Information mention in form 23aca

This query is : Resolved

CS.... (Querist)
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17 October 2011 DEAR EXPERTS

PLEASE SOLVE MY PROBLME.

1. IN THE P & L OF A PVT. LTD. COMPANY CLOSING STOCK IS MENTION IN THE INCOME SIDE AN OPENING STOCK IS MENTION IN THE EXP. SIDE OF BOTH YERS. I EXAMINE THE LAST YEAR P & L. OF THAT COMPANY BUT NO INFORMATION REGARING OPENING AND CLOSING STOCK IS MENTIONED.

PLEASE SUGEST ME THAT WHAT TREATEMENT SHOULD BE DONE WITH THESE ITEMS????

2. WHEATHER THE AMOUNT OF PROVISION FOR INCOME TAX AND DEFERRED TAX ASSETS HAVE BEEN INCLUDED IN THE COLUMN OF "INCOME TAX INCLUDING DEFERRED TAX" OR NOT????

PLEASE REPLY AS SOON AS POSSIBLE....

CA RICHA BADALIA

CA RICHA BADALIA (Expert)
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17 October 2011 1.Just check P/L of last year and see whether opening & closing stock are given in form of Increase/decrease in stock.

2.Yes you have to show Provision for Income tax and Deferred tax asset(both has to be net off)in the column income tax including deferred tax

CS....

CS.... (Querist)
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17 October 2011 i had seen last year p &l bt trading a/c has been saperately prepared and no information has been given in e-form 23 ACA for this relevant year so i m confused what treatement should be done in this case..?????

please help me out in this matter???/

CA RICHA BADALIA

CA RICHA BADALIA (Expert)
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17 October 2011 Can you please explain in detail.I am unable to understand your query.

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