As per AS 30,31,32 -What is procedure for

1.accounting of Equity shares , their loss/ gains and

2.accounting of Futures and options.

in case of INVESTMENT COMPANY.
(both intial and subsequent measurement)???

Further what is the procedure of accounting of Collateral Shares appearing in Balance Sheet in opening stock ??? (Pledged for Mark to margin money of futures with their Broker. The Broker has the right to sell it)

PLEASE EXPLAIN IN A LAYMAN LANGUAGE. IN A SIMPLER WAY.

Dear members
I am preparing IT Returns of my client for 5 years and need to file all years returns at a time because of a notice received from IT dept. in doing that work, I lost one of advance Tax paid challan for financial year 2007-08 for which 26AS details not available in ITD Website. how to proceed further to claim the advance tax paid without having proof of payment...please guide me in this regard as soon as possible...

Dear All,

Can exemption u/s 54 be denied on the grounds that assessee had not filed return of income?

An assessee had sold her residential flat in F. Y. 2009 – 10 and purchased a new flat by investing the entire sale consideration of the old flat. The entire purchase consideration of new flat was also paid in the same year itself i.e. F. Y. 2009 – 10. Since, she did not have any other taxable income; no return of income was filed for the A. Y. 2010- 11.

The Assessing Officer has reopened the assessment for A. Y. 2010-11 so as to tax the LTCG from sale of old residential flat, by denying exemption u/s 54 on the grounds that no return of income was filed u/s 139. Is the stand of the AO correct?

Is it mandatory to file a return of income in order to claim exemption u/s 54 of the Act?

Are there any case laws on this matter?

Thanks & Regards
Niki

If a car is purchased on Director's name (invoice and RTO tax on Director name) but use of vehicle is purely for company. Then can we book this car in a/cs of Company and take depreciation on it. Or else what will be treatment. Pls explain

Why gifting of esop is included in transfers whereas gifting any other asset is excluded from transfers?

Sir,
This time my final ca marks was
Account 35
Mafa 45
Audit 42
Law 42
Total 164
Costing 30
ISCA 33
DT 27
IDT 38
Total 128
please advise me how to improve group 2. and how iam passed in upcoming exam in may 2013.

Dear All

explain its process and discuss what are the problems involved in implementing strategies.
please help me... i am waiting for your answar...

Regards
Chandrashekar

Dear Sir,

sir due to some reason we are unable to file return for the A.Y.09-10,10-11,11-12 & 12-13.He is audited assesses (ie T/o exceeding describe limit under IT Act). Now my question is can we file a return & claim the refund for above mention year & what penalties are levied on us?(we also not received any Intimation from IT Dept.)

plz tell me the procedure to commence a sole propreitorship firm providing real estate services.... do i want to apply for Service Tax number before starting the firm......?

Is there is any capital gain when the proprietorship converted in to partnership. Or any condition to be complied with? or any other tax effect?

Please resolve