Hi friends ,

First warm morning to all .

Let me know what is the treatment to be given in the books if investments are made through PORTFOLIO MANAGEMENT SERVICES ( P M S ) . P M S is outside third party providing professional services in respect of managing Portfolio.

Quote Accounting Standard / Guidance Notes , if applicable.

Advance Thanks

Hi All,
I forgot to file IT return by 31-Jul-2008. Can i file after 31-Jul-2008 if yes what is the procedure and what is consequences.

IN ITR4; there is a column as NO ACCOUNT CASE..!!

Who else can fill this column..!!

It ask for Debtor, Creditors, Cash balance also on Gross Receipt and Expenses..!!
Without maintaining the books of accounts how this could be posible;..

The CBDT does not clear on it; who else can; does not require to maintain the books of accounts..

IN ITR4; there is a column as NO ACCOUNT CASE..!!

Who else can fill this column..!!

It ask for Debtor, Creditors, Cash balance also on Gross Receipt and Expenses..!!
Without maintaining the books of accounts how this could be posible;..

The CBDT does not clear on it; who else can; does not require to maintain the books of accounts..

Hi Friends
I passed PE II exam......... can any one tell me when will be my final attempt.
Congratulation to all who have passed.
And for those who failed, take it positively. Try to give your best in next exam.

Who elegible for claim STT (Security Transaction Tax)

i am working in a MNC. On of our branch is situated in Gujarat. the Add. commissioner had rejected our application for ammendments in registration. the reason of ammendment is demerger of one business of company and according to the order of the high court, all the registrations pertainning to that particular business stands vested in new company with effect from the april, 2008. we had filed the application os ammendments in reg. certificate with order of the court on 1st april and at that time it was dully accepted by the department.

but on 26th july department rejected the application.
please adivise on the matter


CA Amit Punj

Can u plz sugges is that if we make Post office RD for 5year then it will cover under sec80c for deduction or not.

Please tell me if Surcharge on FBT is appliacble in case Partnership Firm's total income does not exceed 1 Crore.
(Whether surcharge applicable when the total income exceeds 1 crore but Value of fringe benefit does not exceed 1 Crores)

An investor proposes to invest in a project with the condition that his investment should appreciate at an IRR of 35%.
How much would one crore be under the above parameters at the end of 12 months, 24 months, 36 months and 48 months