Hello Friends,
I wanted to know the accounting treatment in case of a Raid / search seizure. For eg. a person discloses an income of 1 crore for previous years (say 2007-08, 08-09, 09-10) after raid and accordingly has to pay 40 lakhs as tax, interest and penalty. How should this be treated in the books of account for Current year.

A private company is having 4 shareholders. They are transferring their shares to another 4 persons. what shall be the procedures to be followed.

WHAT IF I REMAIN ABSENT FOR 5 DAYS DURING MY GMCS TRAINING ? DO I HAVE TO DO THE WHOLE TRAINING AGAIN ?

1) Since 1/4/2004, in my present job, I have been contributing 50% and for last 2 years 100% (of Rs.6,500) per month to the Provident Fund Scheme and the Employer has been contributing Rs.780 per month. The latest balance in my account is about Rs.3.5 lakhs employees contribution and Rs.58,000 employer's contribution.
2) I will be resigning from this company and shall take up the next job after a gap of 2 months.
Hence, I have the possibility of withdrawing both employees plus employer's contribution after 2 months. If I do not withdraw, in another year (after completion of about 10 years), a significant part of the accumulations in my account will go into the Pension Scheme, where the returns are very low.
3) I am 51 years old, unmarried, with an 82-year old mother, but do not require funds for any emergency presently.

Dear Sirs, kindly offer your valuable guidance if, in my case, I should withdraw the provident fund accumulations or transfer the balance amount to the Provident Fund account in my new job, even if it means opting for the Pension Scheme. I am unable to make up my mind.

Hi... first wish you happy new year....
Sir, I want to knw abt the Insustrial training. cn u explain in detail what is exacltly n is it applicaple nw days or nt???

Difference of 10% of salary in TDS and amount calculated as per the slab

hello guys..,
I had a doubt that if a person has filed the income tax return without signature can he file a revised return.?? or is there a remedy to the situation..??

Waiting eagerly for your answers..
Thanking you in anticipation...

A Regd dealer in Maharashtra, Purchase goods from Dealer regd in Gujrat & same is sell it to dealer regd in gujrat, without bring goods outside gujrat. is this transaction is taxable or not and any Form require in this transaction???

Please give me the complete step to e-file monthly VAT return (Gujarat state)

THE ASSESSEE HAVING PROPRIETORY BUSINESS AND ALSO HAVING S/PROFIT FROM PARTNERSHIP FIRM DURING THE YEAR AY-2007-08 THE ASSESSING OFFICER IS DISALLOWING PROPORTIONATE INTEREST PAID ON LOAN U/S14A ON AVEARAGE INVESTMENT & TOTAL VALUE OF ASSESTS IN THE BALANCESHEET.

THE CAPITAL BALANCE AS ON 31-03-07 IN THE PARTNERSHIP FIRM IS NOT ONLY CAPITAL INVESTMENT BUT ALSO INCLUDED S/PROFIT CREDITED TO CAPITAL A/C FROM LAST 3 TO 4YRS THE BALANCESHEET SHOWS PROPRIATOR CAPITAL BAL AS ON 31-3-07 AT RS 11754015/- & CAPITAL BAL IN PARTNERSHIP FIRM IS 10503911/-

WHETHER DISALLOWANCE BY ASSSING AUTHORITY U/S 14A IS JUSTIFIABLE TO WHAT EXTENT