Suppose, company has taken a loan of Rs 100 Crore @ 10%pa (General Borrowing) as on 1.4.2011 and out of this amount it has infused Rs 20 crore in its Project-I on 1.4.2012 and further infused Rs 30 crore in Project-II on 1.4.2013.

Now What will be the interest amount to be capitalized of Project-I and Project-II on 1.4.2014.
What will be the treatment of interest on Balance Loan of Rs 50 Crore.??

a trust has excess of income over expenses. can it claim expenses on purchase of Fixed Asset in its statement?

what will be its position in the same situation in case of more of expenses over income?

or
the answer is to claim expense on FA in both the situation?

Can we apply for Membership after 6 years of passing CA Final exam or is there any provision that our student registration no. will expire after 5 year?. Do we need to pay revalidation fee, if we register after 6 year?

Friends,

In calculation of service tax on immovable property service tax is calculated Gross rent (means Rent + Hire) or after added TDS amount (Means Rent + Hire + TDS )* 12.36% which process is right. Please clarify it.

Facts of the Case:- An Assessee is allotted a plot by HUDA in faridabad by draw of lot in 2006, in regard of which he pays certain sum in annual installment till 2013(amount :approx 5.25 lacs). To be Accurate
1st installment(2007) : 98000
2nd installment(2008) : 102000
3rd installment(2009) : 71000
4th installment(2010) : 67000
5th installment(2011) : 62000
6th installment(2012) : 58000
7th installment(2013) : 68000
Now in 2013 he decides to sell this plot for 23 lakh. Confirmations Required on following:-

i) Should i take COA as combined 5.25 lakhs with period of holding beginning from 2006 (i mean CII of 2006 for whole 5.25 lakhs which has been paid in installments later)
or
ii) Should i take each installment as per its year of payment and apply CII of that particular year


Thank you for your Replies in Advance.

what is an assertion level of risk in risk of material misstatment ??? kindly explain with examples

Suppose mr.A has proprietary business of retail shop whether he is required to make provision for income tax if income of retail business is subject to tax audit u/s 44AB. or whether it is his personal liability therefore not to be shown in business accounts.

i know in this fast growing economy share markets play a vital role. but i here know nothing about it. so plzz help. and let me know everything of share markets. from top to toe.. thanks in advance..

HIII CAN A SINGLE MAJORITY SHAREHOLDER CONDUCT A MEETING?? BRIEF BACK ROUND IS HERE I PURCHASED SHARES OF THE COMPANY AND I AM THE MAJORITY SHAREHOLDER THE DIRECTORS OF THE COMPANY ARE NOT RECOGNISING ME AS A SHAREHOLDER BUT THE TRANSFER OF SHARES WAS DULY DONE AS WELL I HAVE THE LETTER FROM THE REGISTRAR OFFICE SHOWING THAT CHANGE.....NOW WAT I WAS THINKING TO CONDUCT EGM AND REQUEST THEM TO CONVENE EGM IF NO ONE CAN APPEAR CAN I HOLD THE EGM ALONE AND PASS THE RESOLUTION TO KICK OUT HE DIRECTORS AND PASS THE AGENDA THAT I AM THE NEW DIRECTOR PLEASE GUIDE ME I WILL APPRECIATE

After payment of late filing levy u/s 234E, is there any need to file modified online TDS return to reflect payment of this levy? Or, will the Income Tax department reconcile the same on their own?

Thanks