Where to show land Purchased in a Construction Business??? Do we have to debit it to P&L a/c ????

how to account cash credit it like loan

A private or limited Company Asst.year 2012-13 (31.03.2012)

Net sale = Rs.80,00,000/-
Net profit = Rs. 40,000/- (after all exp)

is U/s 44AA AND 44AB both will apply or not, or which one will be applicable.

please advice

regards

is revise schedule 6 applicable in questions of branch accounting?????

Dear Sir,
My mother has only interest income below taxable limit. In her case it is good option to submit form 15G
or
Let the tds to be deducted and then file her return for refund.

Please advise me. Whether it is mandatory to file return for those who has submit form 15G?

I have a valid PAN card for 5 yrs now but for some reason, I am not able to login to IT website (says invalid surname/ name) .

Also I've read that the 5th digit of the PAN should be the 1st alphabet of surname. For me this isn't the case. Is this the cause of the problem? How do I get this sorted out ?

Got an email from CPC which reads like this. Not sure what this means and what I need to do. Can someone help to explain ?

Ref: - E-Filing Acknowledgement Number XXXXX Dated 20-07-2011
Your return for the above mentioned assessment year will henceforth be rectified by your Assessing Officer
. You are requested to contact your Jurisdictional assessing officer for any rectification related issues

We are in trading business as Industrial suppliers. We purchase welding electrodes and consumable products from manufacturer; they bill us including excise duty. These products we sell to our customers working in manufacturing field. They use these products in production process. Now, can we bill inclusive of excise duty to our customers so that they can set-off excise duty, or is there any provision for set-off of excise duty from vender to customer as we are middleman trader in them? Any other way to set-off against other taxes?

my uncle has a residential house in Agra which is self occupied by him..n now he wants to claim interest on borrowed capital on the same under house property income....he also wants to claim HRA on a house in Mathura...so can he claim these exemptions or not.?

hi plz tell mei last date of submit acticleship form in icai for nov 15 attempt .