Dear All,
One Of Our Client Want To Take Loan From Bank For Business Purpose.
He Want To Know How Much Can He Will Get On The Basis Of His Financial Statements.
Now, My Question Is -
(1)On Which Basis Of Financial Statemets, Commercial Banks Provide Loan To An Applicant i.e. Whether It Is Sales Or Net Profit Or Capital Or Assets ?

(2)I Found After Observing His Last 5 Years Financial Statements That His Turnover Is Increasing Rapidly But Capital Remain Constant i.e Net Profit And Drawings Are almost Same Every Year.
..Will It Has Any Impact On Decision Of Bank While Deciding Loan Amount ?
Thanks and Regards.

Can a real nephew (Real Brother's son) settled in USA gift money to his real uncle( Chacha) by way of remittance through Western Union/ Wire Transfer for the reconstruction/renovation of the family house. Is the money received Tax free or Taxable in income TAx ?If tax free under which section of the income tax Act?

Hi,
I want one clarification, if a student not able to attend GMCS training. Then what he want to do? Any provision are available ?

how to well verse ms excel

Respected sir,
i am a property dealer and my income for year 2012-13 is rs.726625 ang gross receipts is Rs.1127000


Please tell which return form should i file.AM i liable for Audit??

sir
anybody knows about the intimation from ICAI regarding registration for CA Final and can able to explain the procedure for it

A REGD.FIRM. HAVING STOPPED BUSINESS ACTIVITY AND THE ASSET,GIVEN ON RENT,THEREBY INCOME CHARGEABLE UNDER INCOME FROM HOUSE PROPERTY, CAN IT CLAIM DEDUCTION U/S 40(A) & 40(B) FOR INTEREST AND SALARY TO PARTNER.
OR WILL IT BE NECESSARY TO CARRY ON SOME BUSINESS TO CLAIM DEDUCTION U/S 40(A) & 40(B).
OTHERWISE WHAT TO DO TO CLAIM DEDUCTION U/S 40(A) & 40(B) OUT OF RENTAL INCOME ONLY?

A firm sells its property of book value 200000, wdv 10000 for 400000 and buys another property of same value.Capital of two partners 220000/-.How to adjust gains on sale of asset. The wdv shall have no effect as per income tax, but how to adjust in financial statements.Should gains be carried to Capital a/cs and show asset at new purchase value?Please comment.

Dear All
Is there any exemption on applicability of UPVAT on sale to military offices?

Please share your views.

Thanks in advance.

Last Date for Maharashtra Vat assessment for FY 2005-06 & FY 2008-09