please tell me the accounting entries for shares in the books of investor.i operate tally.so most preferably mechanical entries.i have the client statement of share trading and ledger provided by the broker . am finding it difficult to cope with the speculation trading. plz can anyone help me throughout the entries plz plz ?

Could anyone tell me that how exemption in respect of HRA should be claimed while filing return of income?
Head of Income - Income from Salary
Do anything need to be furnished in respect of rent paid.

I am a student based in Hyderabad. I have completed my pe-2 and want to start with my articleship. If anyone can be kind enough to guide me which firms in Hyderabad are good enough where i can join. I have heard of the BIG4. Apart from that what other firms are good. I dont have any problems of workload or time constraint.

The following is the transaction details:

a) My father purchased land in 1975 for Rs.30000/- in joint names with my mother (i.e wife & husband)with his self earned money.
b)In 1990 he built a house of 3000 sft on the land he purchased in 1975both names( wife and Husband)
c)My father deceased now has left a will which states that the 50% share belonging to my mother stays as it is and the rest of 50% devolves in the name on son and daughter in law (25% each.)

My query is that I know the cost of land (COA)for the registered sale deed but I do not know the cost of construction for the house he constructed in 1990. There is no documentary proof bills for construction and imoprovement costs (COI)thereafter.I only have the property tax receipts. How to compute LTCGT assuming i am selling the property in the assesement year 2008-2009 and how to arrive at COI is there a benchmark given or how do i value the construction cost in 1990 and improvement thereafter.Please guide me and inform which websites or information I can get myself. Or please cite example or case study. Please not my e-mail id: mehulbpatel@hotmail.com

For all interstate purchases we are taking VAT credit.After couple of months we reject these materials.shall we have to reverse VAT Input credit in TN VAT Act?.Can anyone throw light by quoting relevent provision or case laws in VAT act?

That the dealer has partnership firm and it has deposited advance tax Rs: 15000/- on firm PAN. Now when we are try to upload e - return then error show that this file is not be upload, reason 4th digit of PAN is 'H' insted of 'F'. That
the assessee has reciept of pan applied application on which shown the attached document ( Poto copy of Partnership deed)
The firm books are also audited for the A.Y :
2008-2009. So what should be do ?

a person gifted a house property-1 to his wife

wife purchased house property-2 from the income of house property-1

in the next yr wife purchased house property-3 from the inc from house property-2

is house property 1& house property 2&house property 3 taxable in the hands of the person/taxable in hands of his wife

1. mr.x transferred an asset to mrs.x for inadequate consideration so wealth tax is taxable in hands of mr.x
2. mrs.x purchased gold with the sale proceeds of asset in second year.
gold is taxable in whose hands

3. mrs.x purchased guest house out of sale proceeds of above gold in third year
guest house is taxable in whose hands

hi sir one of my frd has done his pcc registration on 6 aug 2008 but he didnt got his pcc registration conformation letter . what he should do sir ? how much time it will take for the letter to come sir . can u give me tha phone no from which he could enquir ? sir.

1) Dealer is a Pvt.Ltd. Co. engaged in producing automobile parts (both with material & on job-work basis). It sales major part of production to a EOU without levying CENVAT duty. And therefore it has CENVAT Credit balance of around Rs.12lakhs which is untilised since 2 years. And because of this fact now they are not taking credits of new machines purchased as they can at least claim depreciation on the duty for Income Tax purpose.

Whether we can claim this balance credit as refund and what procedure we should follow?