Dear Experts,

Kindly guide on the ‘basic’ queries:

1. Balance Sheet,
2. Statement of Profit and Loss and
3. Page of Last Note on financial statements

Please confirm, whether ‘Place’ mentioned in the ‘BS, P&L and Page of Last Note of Financial Statements’ shall represent the Place of Registered Office of the Company or

‘Place’ shall represent the Location of the Auditor, who signs his/her Report and the Accounts.

Incidentally, I came across the Annual Report of a Cochin based Company, where the ‘Auditor of Salem’ has struck off the ‘Place: Cochin’ and changed it as ‘Salem’.

I need to understand, whether ‘Salem’ is appropriate to mention in the above said documents. Please Confirm.

Can I know the lay out of Balance Sheet confirming the ‘Place’ should be relating to the Registered Office of the Company only?

Thanks a lot.

advance received for sale of Goods is liable to vat.please reply this question

How to calculate service tax on advance received and pay to Government , and journal entry of advance received .
suppose total advance received =50,00,000
service tax payable amount=50,00,000*12.36/112.36 =5,50,018

Journal entry in the books of service provider

Bank A/c DR. 50,00,000
To Party A/ cr 44,49,982
To service tax payable 5,50,018
this procedure is correct or incorrect.please reply this question.

I am going to join articles, there sir is asking my originals and saying that he need to send them to ICAI bhawan for verification.. Is there any such rule? my sir is telling that it was recently ammended.. pls do reply...

pls tel me which book shd i prefr for ca final law

what are the factors to be taken into consideration while doing articles??????????on which areas an article student should pay utmost attention???????????

Sir i want to claim tds on salaried income on assessment year 2014-15 for which i got form-16 amounting 10k. i want to do it myself online without involving C.A. Sir please guide me step by step process for my claiming tds , as i am new to these. Waiting for fast reply. Thankyou. Adi.

what is difference between doing articles in big 4 organisations and in local firms????????????????????????? Is it so that to gain excellent practical knowledge one should opt for reputed firm???????????

Dear All,
1. What is the difference between firm &
Company ?

2. What is the difference between partnership firm & proprietor ship firm?

Dear All,

We are planning to start a partnership firm in surat gujrat india and our main business is to sale textile products (readymade garment purchase and then sale + manufacture and then sale)through our website and we receive order and payment through our website and after it we delivered the goods to buyer which can be located in india or outside india.

Please suggest us what are the legal formalties and registration required to sale our product like PAN,TAN,VAT etc....


And my second question is whether we should take IEC(IMPORTER EXPORTER CODE)bacause we sale goods outside of india also if order received.

Can we apply for SSI also.

PLEASE GUIDE US....

THANKS IN ADVANCE