Private comp

Querist : Anonymous (Querist) 23 December 2011 This query is : Resolved
A Private Limited Company likes to buy back it shares, the company was paying out of its free reserves, the calculation of reserves shall be at the latest audited BS date or i want to prepare the balance sheet up to September/October.
And
If, we prepare the balance sheet up to September/October, it is compulsory to make Income tax provision up to September/October
If yes, after provision only we want to calculate the reserve.
Kindly any can confirm regarding
Thanks

Follow Query

Report Abuse

prabhakar singh (Expert) 24 December 2011
visit caclubindia.

Sailesh Kumar Shah (Expert) 24 December 2011
Latest audited balance sheet would be suffice for buy back purpose.

Devajyoti Barman (Expert) 29 December 2011
This is a wrong place for your query.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Member Strength 995312 and growing..

Stay updated with latest Posts!

Trouble Logging in? Try following the given steps -
1. Visit your inbox to find a confirmation mail from LAWyersClubIndia.
2. Click on the confirmation link and confirm your signup

New users who have not received email verification mail click here to verify