What will be the treatment of Capital Reserve and security premium shown in the balance sheet of subsidiary.when the investment is made and CFS are made in the same year or in the next year.

what is a universal bank?

Respected Sir, d) "option in securities" means a contract for the purchase or sale of a right to buy or sell, or a right to buy and sell, securities in future, and includes a teji, a mandi, a teji mandi, a galli, a put, a call or a put and call in securities; (definition under SCRA,1956)

Here, what is the meaning of " a Galli " ?

Thanking U & I wish u a very HAPPY TEACHER'S DAY (5TH SEPT.)

DEAR SIR

I HAVE ONE QUERY

I ALREADY E-FILED RETURN OF ONE PROPRITERSHIP, BUT NOT SUBMIT PHYSICAL COPY OF RECEIPT. AND I NOW WANT TO REVISED THE RETURN. FOR THAT IS IT NECCESSORY TO SUBMIT OLD E-FILLING RECEIPT OR I CAN E-FILED RETURN AGAIN WITHOUT SUBMITING PHYSICAL COPY OF RECEIPT?
PLZ REPLY URGENTLY

Whether intrest charged On Unsecured Loan
is loan accepted during the year

as loan taken during year 500000
intrest charged 36000

is loan taken 500000

or

536000

in colum of 269SS in Tax Audit.

sir
my name is prathap i had registered for PE II but could not clear the exam now i am working in private company and i cannot continue my course .I had heared about a new course launched by icai that is accounts technician course. please guide me about the career prospectus of ACCOUNTS TECHNICIAN COURSE is it equivalent to CA inter

Is Interest charged on Loan during the year

added Or not

in Loan Taken /paid during the year Colum

Plese Clarify

An individual has the following income structure for A.y 2007-08.
PGBP - Rs.100,000/-
B/fd Business loss of A.Y 2006-07 - Rs.200,000/-
He doesnt file Return of income for A.Y 2007-08.

For A.Y 2008-09 he has PGBP of Rs.250000/- and he files Return before the due date.
Issue:-
1) will the loss of A.Y 2006-07 be allowed to be b/fd?
2) How much will be allowed to be set off in A.Y 2008-09 :- the whole loss OR Rs.100000/- (i.e loss after setting off the income of A.Y 2007-08)? (if possible pls provide justifications for the answers)

Thanks.

Please give your opinion on the following issue.
A partnership business with completed balance sheet for the year end 31-03-2007 was converted as a pvt. ltd. co from 01-04-2007. All the assets and liabilities were taken over by the Pvt Ltd and March 2008 is the first Balance sheet for Pvt Ltd Co. For depreciation Calculation can we treated WDV of Assets in Partnership firm as Opening Balance in Pvt Ltd Co.

Regards
Sshanmugha

Sir,

I Want to Know what will be accounting entry of VAT

Thanks

Bhaskar