Respected Sir,
i wanted know whats the impact on country currency and also for corporate s from fiscal deficit in budget

There is an investment in LIC of Rs. 50 lacs in the balance sheet of a superannuation trust. Now on maturity, this trust has received Rs. 80 lacs. What will be the accounting treatment i.e. journal entry.

At the time of investment, the entry made was:

LIC (Inv.) Dr. 50.00
To Bank 50.00

In my opinion : At the time of receipt of maturity amount, the entry may be:

Bank Dr. 80.00
To LIC (Inv.) 50.00
To ???????? 30.00

This ?????? is what i would like to know.

If we sale House and paid the proceed to bank for discharge the balance Housing Loan amt and interest

Then can we claim same for Inocme tax purpose
as Principal Repayment as deduction u/s 80C

And Interest on Self Occupied Property u/s 24 (2)

is C.A training & C.S training is almost same or not...??

Can any one tell the website address to download the exam application for cs inter June 13?

can we claim deduction of principal amt repaid of housing loan u/s 80 C that is under construction.

Sir

The educational society registered under section 12A of the Income Tax Act. The above said society is receiving security services. With reference to reverse charge mechanism as a service receiver does it require to take service tax registration and has to pay service tax ? Kinldy clarify.

Hello guys,

can anybody suggest me how to draft ground plan for service tax registration.

If possible provide me with one sample of it.

Pls reply soon as it is urgent.

I have come across an Invoice in Service Industry where excise duty is charged on furniture and the furniture is used in guest house. Whether Cenvat Credit on such furniture can be availed while making payment for Service Tax? If yes how much can be utilised in the current year?

Dear Sir,
I want to normalise a dormant company and want to file form 61 but at MCA site , in signatory details it is shown that The co. is in default of filing form Din3/Form 32.Since the co. has not filed its annual accounts since 2006-07. I want to know how i should file form DIn 3 and whether Din 3 is mandatory before filing Form 61 and what are the attachments needed?
Please Reply
Thanks & Regards
Anurag Gupta
Ph : 9818631349