Suppose a person is having construction business, he purchased a plot of land for Rs 50 lakhs in 2000-01 & sold it to a firm in which he is a partner for Rs 96 lakhs in 2012-13. Whether it is a capital gain or business income? His business is construction business & not purchases & sale of land. If it is a business income whether he is liable for tax audit?

Provision regarding Loan from Directors in company law?

DEAR SIR

IS IT NECESSARY TO PASS JOURNAL ENTRIES AFTER COMPLECTION OF BANK RECONCILATION STATEMENT ?


GIVE ME SOME DETAILS OF BILLS PAYABLE & RECEIVABLE , HOW TO WORK ON THAT & HOW TO MAKE THE PAYMENT TO CUSTOMER & VENDORS

REGARDS
PRADIP

I'd written May-13 exam for IPCC but didn't clear any group and I've completed my ITT Training program but still I've to complete Orientation Course. Can i get convert Direct Entry Scheme of IPCC and do my Orientation classes afterwards or i've to complete first my orientation and then convert to Direct Entry Scheme??? Please Reply...

sir my salary income before chapter VI deductions is 5,20,000.
but after 80C net taxable is income is 4,20,000.
now my question is can i submit IT Returns compulsory or Not?

My client has deducted TDS on the payment made for the purchase of Furniture & Fixtures (Fixed Asset in his balance Sheet). The total amount paid is of Rs. 3,95,201/-
Whether this is correct? and if yes under which section will this be covered?

Dear Members,
My client is a car broker. He receives commission as a broker. He wants to take a loan to expand his business and came to me for ITR.
I have to file his income tax return. Now how should i file the return as it will be appropriate for loan.
He does not maintain any papers and records of the book.
Which form should i select??

Thanks & Regards

I was a student in the CPT-PCC-Final Scheme. I had registered for PCC in Dec 2006 and cleared Group 2 of PCC in Nov 2009. I have also completed 250 ITT Training under that scheme, and also completed 3.5 years articleship. I had quit the course due to personal reasons and now i wish to continue..

Can some one please guide me as to if i can give Nov 2013 attempt for IPC and which subjects i need to attempt as i have cleared Group 2 in the erstwile PCC. Also, if any additional ITT training is required and will i be eligible for May 2014 final if i clear IPC in Nov 2013

Please guide me

I am an NRI and would like to open a company,alongwith resident Indian,that can do trading/sale purchase in shares, mutualfunds, immovable property etc. in India.

How shall I proceed and what procedures I have to follow?

sir, i have passed group 1 of ipcc in may 2013. my itt training is completed but op is not completed. in op there is full for august month. what is the last date for submit articleship form for may 2016 final c.a attempt? how can i start my articleship? what is the preference regarding orientation programme? please help me