I WANT TO KNOW WHICH SET OFF IS AS PER RULE & CAN POSSIBLE TO DO..?

QUE. - FIND SET OF FOR AY 2012-13, -- iNDIVIDUAL HAVE SPECULATION LOSS C/F FOR AY 2011-12.RS.600000/-

INCOME OF AY 2012-13 IS INTEREST RS.3300000/- , SPECULATION INCOME RS.700000/-, BUSINESS LOSS INCULDING (INTEREST PAID OF RS.2900000/-) RS. 3100000/-

WHICH ANSWER IS CORRECT

OPTION 1 - SPECULATION INCOME 700000 - SETOFF LOSS OF AY 2011-12 RS.600000/- = NET 1000000/-

& INTEREST INCOME 3300000/-- CURRENT YEAR BUSINESS LOSS SETOFF rS.3100000/- = NET 200000/-

OPTION -2, SPECULATION PROFIT 700000 - CURRENT YEAR BUSINESS LOSS SETOFF UP TO rS.700000 = NET niL

& INTEREST INCOME 3300000/-- CURRENT YEAR BUSINESS LOSS SETOFF rS.2400000(31-7)/-= NET 900000/- & LOSS OF SPECULATION OF AY 2011-12 600000/- TO BE C/F



OPTION -3, INTEREST INCOME RS. 3300000- INTERST EXPS. RS.2900000= NET INTEREST 400000

BUSINESS LOSS 3100000- INTEREST EXS.2900000= 200000 NET BUSINESS LOSS

INTEREST 400000 = NET INTEREST INCOME 400000

SPECULATION PROFIT RS.700000/- - CY. BUSINESS LOSS SET OFF 200000- PY SPECULATION LOSS RS. UP TO 500000= NET NIL & LOSS OF SPECULATION AY 2011-12 CF RS.100000.

I WANT TO KNOW THAT FROM WHICH DATE " COMMODITY TRANSACTION " IS CONSIDER AS BUSINESS TRANSACTION ????????????



ALSO WANT TO KNOW THAT " COMMODITY TRANSACTION TAX " IS CONSIDER AS BUSINESS EXPENCES AND ALLOWED TO BE AS BUSINESS EXPENCES FROM WHICH DATE ??

Dear Sir I have registered for article-ship training under direct entry scheme during the month of January 2013, yet i have not received the letter for completion of registration nor any acknowledgement for the same...
pls help

1.Actually sir our company have turnover rs. 30 crore, loan is 15 crore and total 10 employee, is as 15 applicable on our company?
2.If as 15 applicable then for provision of gratuity, leave encashment etc. actuarial valuation repot required, if yes then in what format large or short?

Hi

As on 30th March 2013, in our bank account there was balance of Rs. 500000/- and on 31st we have issued cheque of Rs. 700000/- So as on March 31, 2013 there was an negative balance in our books of Rs. 200000/-

What will treatment of Negative balance of Rs. 200000/- in Balance Sheet as per Revised Schedule VI

thanks

Suppose we have a profit of Rs. 7.00 Lacs in Current year and brought forward losses of Rs. 11.00 Lacs so while taking setoff of brought forward losses in current year Deduction under Chapter VIA upto Rs. 1.00 Lac and Basic exemption Limit of Rs. 2.00 Lacs should be considered thus reducing the brought forward loss only by Rs. 4.00 Lacs and balance to be carried forward Rs. 7.00 Lacs

how is Alteration of shares ( i.e sub-division , consolidation and conversion ) during internal reconstruction benefial for a company ?

dear sir

in traces, I AM UNABLE TO DOWNLOAD FORM16A FOR F.Y 2012-13, Q3 AND Q4,

MESSAGE RECEIVED WHILE DOWNLOADING "Download request cannot be submitted as statement has not been processed for selected Financial Year, Quarter and Form type"


PLEASE HELP ME ON THIS ISSUE

Hi..
Im doing 1st year articleship.Iam willing to get transfer from the current firm and i have send the articleship registration form to the Icai on 27/07/2013.I have cleared group 1 in nov 2012 & group 2 in may 2013 attempt. Now my question is whether my articleship form would have got processed & whether i can send form 109 & will the Icai accept form 109 as i have not registered for ca final yet.

Dear Sir,

I have degree of M.Com & experience in accounts more than 8 years. Also working as an accounts executive in a Pvt. Ltd. Co.

I want apply for professional course. Can you advise to me which type of courses suitable for me excluding CA.