1. mr.x transferred an asset to mrs.x for inadequate consideration so wealth tax is taxable in hands of mr.x
2. mrs.x purchased gold with the sale proceeds of asset in second year.
gold is taxable in whose hands

3. mrs.x purchased guest house out of sale proceeds of above gold in third year
guest house is taxable in whose hands

hi sir one of my frd has done his pcc registration on 6 aug 2008 but he didnt got his pcc registration conformation letter . what he should do sir ? how much time it will take for the letter to come sir . can u give me tha phone no from which he could enquir ? sir.

CAN STIPEND OF ARTICLESHIP BE RECEIVED IN CASH?

IF NOT THEN GIVE ME SOLUTION OF THE FACT THAT I HAVE RECEIVED STIPEND IN CASH

SIR I AM PCC STUDENT AND I HAVE COMPLETED MY 18 MONTHS ARTICLESHIP . BUT I HAVE RECEIVED MY STIPEND IN CASH IS THERE ANY PROBLEM IN THAT .

PLZ REPLY

Pls recommend some reference books for all subjects of PCC!
Hw can i get books of authors who teach at coaching classes, unless i join them?
ARE THEY FREELY AVAILABLE IN MARKET?
i hav already joined some classes n cant back off now!SO cant join any suggested professors now.

RESPECTED SIR,
MY SIR WHERE I HAVE DOING MY ARTICLESHIP HAVE PAID THE YEARLY MEMBERSHIP FEES BY ONLINE .
BUT THEIR ARE NOT HAVE ANY CONFIRMATION AND OTHER PROOFF OF DEPOSIT OF C.A. MEMBERSHIP FEES
PLEASE REPLY SOON
FROM,
UMASHANKAR VAISHNAV
S.K. SUREKA AND ASSOCIATES GWL
MEM NO 401203

I need some clarification on sec.40(a)(ia)

The facts of the case is as follows:
ABC Private Ltd has made a provision for payment of commission of Rs.4 lakhs during the Financial Year 2005-06 ie.on 31/03/06 to Mr.X, the director of ABC Private Ltd. At the time of Scrutiny Assessment u/s 143(2), the Assessing Officer disallows the amount of Rs.4 lakhs on the ground that the TDS amount though deducted at the time of credit to the account of the director on 31/03/06, but the same is actually remitted on 31/10/06 to the account of the Govenment.

(i) Is the action of the A.O. justified for the disallowance ?
(ii) Is there any remedy available to the Assessee ie.ABC Private Limited.
(iii) Does Sec.40(a)(ia) and Sec.43B co-exist?

Regards,
Dixit

Respected All,

What is the meaning of Opportunity Cost? ple give detail answer with example.
Awaiting your valuable reply.
Mail id: rsjinde@rediffmail.com

Sir,

I completed my PE-II & CCT, I want to do my articles - BUT

I am working in an Audit Firm, it is in Dar Es Salaam, Tanzania, East Africa. In this Audit firm one of partner is FCA.

i want to know if chartered accountant practising in abroad(i.e. Tanzania, East Africa) is it possible to do articles here.

please guide me ... i don't want to discontinue my CA Studies

what is the accounting treatment of following items

1.forex difference of principal amount of loan taken for purchase of fixed assets

2.forex difference of interest on above loan