what are the implecation of deferred taxation on financial statment of an enterprise?

HI,
what is the real life procedure to convert a proprietorship into a company

also state where will i find related section, may give a site for reference too.
Is this clumsy & cumbersome job, shall i advice my client to form a new company rather than converting the same.
In case we convert it into a company ,do we need to make registration again in sales tax & service tax . cant we carry the same after conversion also?
if anyone is here to help. then please reply soon .

thanking you,
An article

A pvt ltd. company has received share application money from NRI. After 6 month he want to return share application money to NRI. The money has come in india on Non-Repartiable basis. Can this money send back to NRI .

COMPANY MADE GIFT TO CUSTOMER IN LUCKY DRAW SCHEME UNDER SALES PROMOTION
THIS ENTRY INCLUDE IN SALES PROMOTION OR GIFT.
WHAT IS INCLUDED FOR THE PURPOSE OF GIFT
GIFT TO EMPLOYEES
GIFF TO CUSTOMER
GIFT TO GOVERMENT SERVANT

sir,
i am living in shahdara(delhi)and my attempt will be in may2009.
now i want to start classes for advanced accounting but from where i can get idon't know,could u help me in this matter.

can u provide format of notice of board meeting ( agenda for discussing about conduct of statutory meeting)

Pl.explain me about schemes under export polocies

vineet,

tell me under which head this business falls?

2nd, realised from the shpr, meaning?

shpr wl not pay service tax on profit margin earned by xyz. shpr pays thc on which service tax is applicable which xyz collects from the shpr and pays thc with stax to the shpping line. here xyz acts as a postman. doesnt pocket anything.

nobdy cnfms 100% that this business attracts servce tax or not.

pl adv.

1 EXP ON MOTORCYCLE EXP & DEPRECIATION.

2 TRAVELLING EXP RS. 10000/- INCLUDE
Rs. 4000/- Hire Charges of Car
Rs. 3000/- Hotel Charges.
Rs. 500/- Taxi Charges.
Rs. 2500/- Fooding Exp at Branch During
Business Hour.
WHAT AMOUNT OF TAX?

3. VECHILE RUNNING EXP.
A TWO JEEP IS PURCHASE FOR TRANSPORT
OF GOODS FROM FACTORY TO SHOWROOM.
B NEW JEEP PETROL EXP (FROM GODOWN TO
SHOW ROOM)
4. A WATCH & SUIT (SAME COLOUR)GIVE
TO OFFICE STAFF FOR OFFICE DRESS.

sir i am doing my PCC sir i want to know about Revenue recognition(AS-9)pls help me sir