Automated Data Entry into Tally, Zoho Books, Quickbooks Certificate in Quantitative Finance

19 November 2007 at 10:36

Karnataka vat audit report

Form for Karnataka VAT audit Report?

CA CMA Amarnath Nuthalapati
19 November 2007 at 10:08

Tax Audit Filled After Due date

Is an individual not filled return before the due date? is there any penalty in this case?He is a tax audit Case? Pls reply?

CA Shilpa Dekhane
19 November 2007 at 09:58

Valuation of WIP & FG

Can anybody help me??

I am getting stock increase in quantitative terms i.e. sales are less and closing stock is high, but in value terms there is decrease in stock, i.e. value of Closing stock is less than value of opeing stock...

why this is happing?? I am not able to find out ...?

I am valuing the WIP at 75% of selling price, while whole FG is valued at SP.

Please help me...

prasad mohite
19 November 2007 at 08:56

Charge Service Tax &Filling a return

Q-1) We are giving a vehicle on hire base to the customers. some of our customers are ready to pay service tax by full Rate (12.36) but some are not paying service tax. some are paid service tax as per abetment (4.94%, so we have a difficuleits to bill them and file the return?

Q-2) We are paying tax up to 30.09.2007 but not filling the return from 01.10.2006 to 31.03.2007 and 01.04.2007 to 30.09.2007. how much panelty are there to file the late return ?

please advice........

Sushant Panigrahi
19 November 2007 at 08:35

Income From House Propety

Suppose i have two property, one is self occupied and one is let out.
I had taken loan for construction for both the property seply (1.5.2006)
I am paying interest on borrowing capital on both of them
For self occupied property i am paying interest 1,43,000 P.a.
& for let out propety i am paying 1,63,000 P.a
What the deduction can i claim on interest on borrowing capital.

CA. O.P. Agarwalla
19 November 2007 at 07:54

TDS on printed Materials

Whether TDS u/s. 194C is to be deducted, if the assessee is to make payment which is in excess the limit prescribed in the section 194C to a printing press for supply of Printed Materials as per prescribed specification?

I have gone throught he circular No. 715 dated 08.08.1995, which says YES.

I have still some doubt in this, particularly after going through the judgemnt delivered in the case- “State of Madras v. Prasad Production (P.) Ltd. {1970} 25 STC 423(Mad.)”.


It isn't a hidden fact from any of the fellow-members how tough it is to become
CA. But i have heard constantly that CA students pursue B.Com(mostly) also. This year in july, when i was in DU, i had seen CA students who had just enrlled in PCC , attending FSA for admission to B.Com course.

Is it that B.Com has to be done from big-branded colege or BCom of (ignou-icai) will work

18 November 2007 at 21:07

tds for scolarship to reserch students

Dear sir,
whether TDS is required to be deducted from payment of scolarship to reserch student by a institution .If so what is the rate of tax and under what section it will be deducted.

18 November 2007 at 19:08

audit under IT act

We are doing daily trades both in Derivatives and Equities which easily touches the gross turnover of Rs 40 lacs in a day or two. Are these accounts are liable for tax audit for filing woth IT dept. If not required on what basis. kndly clarify.

Manoj Kumar
18 November 2007 at 18:11

Accounting treatment in case of import

HI dear all,

If i have imported some goods(CIF)and its in way and i want to make High Sea Sale then that would be point of booking accounting entry in my books of account and rate of exchange to be used .

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