Which option from below is correct?

When a fixed asset is acquired in exchange for another asset and the assets are Similar then new asset may be recorded at:

Option I

Net Book Value of asset given up
Add/Less Balance receipt or payment of cash or other consideration
OR
Option II
Fair market value of asset given up or book value of asset given up, which ever is lower. ADD/LESS: Any additional payment or receipt.

I will be very much thankful to you.

i am working as a senior prof. i am interested for ca exm. can i join this cource. what is rules for articalship.plz.guide me.

I completed my IPCC both groups in NOV2011.
Since I completed my both groups at a time I registered for CA Final as per rules.I got CA final books in 2012.I got attempt in NOV 2014.There are so many amendments in Income Tax.How I can get books of CAFINAL regarding 2014 syallbus without paying money.

Sir my final attempt is may 14 can i register after november 13 icai for ca final level and wheather any complications if i will late register fo ca final

Why deemed dividend u/s 2(22)(e) is nt covered in 115O? Is it writen anywhere in act?

I am ca final student My attempt is may 2014 I want to ask that which reference book is preferable i.e. In which there is easy language and another question is that is there any change in entire IDT in November 13 and may 14 attempt I want to read a book which all reference books are available for nov 13 so I should buy it or not

My Client is engaged in Mining Operations. He owns Excavators, Loaders, Trucks & Dumpers for the said purpose. He is constructing a Guest House/Office and Site development. He shall be purchasing Air Conditioners (Capital Good - Tariff 8415), Plywood and Stones like Marble/Granite under Excise Invoice. Can he avail and utilize the Cenvat Credit on such goods towards payment of service tax on 'Mining of Minerals Service'? Plywood may be used for Furniture at site/office or for alteration of body of Trucks. Stones used for beautification of site.

Is it necessary that the input/CG must be directly used for providing the output service?

what do u mean by preliminary expenses ?

One of My friend has availed an housing loan from N B F C (Non Banking Financial Corporation). he is paying E M I Comprising of Principal amount and interest thru his S B account maintained with a Nationalised Bank. I would like to know whether the provision of Section 194 A ( T D S on interest ) applicalbe in his case.
Kindly guide me in the above.

In Q2 TDS, As per 1.10.2013 Rule New FVU Version not accepted Nil Return so, Please guide me, How to file Nil TDS Return or non-filling TDS Return. Please help me, Thanks