Hi Madam/sir
I am a May 2008 CA Pass out student and i score 58% marks in Final year. Now i am planing for further Study of IAS but get confused whther this is the right path for a CA or not?
Plz Suggest me what should i do? Go for Capmus march-april 2009 for JOB OR go for my new Aim of becoming IAS
Thanks in Advance for ur precious suggesstion
RESPECTED SIR ,
MAY I HAVE ONE QUERY IN RESPECT OF INCOME TAX “ PROFIT & GAIN OF BUSINESS AND PROFESSION “ . IN IT UNDER SECTION 40(A) (3) IF ANY EXPENSES ( PAYMENT) BY MEANS OF CASH PAYMENT( EXCEPT BY AN ACCOUNT PAYYEE CHEQUE OR AN ACCOUNT PAYEE BANK DRAFT) EXCEED RS. 20000 /-
THEN SUCH EXPENSES MAY BE 100% DISALLOWED AND NOT DEDUCTIBLE.
[ AMENDMENT IN FINANCE BILL 2008]
[ UPTO THE FINANCE BILL 2006 IT MAY BE ONLY 20% DIS-ALLOWED]
NOW , FOR A BUILDERS ( AN ASSESSE ) POINT OF VIEW LAND BEINGS ITS STOCK IN TRADE . IF IT MAKE A CASH PAYMENT IN A PREVIOUS YEAR 2008-09 ( ASSESSMENT YEAR 2009-10) FOR REGISTRY OF LAND TO A REGISTRAR OF RS . 65000.00 . THEN IT BEING A REVENUE EXPENDITURE AND IT REFLACT SECTION 40A(3).
SO, PLEASE TELL ME THAT WHETHER SUCH EXPENDITURE ARE TO BE ALLOWED AS DEDUTIBLE EXPENDITURE OR NOT . UNDER THE INCOME TAX ACT 1961.
If for a regular vendor, as on b/s date balance appears to be -ve i.e. debit, is it to be shown under "Advances recoverable" separately from creditors list ??
Is the same treatment we have to show by segregating the -ve balance in case of debtors, showing them as "Advances from Customers"??
If for a regular vendor, as on b/s date balance appears to be -ve i.e. debit, is it to be shown under "Advances recoverable" separately from creditors list ??
Is the same treatment we have to show by segregating the -ve balance in case of debtors, showing them as "Advances from Customers"??
respected sir,
i want to that in case a company (private limited) is formed on 24th jan'2008, then what is the last late for filing its annual return for p.y. 2007-08 and whether only one director can sign in the annual return using his digital signature ???
In a Trust, where the author (father ) gives the trusteeship to his first son stating that the benefit shall move to all his children (including first son).
In this case Trustee becomes beneficiary himself. Is it possible? Can a trustee be a benificiary?
Plz. explain wht is group gratuiry scheme..... and wht are the provisions as per i.t. act in case of employer & emplyee
After providing all the information for credit card payment for form 20B, my net connection interrupted & payment not made to ROC. Whether now i have to upload the form again & make payment or wait for 48 hours.
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