Sir,
My name is Nikhil Prakash.I am an IPCC student,planning to do B.com after clearing IPCC.
I want to do B.com of IGNOU or Bharathiar University,which give exemptions for several papers,for students who have cleared IPCC.
Which university's B.com is better?IGNOU or Bharathiar?

asse earned only agriculture income.which itr i file and how to file for loan purpose only.pls answer immediately.

Hi,

I m Extremely Confused over the depreciation rates, Of the income tax act and the company act 1956.

when Co. Rates Act are Applicable and when incometax rates are applicable and to which entity like co., Propreitorship firms,

My client "Mr A" is a cargo agent who utilize Indian Railways for transport of cargo. The client has obtained a bogie on a lease contract from Indian Railways for transport of cargo for a fixed sum to be paid per day. The railways charge service tax at 3.71% i.e.....(12.36% * 30%). The lease contract is the result of his qualification in the sealed-bid.

Due to increased volume of business, the client has taken a sub-lease of bogies from another lessor "Mr B" who is also a legitimate bidder to the Indian Railways.

For utilizing the bogies on lease basis, Mr A pays premium to MR B.

Since MR B is the original bidder, the liability to pay tax is on MR B. Can MR B pass CENVAT CREDIT to MR A's for paying service tax ? In the above case, MR A is collecting tax on MR B's behalf, would this be legally wrong ??

Mr.X had acquired a land in the year 1990 to set up a manufacturing plant which was permanently closed in the year 2008 thereafter in the year 2009 an agreement was made with a builder M/S ABC Developer Pvt. Ltd. for constructing a residential complex in the same land owned by Mr.X. The construction of residential complex was finished on February 2012 and Mr.X received certain number of flats from M/S ABC Developer Pvt. Ltd. as a consideration against the land which was given to the developer for constructing the residential complex. Mr.X sold all the flats on December 2012 and earned good amount of Capital gain.
I want to know that the Capital Gain earned by Mr.X will be considered as Short Term Capital gain or Long Term Capital Gain and what will be the rate of tax paid by Mr.X.

Can an individual lend money to an individual. Can he charge consideration for such lending. If yes, plz specify the maximum rate at which such lending can made Plz provide the format of the loan agreement to be executed for such transactions.

What document shall the lender asks from the borrower to safeguard his own interest in case there is default in repayment of loan or there is a breach of terms of agreement.

Dear friends!

Kindly suggest the books/notes for ICWA stage 4(final). I want to do self study.

The subjects are:

Financial accountings

EPM

Cost and operation Audit

Business valuation

I will be highly obliged if anyone can provide me the notes/direction. I am in new delhi

Q. Sir with due respect, I want to know what is main work of CEO and how company justified such huge amount pay as salary to CEO.

Dear sir
I made one entry for creating pro.for doubtful a/c

1,bad debt a/c dr 10,000/-
to
prov.for doubtful a/c 10,000/-

2,prov.for doubtful a/c 10,000/-
to
account receivable

after some time i received the above cash
i made entry like this

3,cash a/c 10,000/-
to
receivable 10,000/-

4,account receivable 10,000/-
to
prov. for doubtful 10,000/-

5,prov.for doubtful a/c 10,000/-
to
bad debt a/c 10,000/-

sir this entry which i have passed is correct or not please help me

Q. My company sell Machinery (Final Product) to Bangalore Based Company which is exempted from Excise due to STP, but our company based on NCR. We don’t have such exemptions. Sir I want to know how we will pass the Excise Duty to that company. OR Accounting Treatment of this transaction. That company not ready to pay Excise duty.