Income tax return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 March 2012
Respected Members
The Company was incorporated on july 2010 on the basis of 100% FDI. The FDI was received on august 2011. Now kindly advice how the Balance Sheet for the financial year ending 31st March 2011 will be prepared as the capital was not received at that time and there was only 12000Rs Expenditure incurred in it.
The Company was incorporated on july 2010 on the basis of 100% FDI. The FDI was received on august 2011. Now kindly advice how the Balance Sheet for the financial year ending 31st March 2011 will be prepared as the capital was not received at that time and there was only 12000Rs Expenditure incurred in it.
06 March 2012
Show P&L Debti Balance (Assets side of BS) Rs.12,000 and on Liabilities Side show the party name who incurred this Rs.12,000 (As current liability).No share capital and no assets.
Guest
Guest
(Expert)
06 March 2012
Agree with expert.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Non-Compliance documents have not been submitted by the contractors debited
- Invertaded duty struture
- FCRA 6 E- Intimation
- GST Rate for Catering Services
- EXPORT COMMERCIAL INVOICE HSN CODE
- Same demand raised for original as well as rectification request return
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
