Hi sir
i'm writting my PCC in may 2009 and would like to seek ur suggestion in my preparation of accounts. Like which chapters have to be more stressed and which are helpful for scoring good marks. and in which way should we prepare for accounts subject

i wanna know when will pcc may 09 examination will be held?is it may or june?

What will be the status of HUF account on the death of KARTA. Other co-parceners are willing to continue existing account by designating Senior Most male member as KARTA?

1.Is it permitted. Existing a/c can be continues with new KARTA?
OR
2. a new a/c is to required to be opened.

What will be the treatement of HUF account on the death of KARTA.If other Co-parcners are will to continue the existing account.

1. Existnig account can be continued with Senior most male co-parcner be designated as KARTA.

2. Existnig account to to be closed and a new account is to be opened.

Kindly guide me in this matter.

Max ltd. A foreign corporate, amalgamates on 1.10.2008 with Zenith ltd.Purchase consideration was fixed for Rs 20,00,000. Particulars of their assets are given below:

Particulars------max ltd----------zenith ltd
rate of dep.-----15%----------------15%-----

W.D.V as
on 1.4.08--------12lakh------------10lakh

machinery purchased on put to use
i)1.4.08
machine T --------5lakh----------------000---
ii)15.11.08
machine z---------00000--------------4lakh--

machine T is sold
on 30.11.2008------4lakh-------------00000----

Compute the deprecation allowance, admissible of Max Ltd. and Zenith Ltd. If:
(i)Max Ltd. is an Indian company
(ii)Max Ltd. is a foreign company

DEAR FRIENDS,

MY YOUNGER COUSIN HAS COMPLETED HI GRADUTAE. HE WANT TO DO CAC OURSE. SO PLEASE LET ME KNOW ABT THE PRESENT CPT COURSE, DURATION & EXAMS...

PROVIDE ME WITH LINK FROM WHERE I CAN GET INFORMATION ON IT...

In section 194 C there's a phrase that "Contract for sale" if its their than this section is not applicable. In case of printed material 194 C is applicable. But in case if assessee contracts for stickers print to be placed on containers with details like name of assessee, address , Qty., type and size of item in container. Is assessee liable to deduct tax or its a contract of sale not printed material. I am very confused

I would like to know the basis of calculation of period of holding in case of self generated goodwill, which will decide whether goodwill is a long term capital asset or short term capital asset

A company is making payment to the US Company for the services. In order to avoid TDS, a third person is making payment through nits credit card and later on the company is paying to the third person. What is the solution and the journal entry

A company is making payment to the US Company for the services. In order to avoid TDS, a third person is making payment through nits credit card and later on the company is paying to the third person. What is the solution and the journal entry.