Will reduction of loss results in profit?

i have filled the Income Tax Return and ROC Return in form-52. Now i want to know that how to report the RBI? What is the procedure? please advise step by step. thanks in advance

DEAR SIR
WE HAVE SUB CONTRACTORS(X,Y,Z). WE ARE PAYING TO THEM(X,Y) THROUGH BANK ACCOUNT BUT ONE SUB CONTRACTOR THERE IS NO BANK ACCOUNT(Z). AT THIS SITUATION WE ARE PAYING TO THAT SUB CONTRACTOR(Z) THROUGH ANOTHER SUB CONTRACTOR BANK A/C(X) IS IT CORRECT OR NOT ? IN THE ABOVE SITUATION WE ARE PASSING THESE ENTRIES:
1.X A/C DR 2. Z A/C DR
TO BANKA/C TO X A/C

NOTE: WE ARE PAYING AMOUNT NEARLY 7 TO 8 LAKHS TO SUB CONTRACTOR (Z)
1. IF THE ABOVE PROCEDURE IS CORECT WHICH SECTION WILL APPLY?
2. IN THE ABOVE PROCEDURE IF THERE IS ANY DISALLOWANCES WHICH SEC WILL APPLY?
THANKS IN ADVANCE

There is a private limited company. It is subsidiary of foreign co. it has received share application money from its holding foreign company.
Now my query is what is the time limit for issuing share to the holding co.

A Director has misplaced his DIN number and what should he do now for him to submit for roc filling.

A compot lottery shop whose turunover is of 30,000/day but his margin is of flat 3% of on sales. Description of one transaction:
If and if cleint comes then shop owner purchases the lottery and sells instantly and the profit or loss for the purchaser is declared in one hr. Futher, he does not keep any stock for the day of lotteries. Its pure purchase and sale transaction and margin for the shop owner is margin only.

Will in the above case Tax Audit will be applicable? as the T/O for the year wil for sure exceed 40lacs? or should i consider only margin as his turn over and thus no tax sudit?

Can the share application money be received in form of kind? Do the following entry is correct?

ADVANCE TO CREDITORS a/c Dr
to SHARE APPLICATION MONEY a/c.

In tax audit which important ledger should be check and in what manner and how?
and what is process of scrutiny the ledger like debtor, crediotr, stock, cash credit, loan and advances, unsecured loans
please tell me.

Private limited company has not provided for Bonus for the year end 31/03/2009(no provision for bonus) in its books of accounts siting not enough money or profit. what are the implications? whether any note to be provided in the Notes to accounts? To be qulified in Audit report? pls advice.

Hello members, i have a query regarding calculation of DP in case of Cash Credit Facility. If a party has availed a limit against Stock and Book Debts whether unpaid stock i.e. creditors will be deducted from Stock or Book Debts as margin in case of Book debts is higher. Whether it will make any difference if Sanctioned Limit is bifurcated against Stock and Book Debts in one account or for that matter if two C/C accounts are opened. Please someone clarify on this matter and whether we have to look at sanction note if a banker contends that unpaid stock is to be deducted from debtors only.