Dear Sir,

I have registered for IPCC in september 2012 for May 2013 exam but i have filled the exam form for May 2013 want to give exam in NOV 13

Is it compulsory to give exam in May 13 or can i give exam in Nov 13?

is there any rule that Direct Entry Students have to exam in May 2013 who have registered in before october?

I want to give exam in Nov 2013.
Pls inform me.

Thanks & Regards,
Anita

Dear Members,

I have sold my 10 year old flat in April 2012 and registered & got possession of my under construction flat, which I had booked in December 2008, in May 2012.

Can I show my long term gain in the new flat as technically the construction of flat is within 3 years (1 month) from the sale of my old flat.

Dear sir,

I am intrested to get in detail regarding pf esi (ie date of submission, form to be submitted,last date of submission of form in quqterly or monthly, entries which is we have to entered in tally for charging pf & esi.

i got exemption in accounts in may 2012 ipcc exams but not passed the group.and now i gave november2012 attempt i got 61 marks in law tell me whether i got exemption in both the subjects in may2013 attempt or only in accounts...........

Please let me know, whether foriegn exchange exchange fluctuation is allowable as expenses as per income tax act 1961, if so please give me terms and condition for allowability of this expenses

Dear sir/madam

The amendments made in the income tax act are from with effect from some date. Now say an amendment is w.e.f 01.04.12. Does it mean that it is in effect from assessment year starting from 01.04.12 or previous year starting from 01.04.12?

Thank you for your time

Resp. sir,
I would like to know when i will be eligible for my CA final exam, please help me out with the following details,
My article ship Reg date - 19th May 2011
My article ship completion 19th May 2014,
As per norms my 2.5 yrs comes and end at 19th November 2013, so would by any reason institute will allow me to attempt Nov. 2013 or it will be May 2014, please help me out and also please inform me if i am wrong on any of the above mentioned facts.,

i sold land and earned long term capital gain. i invested whole amount of sale proceeds of land in residential house booked with builder. as per rules the possession of residential property in which long term capital gain has been invested should be taken within 3 yrs of sale of property . what will be consequences if builder is unable to give possession of residential house within 3 yrs although whole amount of sale proceeds was paid to builder within 6 months of sale.

Dear Sir,
There is a partnership firm, commenced on 01-02-2013, and firm has 3 partners. Firm will carry on the business of bricks manufacturing. One partner has provided his agriculture land for the formation of kiln and also invested around 12 lacs.
Now please advise on following points-

1.Whether firm should pay rent to that partner or give him interest @12% on the market value of land, by considering it his capital investment.

2. Suppose market value of that land is 15 lacs, then what should be opening balance of capital a/c of that partner-
A. 12 lacs + 15 lacs = 27 lacs.
B. Only 12 lacs that is invested in cash.

Please clarify.

Hi friends

I want to discuss upon the concept of accounting entries and presentation aspect in case of foreign currency revaluation and translation.
Can you confirm or object (with Detailed explanation) if my below statements are correct.
* FC Revaluation is done always prior to FC translation.
* In case of FC Revaluation, one side of entry goes to Revaluation asset/liability account while the other one goes to FC Revaluation gain/loss account I.e. P/L account.
* In case of FC translation, both side of entry goes to Translation asset/liability/equity accounts of Consolidated B/S. This is the main part of my query on which I want views.

Please share your knowledge and experience keeping not only Indian but IFRS and US accounting in consideration.

Kind regards
Arjun