Himanshu Vakharia
25 February 2014 at 14:14

Setoff and carry forward of losses

Whether loss of house property can be set off against the income of short term capital gain u/s 111A in the A.y 2010-11 for a Non Resident Individual?

Actually my cousin is NRI, and his source of income was stcg-111A Rs. 52603/- and ohter sources Rs. 125603/-, there was loss of HP Rs. 45306/- which is to be setoff u/s 71B. I had adjusted the loss against stcg but the IT dept has set the same against income from other sources and computed the tax on STCG-111A,

Whether I can do the same or not???


priyam uapdhyay(ca final)
24 February 2014 at 15:47

Company audit-its emergency

helo,
my question is that what is the definition of FULL TIME EMPLOYMENT because as per section 224(1B) no company or its bod shall appoint or re appoint any person who is in full time employment elsewhere again my question is that if any individual is in full time employment ELSEWHERE than how can he/she hold certificate of practice and if cop will not be held then the question of "no company or its bod shall appoint or re appoint any person who is in full time employment elsewhere" how can be arised.

Read more at: https://www.caclubindia.com/experts/ask_query.asp



Anonymous
24 February 2014 at 12:52

Fixed assets

My client has purchased a property and following expenses paid by him
1) stamp duty
2) brokerage
3) surveying charges to a professional for knowing legal status of a property
4) loan processing fees for taking loan

i think all these expenses must be capitalized can any one correct me, if i m wrong. ASAP



Anonymous

SIR

CAN YOU PLEASE EXPLAIN ME THE DIFFERENCE BETWEEN SHARE CAPITAL/ AUTHORISED CAPITAL / PAID UP CAPITAL WITH AN EXAMPLE.


THANKS

MUKESH



Anonymous
21 February 2014 at 20:00

Proprietery/partner

3 people joined together to start a firm.one of them become proprieter the other two act as employees but three of them take equal salaries.they share profits equally.only proprieter files income tax returns the other two wont file any income tax returns.
Now my question is what is legal and what is illegal in the above. what steps to be taken to be legal



Anonymous
20 February 2014 at 19:40

Audit of esi

dear sirs / madam

sumbady tell me how to audit of ESI payments?

thanking you


Tanuj Kumar
20 February 2014 at 17:33

Filling of casual vacancy

who will fill the vacancy arise due to the resignation 0f first auditor and under which section


Sachin Jangir
20 February 2014 at 14:00

How to update my audit books

as we all know that ca final books are upadated upto a certian period so untill the next amedmend not available we have to wait so i would like to know the sites from which i can update my books on timely basis



Anonymous
19 February 2014 at 13:07

Depriciation schedule

SIR

COULD YOU PLEASE PROVIDE ME DEPRICIATION SCHEDULE AS PER COMPANY ACT & AS PER INCOME TAX ACT , ALSO TELL ME THE DIFFERENCE BETWEEN THEM.


THANKS

MUKESH KUMAR


Rajesh
19 February 2014 at 09:27

Check list to verify purchases!!!

Dear Sir,
Please can anyone tell me what are the check list and what are all the records to be verified for purchases by internal audit department in case of a manufacturing company.

Please explain me your answers will be highly appreciated.

Thanks & Regards,
Rajesh






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