Hi..! I've decided to take my articles in a mid size firm. Am totally confused of what is going to happen during my article-ship(what part we ll be trained first??) Can we get habituated for the practical training easily since we learnt theoretical aspects till date. I secured 207/400 in Gr1. My friends said me articles will be first introduced with VOUCHING.. is it true??? also should we take interview aspect seriously for a mid size firm??

With regards

A Company has given a Property on Rent(much more than SSI limit of Rs.10 lacs). It is paying Municipal Taxes. The Property is on the Company's name. However, the Municipal Receipt is still issued in the name of the Builder. Payment of Municipal Taxes is being made through cheque from the Company's Bank Account. Whether deduction of Municipal Taxes under Notification 29/2012 is available? Any case law for such a scenario?

dear sir,

use of unabsorbed depreciation is only for one time ( means for mat or normal tax computation)

for eg.

net profit as per P&L a/c is (11-12) : 1,00,000/-

depreciation as per companies act :45,000/-
depreciation as per income tax act :40,000/-
provision for gratuity :25,000/-
int and penalty on service tax :10,000/-

and unabsorbed depreciation is as under

10-11 is 30,000/-
09-10 is 20,000/-

and carry forward loss before depreciation is

10-11 is 25,000/-
09-10 is 32,000/-

now when you calculated mat u/s 115JB

You will utilized unaborbed depreciation and carry forward loss which ever is less ?

when you used that amount ( which ever is less ) you cant use that amount for normal tax calculation if you used for mat calculation

how to solve this illustration and what will be the carry forward amount of ( unabsorbed depreciation and carry forward loss ) for mat and income tax calculation ?

thanks

Dear All,

There is a person called 'A' he let out his House property (huge) to 'B' for rent. After few months the tenant is not in a position to pay rent & also not willing to vacate because (he had done some interior designing to the property)but even the landlord is not able to findout the value of interior designing so on their mutual understanding landlord is paying fixed amount to the tenant(as a compensation) every month till eight years for vacating the property.

In the future can landlord claim setoff that compensation amount aganist future rental income?
If yes as per Income tax Act let me Know.

Hi
Please Refer me Advance management Accounting good book for self study

thanks in advance

Sir,
1.What is the minimum gap required for CA Final registration and CA Final attempt?
2.I got registered for articles on 10/12/2012.when can i get my final attempt?

Please help me sir.........

dear sir/madam,

Mr.A is a register dealer in Tamilanadu, he purchased goods @5% with in the state, and he sold with in state after some changes @0%(zero rate).
my query is- is he claim input credit on the goods purchase against his total output?

thanks & regards,

siva

capital gain arise from sale of residential house property

it is compulsory to invest same money for purchase of new residential house or assessee can claim exemption using money of housing loan

any case law???

plz ...Advice me tht how to Study for CA final both Grp. i Gave 2 attempts & couldn't pass. Which books or notes should i Use !! and what shuld be the approach of Study !! to Get perfaction or to Build Confidence !! plz plz plZ reply !!!

I have a flat A in Navimumbai worth 35 lacs (with loan of 10 lacs ) and have purchased another flat B in Thane (with loan of 75 lacs ). Both properties are in ready possession. Since i have my office in mumbai. Can i claim HRA, show the 1st and 2nd property let out ?
Also since i would be eligible for incometax rebate of 1 lacs towards principal and 1.5 lacs towards interest towards Flat A . Would like to know if i can claim the additional interest born on Flat B which would comparatively be high approx (5-7 lacs per annum). Is there any limit on the interest to be claimed on FLat B