GUYS.. pls help...

For PCC exam, auditing.. is the auditing standards cd/material issued by the institute very imp. from exam point of view? or is it enough to be thorough with audit assurance material... i think it contains the relevant points of auditing standards...

If a building is revalued then is the revalued amount subject to deprecation as per Income Tax Act, 1961??

XYZ is a Trust registered under Bombay Public Trust Act, It has A scheme permitted by its bye laws to allow its members to pay membership charges (which will form part of corpus Fund) in Installments. But few Members defaulted in paying the Installement Due on specified Days Managment therfore decided to forfiet the money recived
Is there any provision to show such forfeture amount, if yes where it can be shown

Hi,
I am doctor and my professional income for the financial year 2007-08 is Rs.4 lakhs. During the financial year i traded in F&O. The gross sales in F&O is Rs.369579265/- and purchase value is Rs.370845054/-. The net loss amounted to Rs.1265788/-. Do i come under the purview of Sec 44AB.

Regards,
Priya

hi,

i wanted to know... if after calculating the wip.. for a real estate co as per AS7.. shud we pass any journal entries for the same.. how shud the income n exp be shown in p&l a/c aftr calculation??

We have godown at X Place Purchase cost 100000/- & WDV Rs. 50000/- & the same is sold for Rs. 150000/-. In same year, We also purchased another Godown at Price of Rs.120000/-. In this case, What will be treatement of Assets for Depreciation ? & How it will be calculate in this case.

Sir,

My query is can we adjust the ROC related expenses to raise the share capital against the Share premium account.

Where the entire raised share capital was issued immediately.

If so Sec.78 usage of Security premium is questionable?

hi,,,,,,,,

if any body having it, then please forward it to me

hi
how should we vouch & verify customs duty?
someone pls guide me.

hello friends..
i am doing audit of co.who has not reversed the credit availed on purchase of goods when these r returned
so now as an auditor what should i do?
bcoz all types of vat returns has already been filed by co.
n what will b the solution now
as an auditor,whether i should make it correct or
what to do?