I want to know can I change the accounts from Without Inventory To With Inventory. Is it Possible? and how can it be done?

Good morng sir,
I have a query relating excise(i.e)
Is excise duty leived on sale of scraped HDPE,Fibre MS cut drums,because while purchase of this Drums we take Input credit on this drums.
Is my contention correct?
If not then,Pls suggest me with some relevant notification or any case relating the above Query.

Pls Recommend me Ca Final New Course book For Corporate and Allied Laws

as ifrs is a hot topic discussed around the world.... i ve selected ifrs as my topic for my projece... i m trying to find out the impact of implementing ifrs on indian companies balance sheets and other books which at present using indian gaap... can anyone guide me regarding how o proceed??? can anyone tell me which indian cmpaie already implemented ifrs at present??

I know that income of minor is clubbed with that of parent. But suppose minor has a income of 5000/- and have made an investment by herself in Infrastructure Mutal Fund of Rs.50000/- u/s 80(C). Then will in the hand of the parent the income of 5000/- be clubbed. Will the parent get the benefit u/s 80(C) for investment made by Minor. Or is it in this case that the minor's taxable income is nil. Rs. 5000/- income less 50000/- investment = zero. So no amount would be clubbed. Which course of action should be taken.

If TDS is deducted monthly from Salary.

Them while calculating Interest U/s of
234A or 234B or 234C can that TDS be
treated as advance tax paid before 15th Sept. or 15th Dec. or 15th Mar respectively.

WHAT IS THE RATE FOR CALCULATIING PERKS FOR RENT FREE ACCOMADATION FOR FINANCIAL YEAR 2007-2008 & 2008-2009
WHAT WILL BE RATE FOR CALCULATING PERKS FOR INT.FREE LOAN PERSONAL TO EMPLOYEES FOR F.YEAR 2008-2009

Sir! when are the results of PCC Nov 2008 will be declared.

NOW I WORKING IN AUDIT FIRM ONE OF OUR CLIENT FOLLOWED CASH BASIS OF A\C IN LAST YEAR. NOW THEY ARE FOLLOWING MERCANTILE BASIS.THEY ARE DOING COMMISSION BUSINESS.THEY WILL RECIVE THE BILL ON BULK BASIS.
WHERE THE SERVICE WAS DONE ON 25-03-2008
THE BILL WAS SET ON 18-05-2008 INCLUDING CURRENT YEAR BILL AFTER DEDUCTING THE TDS .NOW
HOW THE TDS WILL BE ACCOUNTED IN THE CURRENT YEAR.WHAT ABOUT THE LAST YEAR.NOW CAN I ACCOUNT FOR LAST YEAR SERVICE.THEY ARE NOT A CORPARATE CLIENT.

It is my kind request to solve my queries since I cannot understand how it should be considered as per the I.T Act. Hope I would get the answer with respect to the given question

1. What would be the GAV when RLV is greater than Actual Rent even if Actual Rent is lesser due to vacancy? Would vacancy be deducted from RLV so ascertained or such vacancy rent is deducted only from Actual Rent while determining GAV?
In the given example what would be the GAV?
Municipal Valuation Rs 70000/-
Fair Rent Rs 75000/-
Standard Rent Rs 60000/-
Actual Rent Rs 8000/-
Property Vacant (in months) 10
Vacancy Rent Rs 40000/-

2. What is the taxable Income from House Property for the A.Y 2008-09 & A.Y 2009-10?
Case A Case B
Municipal Valuation 380000 340000
Fair Rent 370000 390000
Standard Rent 340000 340000
Actual Rent 432000 350000
Unrealised Rent of P.Y 2008-09 (Allowable as per Rule 4) 60000 60000
Municipal taxes paid 76000 76000
Interest on Loan due 72000 72000
Unrealised Rent recovered in P.Y 2008-09 56000 56000