can other sources income be Negative

Exp.

Loss from Comodites- 550000
Interest - 95000
Net Income (455000)

am my Calculation Is correct or wrong . my senior want to show Comodies Loss as Other Sources


Please Tell soon...

my clint a commission agent was drawn cash of Rs.3 lacs from bank and it was stolen while bringing to shop.he lodged compalint with police.whether same can be climed as business expenses u/s 28

Could you please tell the the procedure of registering chit company with the registrar of chit, after it is incorporate with the ROC. The company is in Bangalore.

Please answer the query to spurthykn@yahoo.co.in

CAN WE VERIFY PERSON'S NAME THROUGH ANY WEBSITE,IF WE ARE HAVING PAN OF ANY PERSON?

Recently I posted a news (Recognition to ICAI for Sec. 35(1)(iii) of I.Tax Act) on caclub india, which after moderation was also displayed on the site. However my points tally still remain same as it was prior to submission of news. As per the points table, I can earn 25 points for submitting news. Can u pls tell me why I have not received 25 points for my submissions.

I finished MBA doing job in the field of core finance. is it possible to do CA inter simultaniously by doing job??

Is there any provision in the service tax rule to file ST-3 through post because the service tax inspector is asking for invoice wise details of the CENVAT credit claimed?

If answer to the above question is yes what about the acknowledgement.

Regards

If an assessee want to apply for cancellation of one service from the service tax ST-2 what is the procedure?

Which form we have to submit and what documents do we need to submit along with the said form.

Regards.

We have two units, Unit I which is excise exempt unit and the other unit, Unit - II which is covered under Excise Rules. In our case we have earlier purchased Capital Asset in Unit II which is covered under Excise. Afterwards we have transfered this Capital Asset to Excise Exempted Unit I and we have also passed on the Excise amount as per bill. Excise exempted Unit I has recorded the Capital Asstet at full value including Excise. Again the same capital asset transfered to Excise applicable Unit II by Unit I.
We want to know whether excise exempted unit I can transfer the Capital Assets at full value including excise or it has to transfer only the assessable purchase value excluding excise.
Plz guide on this matter.

I'M CA FINAL STUDENT , EXAM ATTEMPT IS NOV 2010.
JOINED ARTICLE SHIP TRAINING, DURING TRAINING NO ANY WORK GIVEN TO ME RELATED TO TAXATION,BALANCE SHEET , RETURNS. WORK ONLY FIELD RELATED, SOME TIMES VOUCHING AND OTHER WORK WHICH IS NOT BENEFICIAL FOR CA STUDENT IN FUTURE.

SO I THINK THAT EITHER DUMMY IN SUCH FIRM AND JOINED ANOTHER FIRM AS A JOB OR DUMMY WITH SUCH FIRM AND JOINED CS COURSE WITH CA . IS IT BETTER FOR ME ? IF YES PLEASE GIVE ME YOUR RECOMMENDATION AT piyush.goel.ca@gmail.com