In Hire Purchase accounting, the vendor deals in both cash sales & Hp sales, such is the case in the books of vendor the stock reserve is to be created for the Hp closing stock (i.e)installments not yet due, for the stock reserve calculation the loading has to be ascertained.My question is the loading amount computed is to be whether (Hp price - Cash price) or (Hp price - Cost Price)?

I have a TDS certificate in the name of "President, Water Users Association , Tarimela,Anantapur dist.Issued by Executive Engineer HLC (Div) Anantapur.

i Have no idea how to file this certificate as it is issued in the name of President W.U.A. Pls Help me out in this query.

Does the agreement for take over of partnership need to be signed by all the partners or the major shareholders signature is enough.
Like there are 5 partners
having profit sharing ratio in the manner
partner a and b have 30% each tht is 60%
and partner c has 20%, partner d and e have 10% each tht is 20%.
Do we need the signature of all the partner or A and B are enough.

Thanks in Advance

hello sir/madam,
may i know that if we trasfer one heavy macinery already installed(a capital item)from one location to another location in the same factory premises, and a sum of rs 5 lacs is incurred for this trasfer , then whether this sum would be treated as revenue expense or a capital expense?

I have passed my CA final in May 08 & will be completing articleship in April, 09. I would like to takeup practice once I become a member. I do not have that much of contacts wherefrom I can get assignments for my practice. In this scenario how do I build my practice??? Please anybody guide me in this regard.

Does the agreement for take over of partnership need to be signed by all the partners or the major shareholders signature is enough.
Like there are 5 partners
having profit sharing ratio in the manner
partner a and b have 30% each tht is 60%
and partner c has 20%, partner d and e have 10% each tht is 20%.
Do we need the signature of all the partner or A and B are enough.

It is an existing partnership firm and the firm has registerd itself as a private limited company. all the partners hav signed all the MOA and AOA and it is incorporated with the registrar of companies.
All the partners share remain same in private limited comany also...

I am doing bank charges audit. For this purpose I need PLR details of various banks from April 1, 2008 to Dec., 31, 2008. In their respective websites I am getting only present PLR. Can anybody guide me where can I get these details ???

Dear friends
Please resolve one query for me.
Query is if any capital goods is purchased for repair & maintenance of machines which is being used in manufacturing .
Whether vat credit will available on that.

Please answer as soon as possible.

Thanks & Regards
Deepak Chhabra

In case a trader sells or purchases goods from other state the applicable tax is CST or VAT?

What is the provision in case entry tax in VAT return. Whether it is governed under the state VAT or CST or under both

Does the provision of interna audit as stated in CARO i.e.
"in the case of listed companies and/or other companies having a paid-up capital and reserves exceeding Rs.50 lakhs as at the commencement of the financial year concerned, or having an average annual turnover exceeding five crore rupees for a period of three consecutive financial years immediately preceding the financial year concerned, whether the company has an internal audit system commensurate with its size and nature of its business"
is applicable to the subsidiary of listed company.
Do subsidiary of listed company should have Internal Audit System?