Business & Finance - 22 July 2007

Ours is a private limited company primarily into Advertising business and have advanced unsecured loan to a firm to the tune of Rs. 10,00,000/-
This loan has turned bad and no chances of recovery.
What is the accounting treatment to write-off this bad loan?
Is this expense of Rs. 10 lakh deductible expense from Income tax point of view.

Please guide me on the above issue

2007-07-22 19:37:12 · 1 answers · asked by happy 2 in India

and where would i find it

2007-07-22 19:28:37 · 1 answers · asked by Anonymous in Other - Business & Finance

ok i have account but im on noneverified and im trying to get verified and it doesn work on my depit card or check and i tried like a millions time? can someone telll me why or what i have to do?i have Bank of America depit card....

2007-07-22 19:17:34 · 2 answers · asked by $Love money$ 2 in Credit

2007-07-22 19:15:32 · 1 answers · asked by jasdeepmangat 1 in Corporations

2007-07-22 19:13:40 · 1 answers · asked by Sister Charity 1 in Personal Finance

manager $100.00 non refundable money order to hold said apt, and it included my ap fee. The trouble is, after I did my ap, I ask her where my apt was located. I drove down a ways, (what sold me on the one she showed me was the patio.) It was huge, with concrete, and grass, shrubs, and even a tree. She said yes they had great patios with grass etc. for my toy poodle. When I found my apt to be, the patio was 1/4 the size of the other one, and nothing but concrete. I love the apt, and she has my non-refundable $100.00, but how do I handle the misleading awful patio?

2007-07-22 18:57:11 · 1 answers · asked by Anonymous in Renting & Real Estate

My divorce was final in March of 2006. Still legally married on Dec 31, 2005, my now ex-husband took it upon himself to file without me as head of household and claimed our son on his return. The divorce nor any of the stipulations as to who can claim what or whom were not finalized at the time he filed. I ended up having to file single and had to pay in while he got a rather large refund. My question is this, shouldn't you file according to what your status is on 12/31 of the tax year you are filing? If so, then is it possible to file an ammended return for that year and maybe receive a refund? If an ammended return can or should be filed, how do I go about doing that and what info do I need to include?

2007-07-22 18:53:46 · 10 answers · asked by Anonymous in United States

this readydebit card is a prepaid visa card. i've seen a few others, but this one seems to be lower cost when i think about how i'll actually use the card. it's $10 to get the card, then $5 a month, plus a fee for atm withdrawals. anyway, i'm curious, anyone see something big that i'm missing, or is it a good deal? the website is www.readydebit.com.

2007-07-22 18:52:25 · 4 answers · asked by ranger 2 in Personal Finance

I ALREADY KNOW ABOUT LIFE INSURANCE

2007-07-22 18:51:05 · 3 answers · asked by angsstarliht 2 in Insurance

to do a 1031 you have to buy the next property and have the same loan amount on it as your old one. "like kind" or upgrade. so if i do a 1031, and my relinquished property had a 400,000 loan on it, I will always have to keep a 400,000 loan or higher on the next proerties. so my monthly payments will ALWAYS be the same, no matter how many times i do a 1031.

or is it...i have a 400,000 loan, in 5 years i pay it down to 300,000, and when im selling it its at 300,000 i have to have a 300,000 loan on the next property, then hold it and pay it down to 100,000 for example, then the next house i exchnage has to have a 100,000 loan amount? or is it based on the loan amount i took out at the time i bought it on my first one?

is it possible to build equity to where i have no loan on a propertyu with a 1031, or is a 1031 only for upgrading properties (keeping the same amount of loan on it, so my paymetns will be the same) but because its upgrading, it can produce more cashflow?

2007-07-22 18:47:32 · 5 answers · asked by beach_babe971 2 in United States

I went bankrupt in 2003, and am on 4 Canadian Pensions totalling close to 2000 dollars per month, and am the owner of a delivery courier service in Canada that lhas been in business since May 2000?

2007-07-22 18:32:44 · 3 answers · asked by Anonymous in Credit

i got a letter saying to pay 20 dollars to claim 12,285.00 dollars from international award payment center in 1401 armour rd,n.kansas city,mo 64116 usa is this a scam.

2007-07-22 18:29:42 · 3 answers · asked by Anonymous in Corporations

I ask this question out of utter contempt with the country (uk).
I have worked solidly for 5 years, paid all my taxes, paid all my child support for my son from a failed relationship and battled to be a part of his life, paid all my bills and want to get married, start a family and buy a house. Can I do it? NO! House prices are through the roof (pardon the pun) so I'd need to rent, which is exactly what people who refuse to work do. I've worked for 3.5 years as a debt collector dealing with people who have raided catalogues and bank loans/credit cards for all they can get and refuse to pay it back, whilst earning (in some cases) 40,000 a year in benefits! Don't misunderstand, there were people in a genuinely bad situation trying to get out of it but not being able to. I used to think being an honest, hard working citizen got you somewhere in life, but now, I'm not so sure. so I ask again, whan EXACTLY are the benefits of decency?

2007-07-22 18:25:22 · 15 answers · asked by izzoredrobles 2 in Personal Finance

2007-07-22 18:24:22 · 2 answers · asked by angel_rat_83 1 in United States

I am an independent contracting physician for a medical group. I heard you can lease a car and at the end of the year you ger the entire leasing amount back. Is that true? is there a limit to what I can lease? does the car need to be at certain weight? thanks for helping. I just don't want to get audit.

2007-07-22 18:22:56 · 2 answers · asked by hjhj 2 in United States

I want to buy a house and am in conversation with Atif Malik from Property Central in this regard. Their company has been doing good and I've seen some good reviews about them especially Atif Malik. So, I would like to just confirm if I should go about this deal with them. Anyone could help me regarding this?

2007-07-22 18:13:47 · 2 answers · asked by Animesh Kumar 1 in Renting & Real Estate

2007-07-22 18:08:36 · 4 answers · asked by Cool_guy 1 in Personal Finance

it is not taxed. How do you give some of the proceeds to your children without incuring tax obligations?

2007-07-22 18:02:16 · 2 answers · asked by Rabbit 5 in United States

2007-07-22 17:57:57 · 7 answers · asked by E coli 2 in Personal Finance

2007-07-22 17:57:01 · 2 answers · asked by John A 2 in United States

gotta bike arond and edplore and see the sights. like to grow tomatoes and cook a little. dont smoe or drink anymore. like some friends. but they con't come in. i use a computer to ommunicate with a world of firiends. can write and can mow yards etc.cannot climbo r lifft lheavy things. with nosemse of humor i am not interested. must watch my britcoms on weekends. would be a good traveling fompanion. thatis it. once played gui8tar. no contagious deseases. bum ticker and diabetic. have to sit or lie down from time to time. own income.

2007-07-22 17:56:40 · 4 answers · asked by Anonymous in Renting & Real Estate

2007-07-22 17:54:54 · 7 answers · asked by Anonymous in Investing

In my report; I just see my debts and there is no mention of electricity or cell phone bills; how comes ? so actually paying your bills on time doesnt improve your credit score !!! am I right ?

2007-07-22 17:45:08 · 8 answers · asked by Anonymous in Credit

Age/Transportation - I'm turning sixteen in August and will [hope to god] get my drivers liscense the first try so I can drive to a job. I reside in Wisconsin.

People Skills - I have EXCELLENT people skills. Helping people just enough without passing into annoyance is my speciality. I am very good at interviews and one-on-one situations. Being a leader and taking charge are some of my strong points.

Academic Skills - I'm a high honours student who has been recommended for academic and leadership events. GPA around 3.9.

Others - I have probably one of the biggest work ethic cores of any teenager. I never, ever give up at a challenge or request.


With all this in mind, where would be good places to work?

A few I've thought of were [and why]:

American Eagle - love clothes
Gamestop - love video games
Rue 21 - love clothes

I'd like to work in retail, since I love selling to ppl.

I'd personally not want to work at like a fast food place beacuse I hate food.

2007-07-22 17:38:26 · 4 answers · asked by Anonymous in Other - Careers & Employment

I have no choice, but to let it go. What other legal ramifications (other than bad credit) can happen from this? Can they take more money or anything?

2007-07-22 17:36:32 · 5 answers · asked by Ronald E 1 in Renting & Real Estate

I applied for 2 credit cards in my name when I was 16 and of course I didnt realiize what a pain it is to pay on credit cards. I had a bank of america and Dell credit card. I used it for college but im not finished yet and cant afford the payments. Now I have negative stuff on my credit. Someone told me that I am not responsible for paying them back because i was not of legal age to be binded in a legal contract. I was just wanting to know if Im not responsible how would I go about getting it off my credit and letting the companies know.

2007-07-22 17:35:11 · 9 answers · asked by Whitney H 1 in Credit

What I mean by this is should I call the place back after awhile and check on the status of my application? If so, how long should I wait before doing so? Would it be ok to call, or should I go up there in person? Any tips or advice would be greatly appreciated. I've been trying very hard to get a job for a couple months now and no luck. All I'm doing is turning in applications and never checking back in. I think that may be my problem. Anyway, thanks for reading and your help.

2007-07-22 17:33:16 · 7 answers · asked by ChocolateCoveredStrawberries 2 in Other - Careers & Employment

and no related working experience in the field of economics. Where can he or she start to find a job?

2007-07-22 17:23:16 · 6 answers · asked by listlessbutdiligent 3 in Other - Careers & Employment

Is this a rip-off or a real money maker? I am suppose to make $6000 in a couple of weeks or my money back. Has anyone ever tried this pyramid before?

2007-07-22 17:11:19 · 13 answers · asked by bonzer16 2 in Other - Business & Finance

How can I get in contact with Dickies to have my own store and sell dickies clothes and accesories, obviosly at a special price to see the earnings... Thanks

2007-07-22 17:03:39 · 3 answers · asked by MagicSea® 1 in Small Business