Sir,
There are three partners in a firm and one is retiring.So his capital is settled by giving him land.
My query is:
a)Wheather value of land is to be taken on market value or book value?
b) And say, If book value of land is 5k and its market value is 8k, then who will pay tax on capital gain and at what rate?

sir/ma'am,

I have recently passed IPCC both groups in second attempt with 385 marks. Now I have to go on Articleship but here is a very big problem. There is no earning member in my family now so i have to take the responsibility. please tell me what should I do for my survival.

my skills: good in computers & fluent in english.

Plz. tell us from when our stipend will be increase?

Friends please tell me

If the input vat credit for the year ending full amount not claimed then when it will show the balancing of Input Vat credit amount in the year ending

My company having input vat more than out put vat . So for the year ending 31.03.2013 when it will appear in the books.

Which is the best book for ca final Accounting standards.M P Vijay or D S Rawat for self study.
Both are recommended by ICAI,please help.

I have also heard of S chand's book on finanial reporting and accounting standards.Please help am confused which book to buy for self study

Dear Expert,

For Housewife's received monthly Rent of Rs 50000 for the FY 2012-13. How to calculate Income Tax & Return filling.

Thanks in Advance.

The branch office of a company is in maharashtra. company registered is in gurgaon. Now a person which is in employment in the company, and serve his duty in maharashtra then, is professional tax applicable on him?

E-filing must for those earning more than Rs 5 lakh- 10 lakh. The Economic Times(06/03/2013)
Please comment

I want to purchae one asset. Two options are available for me. Either to make up front payment or deffer it.
It is agreed with the supplier to pay Rs. 1,00,000 after 28 months. Present rate of interest for my FD is 9% p.a.
Now if I want to make up front payment what would be the present value of Rs. 1,00,000 to be paid after 28 months. FD interest is compounded quarterly.
I am finding difficulty in calculation of PV. Can anybody help me in this? What is the formula to be used?

In case of Pandap or Shamiana services providing full catering services abatement is 70% . This is called to be a partial abatement.
However in works contract option is provided that 4.8% of the gross amount charged can be paid. Does this also called as partial abatement as this type of option is different from the above prescribed one?