ear sir/madam,

A company is purchasing & selling regularly shares of listed company. The company is in construction business. My Query is:

1) How to value closing stock of shares? whether AS-2 would be applicable? whether the provision for loss would be made on individual basis or on aggregate basis?

2) Whether the profit/loss on sale of shares should be taxable under the head capital gains or speculative gain as provided u/s 73?

thanks
arjun

Can i give the benefit of Loss under House Property of let out property of Rs. 2.50 lacs while calculating the TDS on the salary of employee

One of my colleague has withdraw his PF contribution of his earlier employer after completion of 5 Years. Though the withdrawal is exempted income under the provisions of IT Act, whether this income ( withdrawal of PF) should be shown in his income tax return? If so, where it can be shown in the return?

Dear Team,

i had got my PE2 results..
i got 69 in accounts and 21 in business & corporate law.
for auditing i got 62 in my earlier exam i,e may 2008.
i claimed exemption of auditing in the nov 2008 exemption. now my doubt is can i claim both the exemptions of accounts and auditing...?

kindly reply team.........
with regards,
ashok
(r.ashok1@gmail.com)

Dear All,

If buyer supplied the packing material i.e jute box for supply of material, whether cost of packing material to be amorotised and added in assessable value or not.
i.e excise duty is to be paid on packing material or not.

Please advise.

Thanks & Regards
CA. B.K.BANSAL

individual person receiving professional income.

suppose he take loan in the name his dependent parents.

such loan payment is done by his son from his account.

can his son claim interest and depreciation from his professional income or it can be claim by his parents

Hello, Please anybody can provide me the detailed procedure for changing the subscriber of MOA and AOA.

Actually, there is a pvt. company whose subsriber to MOA are two other company, one is Public Ltd. Company holding 9000 shares in the company and another is Pvt. Ltd. Company holding 1000 shares in the company.

The total authorised capital is 100000 Rs. divided into 10000 Eq. Shares of Rs. 10 each.

or another thing is that in fact these two subcriber did not subscribe for theses shares only we've shown in the MOA.

now pls tell the procedure for how these two company can cease to be a subscriber from MOA?

its urgent.

Hi
While computing NAV of a listed company, should be take into account Deffered Tax Liability/ Asset or not?

Opinions
Take it: As it is an ascertained liability
Do not take it: As it pertains to future year.

Please opine.

Thanks
Regards
Ashish Ashra

i just want to know why the service providers need to declare abt taking of credit on the invoices issued by them

my dad taken STD(short term deposit) for 12lakhs and saving account. both got interest of 191974 for 2008-09 financial year.
plz can anyone tell how much is deducted for tax.
is there any exemption for saving account interest.