Hi all,

Correct accounting treatment on foreign travel advance accounting entries and the reason behind it?

Respected Sir,
I want to know that 'if there are two real brother,who is a proprietor of two different proprietorship firm, so whether it is possible for him to do any transactions between these two separate legally entity firm (ie sale,purchase,loan taken or given)e.t.c without any disclosure under Tax audit report 44AB,Form 3CD e.t.c

Hi Friends,
Plz can anyone advice whether taking Internal Audit as career is good and does it have future prospects.

Thanku in advance

I want to know, whether the agriculture land compulsorily aquired by the Govt. is taxable to capital gains or not. Please clarify alongwith the reference section. As per my knowledge, sale of agriculture land is not liable to tax, but what are the section references for compulsory aquisition of agriculture land?

when should software development charges be recognised in the books of the vendor in the following case:

X pvt. ltd is a software co. into the business of software development. Y inc. is a company incorporated in U.S.A who gives a contract of 100000$ on 1-5-2008. Y inc. pays X pvt. ltd 10000$ every month based on no. of manhours * rate per hour as software development charges.

X pvt. ltd accounts for the software development charges on actual receipt of money on conversion into indian rupees without accounting for Currency flucutations of rate on conversion as required under AS-11. Is the stand taken by X pvt. ltd correct?

send your answers to psrinivas1@in.com

Is it possible to register / have userid etc for oneself in any way so as to file returns of all individual or salaried clients online.

Sir,
I need a book on Negotiable Instrument act 1881 , specifically for this act only & it should be in a simple & lucid language containing case studies.
Please refer me a good book on this act.

sir
How we decide the company complying with
Statuory requirments like ESI,PF,ED,CESS,
CUSTOMS DUTY,etc

Is there any checklist


Thanks in advance
pavan

Dear All

During the F.Y The Assessee has accepted Unsecured Loans from Friends and are shown as Unsecured Loans in the Balance Sheet. These loans are excepted without any interest and Learned AO has added these loans as income from other sources by invocking the provisions of section 56(2)(v) and impose penality for furnishing inaccurate particulars of income. The Statement of Unsecured lender was also recorded and they have confirmed that we have given unsecured loans without interest and received back next year and this fact has also mentioned is assesment order.
Please give your openion along with case laws if any

Sandeep (CA)

Dear Experts,

Under forward contract how many types of losses or gain covered.I mean to say for business purpose or speculation purpose.

Whether gain or loss on forward contract covered under section 72(i.e.business loss) or covered under section 73(i.e.speculation loss)

Pls.clarify the doubts.


Regards,
Prakash Jasani