The assessee is a society registered under Indian Societies Act, 1860 formed for charitable purpose & accordingly registered under sec. 12A of Income Tax Act.

During the A.Y 2013-14, the assessee has sold its land, receiving Net Sales consideration of Rs. 1 crore.

The cost of land purchased in F.Y 2001-02 was Rs. 2 Lac.

During the year assessee incurred Rs. 40 L as land development expenses.

These expenses were incurred to construct boundary wall and filling up the land sold during the year.

The society donated Rs. 50 Lac to a separate trust having charitable object of providing medical facilities.

The donee trust is also registered u/s 12A and 80 G of Income Tax Act 1961.

Please advice, how the sale consideration will be treated.

what is meant by GL accounting process?
plz tell me roles & responsibilities of GL accounting process

i am going to audit a government college

please guide me how to proceed and format of audit report if

its under society or if not under society...

please urgent ....

thank you

whether TDS paid is debited in the profit & loss a/c is disallowed ? if yes under which sec?


(Actually this firm is not collecting any tds from payment. so tds collected not in their a/c. They just paying Tds to avoid disallowance of expenditure.)


waiting for reply

thanks.

Whether a company becomes automatically a holding company after acquiring 51% or more voting stake in another co.

When CLB permission is required for payment of dividend? What is the procedure for paying dividend out side India (all the shares)? Please help on this

hello sir, i want to know that whether 3cd form is also attached while auditing under section 44AD.

Dear Experts,
I have made transaction about 16 lacs cash deposit & 15 lacs cash withdrawl durring the year. The case is selected for us143. There is no Cash Flow durring thg the year but officer made penalty of Rs.396400.00 for cash transaction in saving Bank Ac.
Now what can i do.
Please Answer me ...

which book do you recommend out of the following for studying SFM for self study??
J B Gupta
Rajesh Makkar
Ashish Kalra

I have completed my Graduation and as of now articleship is going on. I want to get an advice whether which course shall be beneficial for me to join as of now. Please recommend me the professional courses that i should pursue along with CA or the course that I should join after CA or Should I get enrolled with CS or start preparations for MBA Entrance?