If a company is trading in gypsum type of activities and it sales a car which is company's asset,can it claim input vat credit against this vat on sale of car?and what if it purchases a car? can it claim input vat credit for the vat on purchase of car?What will be the effect if it is a transport company?

What we should do for Advance FBT paid in the month of june09.

whether it will adjust against advance income tax?

Hi

Kindly answer me
At what point of time Tax Audit is applicable for share trading? How is the ceiling limit of 40lakhs is calculated
1.on gross sales of share trading
2.on net proceeds?
3.or on margin basis?

hii this is apurv. my articleship is completed and i need to follow the procedure to fill up the forms provided by icai. i am so much confused that what is the exact procedure i.e. which forms o submit and till when i can submit it without late fees.
if somone could help me, it will be great for me.
thanks once again

Consider the following situation

abc ltd pays advance for purchases on 10/4/2009 for purchase of goods from china. Goods are delivered to abc ltd on 1/5/2009 with invoice date as 25/4/2009. Payment for the balance amount is made on 1/6/2009 by ABC ltd.

When should the entry for purchase be recorded in the books of accts of the company?

would it make a difference if no advance is paid before or the entire amount was paid later on?

Should appropriate treatment under AS-11 be given for such import of traded goods?

What is the tax impact of shares n options traded on a stock exchange in U.S.A.?

should double tax avoidation agreement be taken into consideration while calculating capital gains on such shares n options?

Fact :

A Foreign National i.e. Sri Lankan, who is a student studing in University in Chennai.

The said student is holding STUDENT VISA for his education in India.

Under the circumstances, whether the said student can promote a company in India and become a director in private company.

If so, I may be provided the relevant details to get myself satisfied and convinced.

I look forward to receive the response from the experts.

Thanks for the response.

What are the important points / documents to be checked or collected or verified while conducting a Statutory Audit

Dear experts

Could you please tell me what are Quoted and Unquoted investments??

Thanks

hello friendz
i was studying prof.ethics for CA FINAL
there i read somewhere that under cutting of fees clause has been deleted
plz provide me details in this regard whether it is still applicable or not ,
my attempt is nov09
thankx