answered my c.s professional thrice but not able to clear even 1group.had registerd for proffessional in 2011. now my registration validity is due to expire in next month.i have got 2 query
1whether i am capable to continue or passing inter was a fluke?
2 can i enroll for the new scheme as i am also eligible for denovo as well?
n yes i really thank ca club for the forum !!!!!!!

In a problem of my daughter,s B.Com. exam, under the head-income from other sources following detail appeared.

VALUE OF GOLD CHAIN FOUND ON STREET Rs.30000/=

How to compute it? Is it liable to be accounted for and taxable? Pl. guide. Exams today.

An agreement to sale was registered at the time of booking the flat in Feb 2011. The building is under construction and no possession is handed over by the builder.
1. if the flat is sold in June 2014 will there be long term capital gain?


2. If the flat is made ready and possession is handed over and then the flat is sold. Whether will it be a long term capital gain?

service charge charge from customer is coming under which head?

i'm going to give cpt june 2014 exam. i m a good in all subject xcept math. i belive that i can score 110 + out of 150 but now minimum 30% is requried in every subject.. i dont knw xyz in math..thats why there is a high chance to be failed in math.. plz suggest me what shoul i do... CHARTERED ACCOUNTAND Is my Aim..i Can do it..But Maths ????

Is it mandatory to give case law names in the exam.......I remember the content and the respective decision.....but the case law names get confused more often than not.....will majority of the marks get cut for not writing/wrong case law names? If we do not know the case law name how do we start the answer? Kindly help since the exam is day after

Please help me in accounting treatment of Provision of Interest as on 31st Mar, 2014 on Interest on Secured Loan from FI.

Also note that in Acct. St. of FI EMI for March month due on 5th April.

My Concern is that:
(i) Whether we need to create provision for March month?

(ii) If yes, does any requirement to deduct TDS on it?

Thanks

Can anyone please explain me what is the difference between date of transaction and date of booking in form 26as with the help of an example? ? Also please xplain whether the amount of refund mentioned in form 26as is inclusive of interest or not?? Please use xample for xplaining. waiting for d answer

in balance sheet closing stock of the year at cost or NRV whichever is lower is shown. then what about the the stock of previous years which is still remaining in godown??? where we will show such stock??

Dear Friends,

I don't know whether this is the correct forum for asking this query. My query is regarding transfer of Liabilities from one group company to another group company.

'X' is a group of companies consisting Company "A" (India), Company "B" (Africa), Company "C" (Singapore).

Company "A" in India is exporting raw material to Company "B" in Africa and export invoices are being raised from Company "A". In Company "B"'s books outstanding liabilities is on the name of Company "A" and payments are also made to Company "A" through Bank Transfer.

Now Company "A" wants "B" to transfer all its liability on the name of Company "C" in Singapore and make payments to them. All the invoices which "B" has received till date are from Exporter company "A".

What is the procedure of doing this liability transfer from "A" to "C" in "B"'s books? What will be the legal procedure to follow or just a letter or instructions from "A" would work.

Also, at the time of bank transfer bank requires copy of the invoice as proof and all the invoices are of Supplier Company "A"'s name. If we transfer money to "C" on behalf of "A", still bank needs an invoice from "C".

Kindly help me in this regard. An early response shall be highly appreciated.

Thanks in advance.

Ajay Singh