with this

thank you