My colleague opined that the valuation of closing stock on dissolution of firm will be on the market price u/s 45(4). While I am of opinion that closing stock is not covered in the definition of capital assets. Please clarify with citation that Whether I am right or not.

dear sirs,
i am undergoing my articlehip here in india...my pce exam is due in this june'09...i shall be taking leave in april and may...my family staying in uae wants me to join them during those days...now i would like to know:
1)if i go abroad, can i write my exams from u a e?
2)if yes, is it enough that i choose dubai or abudhabi as centre in exam application form and also pay the respective fees?
3)can i get my hall ticket in my uae address if i give it as my address for communication...though my permanent address in board's database is different?

pls answer these queries and help me to make a decision at the earliest.

thanking u..in advance

Is there any time limit for a Pvt ltd co to allot shares for application money received

hi friends, my name is Amit Aggarwal.I have just cleared my PCC exams.Frnds I m in great confusion now a days regarding coaching classes especially MAFA. I live in Delhi and want help from all of u freinds. Can u tell me the name of coaching class which one is best in Delhi.Plz frnds reply me, if u better know on my id i.e amit.062010@gmail.com.I will very appreciate to you..
Thanks.....

i have made the payment in april 2008 for Sec 194J of Rs 27000/- what is the last date for payment of TDS ? Can i delay it up to 31 mar 2009

sir,

I am making the payment to Airport Athority of India as licence fee for use of advertise space at their premises at Airport. I have not deducted the TDS on the payment made to them thinking that it is a government organisation and hence tds not applicable. Now the assessing officer has send me a notice for non deduction of TDS on the said payment.
Is there any notification that AAI is not a government organisation and how can i justify the non deduction of TDS.

KIndly reply its urgent

sir,
in my properietry concern i have collecting service tax from stating of bussiness to about three year but i am not paid to the department because of ignorance of about service tax, so my query is can i paid service tax of all three year tax without panelty or with penlty and if i can pay, then what legal prosedure of the same and what is limit of payment period of the same case
Please give me full details of the my query

Thanking you

I am working in Export house. I want to know that if we books export bill in April 2008 and payment received in May 2009 then where the applicable Exchange rate difference in F.Y. 2008-09 or 2009-10.

i was submitted the form no.112 for pursuing the additional course & For this regard i duly received the letter from the institute in which they written that i should submitted the letter from my employer in which my imployer should mention the reason for LATE SUBMITTING the form no.-112
Now i wants 2 know, what reason my employer should mention?????
Because it is due 2 my mistake i.e. at that time i was not aware about such notification of submission of form no.-112.

Dear sir/mam,

Is there FBT for purhcase of snacks and provisions from outside which has been consumed inside the office premises.