Dear Experts,
i need to open profit & loss appropriation account in tally pls clarify in which group/Head it will goes,

Thanks In Advance
Ruchi Agarwal

I need some small help from you in calculating the tax part from the taxation angel please.

We are selling a property where we are residing jointly.There will be shares like this:
Share 1,2,3
Section 54 states that only Only ONE house property can be purchased or constructed. Now how other shares be taken in this scenario and tax computation will be done?

1. Should the other two shares be taken through WILL or through gift deed with consideration?
2. What would be the best way to save tax as we are going to buy two new house properties using the Share Amount.
3. Is it a pre-requisite that we have to buy a new property within 6 Months of the sale date and construct it within 3 Years?

Please guide.Many Thanks in advance.

Banks while granting Cash Credit limit calculate Drawing power. It is said that drawing power is calculated against stock in hand. But How Banks calculate and feed DP in the system while disbursing CC for thefirst time to a new firm, as the firm does not have stock in hand rather it will purchase the same after using CC. So how Bank will compute DP.

Hi,

Any one knows how to reduce Tax on IT Industries.

Dear Experts,

can a CA certify completion of work under work contract of govt. tender for a contractor. and if yes, please provide check list before issue such certificate.

Since My ID card which i got with my Articleship letter is lost,so What woukd i have to do ,so that i can file my form 108 with institute

I have to inform you that I have a PAN CARD. I am a book publisher and my company is a Proprietorship Firm. Recently I am applying for ISBN to Ministry of Human Resource Development, and they rejected my application two times for the reason “The applicant has not attached PAN card of his publishing agency” though I submitted copy of my own pan card with the application.

So could you please inform me can I have pan card in the name of my company though it is a proprietorship firm?
If not then it will be helpful if you can give me any govt. website link or something like that which can I show to them.
Request you kindly look into the matter.

Dear Sir,
my father expire on November-2010 , now i have to close his pan card but i haven't original or xerox copy of pan card.
only PAN card number is available. so how can i close it.
please give me suggestion.

I forgot to tick the answers on omr which I had written . I had ticked only few but forgot to tick all the answers which I had written . The answers which I had not ticked will be valued or not?

Sir, My question is related to closing stock adjustment and pass jv.
Our opening stock is RS. 2000, Purchase for the current year is RS.1500, Sale is RS. 3000. Closing stock mannualy taken RS.1000. I want to pass the JV for this closing stock in the system and transfer to next year opening stock. How to pass the jv.

Please help to sort out the issue