Dear sir,
I am going to write C.A. final on November 2010. Is there any change in AAS because i have to start my preparation.
is there any major change?

Can anyone help me ?

Whether tax audit u/s 44AB is applicable to the Trust if the total turnover during the year exceeds Rs. 40 Lacs?

if total machinery was destroyed by fire after the balance sheet date and before the board meeting and the loss was estimated . EXPLAIN WHETHER IT IS an adjusted event or not?

Dear freinds,

We are a trading company situated in Bangalore.
We have just opened a Branch in Tirupur and taken a sales Tax registration for the Branch.

I would like to know what all the procedures under Karnataka Vat for stock transfer materials from Bangalore to Tirupur.

Regards

Subramanian

If a company stock Transfers it's goods to other branches at Pricelist price+ Ed and at branches it sells to customers at lesser price than the stock transfer price,so we are collecting lesser ED from the customers.Whether the company can claim Refund of excess ED paid

If
Annual consumption -12000units ( 360 days)
cost per unit- re. 1
ordering cost re. 12 per order
inventory carrying cost 24 percent
norma lead time 15 days
safety consumption stock 30 days
Hw nmuch shld b ordered each time?
When shld b order place?
What shlod b inventory level immediately b4 material order is recd.?

If sales is rs. 945000.
If general administration is rs. 25000.
If op stock is rs. 300000.
PUrchases r
June 1............200000litres@rs. 2.85 per litre.
June 30 100000 litres @ rs. 3.03 per litre.
On june 30 closing stcock is 130000.
What wld b value of inventory, anount of cost of goods sold for june by FIFO, LIFO, Avg WEighted method?

An assessee has c/f business loss of Rs. 1 lac, pertaining to AY 2005 – 06. For AY 2008 – 09, the total income of the assessee (including business profits of Rs. 65,000) does not exceed the maximum amount not chargeable to tax. i.e. the total income is Rs. 85,000.
Does the assessee have an option not to set-off the b/f business loss against business profits of the current year?
Can the assessee claim carry forward of entire business loss of Rs. 1 lac, pertaining to AY 2005 – 06, without any set-off against business income of AY 2008-09?

Thanks & regards,
Niki

Hi

what is the meaning of cost center and profit center. please explain with an example

Dear all

In the financial yaer 2005-06, an assessee ( Prop.)has sold his property below the circle rate.. For Eg: The rate approved by the govt was Rs. 40,00,000 but the assessee sold it for Ts. 30,00,000. so wtat are its implications..