I just wanted to know if there is any short term correspondence course for Taxation and Budgeting.

kindly give the details.

If tax audit is applicable in last year, however if in the present financial year the turnover is less than 40 lakhs then whether tax audit will be applicable in the current financial year or not

dear all

We are saling one product. the prodct P.O. is open m which has not mentioned any specific date of closing order. they have issued seprate order of design & devolopent charges.we are issuing sale invoice against devolpment & design charges with include service tax.
is it correct?

Because of I heard excise duty will be applicable on devolpent / design charges & devolpent charges are dividing per quatity product & add excise duty in issuing prodcut invice, which has issued with excise.

kindly give the suggestion on same issue
. if excise applicable on devoplent charges, it is double taxation.

Respected Sir/Madam

I have received study material for CPT.

I wnt to atten December 2009 CPT exam (Paper & Pencil)

My question is what is the last date for the above.

Thanking
with regards
Manikandanv

shall I required to file ack of ITR-V in respective ward of assessee? And also is it necessary to mail it BANGLORE? Is paper return required to be sent to BANGLORE? Is it also necessary to mail ITR V even if e-return is filed with digital signature?

I am CA final student.I passed PE 2 Exam on November 2008.Articleship was also completed before that.I enrolled as a student of Final & received study materials for Final.I haven't done any computer course or GMCC....Since I am employed in Sharjah,No body is here to advice me.I would like to know when I can appear for Final Exam & what are the prior procedures.I haven't received any eligibilty test's question papers.
Kindly advice....
Thank You.

Dear Expert,

An individual Mr.X has invested money got from sale of his long term capital assets (capital gains) in buying of a flat with in 6 months and entered into a agreement of sale with the developer.
a. In case Mr.X, registers the flat in semi-finished stage & enters into a separate construction agreement with developer with in two years can he eligible to claim benefit of capital gains tax.

b. If yes does Mr. X needs to give any other proof than registered document.

c. For taking benefit of capital gains under purchase option, completion of flat & occupancy certificate is necessary.

Regards,
Gopi

Capital gain :

Purchase
1. Purchase shares at 13.8.08 qty 250 @ 175 per share
2. Purchase shares at 14.8.08 qty 500 @ 172 per share

The face value of shares is split from rs.100/- to rs. 10/- each.

3. Purchase shares at 18.8.08 Qty 5641 @ 15 per share
4. Purchase shares at 1.9.08 Qty 9578 @ 17 per share

Sold

1. Sold shares on 5.6.09 Qty 10000 @ 19 per share
2. Sold shares on 6.6.09 Qty 3000 @ 22 per share


how gain/loss is calculated under FIFO method if shares F.V is change.

As per section 215(3) of Companies Act, 1956
The balance sheet and the profit and loss account shall be approved by the Board of directors before they are signed on behalf of the Board in accordance with the provisions of this section and before they are submitted to the auditors for their report thereon.

Again it is mentioned by clarification 2 of serial No. 244 page 254 dated 1992 issued by DCA )
There is no contraversion of this section (section 215) in case the audit of final account is completed before approval of the balance sheet by the board of director of company.


Aren’t these two contrary to each other. Explain this

Please clarify about stale cheque (i.e., one which exceeding six months for clearing) what is the reverse entry.
Please reply

Thanks,




Regards,
Ganesh.S