suppose a co. has taken loan of $10000 at 10% interest p.a with exch.rate-$1=Rs40 on 1.1.09. exch.rate on 31.3.09-$1=Rs 45. Now what amount will be charged to P/L and what amount will be treated as borrowing cost.

A ltd. issue to invoice on account - B ltd. & consignee - C ltd. Who will issue C form & E1 to whome..

X, Karta of HUF, out of the HUF Funds an Asset of Rs. 50 lakhs each gifted to his nephew & niece on 1st Nov 2008. The coparceners of the HUF challenged the gifts and as a consequence gifts were held to be void.
Whether the asset of the amount of Rs. 1 crore is taxable as wealth of X HUF for the valuation date 31st March, 2009 or not? Who is liable to Pay Wealth Tax?

Whether a ACA can empanel on C & AG.

Passed CA in August only.

I want to know AS applicable in accounts for may2009 pcc exam. and in audit we have to read new numbers of AAS or old ones? specially for may2009 audit exam.

I have done B.Com and then i did my MBA in 2003. I got registeration for CA foundation in 2000 but i could not appear for the same.
Now, if i want to go for CA, do i need to appear for the enterance or can get admission in to CA Inter(might be renamed now)? Please suggest

My grandmother had aquired a built up property in 1965 worth Rs. 10,000/- only but she was a housewife at that time & payment was made by my grandfather. Now, the same property has been sold in the month of Jan. 2006 for Rs. 64 Lacs (all through cheque). Due to some family dispute, I had to file a civil suite against my grand mother claiming my share which was compromised in lok adalat at a consideration of Rs. 30 Lacs which grandmother had to give to me to withdraw the suit.30 Lacs were recd in a joint a/c of me and grandmother which I withdraw to buy self assets. Now please suggest about tax liability of my grandmother and for me also. Is money given to me i.e. 30 Lacs taxable for me?

DEAR SIR.

PLZ GUIDE ME ABOUT MY PERPARATION AS PER YOUR OWN EXPERIENCES...

dear sir,

i hav appeared for CPT, result vl b decleared up2 15jan

i hav planded to prepare from CA study material, Scanner, and only one refrence book...

i found there are so many refrence books per subject are available in the market. everyone suggest me different-different refrence book. plz suggest me the best as per your own expereince, one refrence book for each subject..

Thanking You.

sir! i want to know the maximum marks that will be awarded in auditing,law and income tax in PCC.What considerations will be taken in to account before awarding marks.Will there be any importance to presentation of solutions or marks will be awarded only for fully solved questions.