asha fernandes
29 July 2008 at 08:57

querries still open

dear sir/mam
i had posted 2 querries 1 on the 17th and the other on 22nd of this month. they are still not resolved. i would highly appreciate if i receive your esteemed guidance. waiting for your repy
thanks


asha fernandes
29 July 2008 at 08:53

tax audit presentation

dear sir
in case of presentation of financial accounts is the disclosure of previous years figures compulsory. if so under which standards .
2) are even the figures of the previous year are required in the balance sheet also
3) in case of a proprietor having investments in mutual fundds or shares ,,is it correct to show them in the books of business as they are not business assets.


asha fernandes
29 July 2008 at 08:47

sec 54 deductions

dear sir/mam please guide me on the following;
i have started construction of a residential house 2 years back. in the current year i sold 1 of my existing house. i completed the construction of my house in the current year.
1)so for sec 54 which says purchase within 1 year befor the date of sale does this construction completed before the date of sale is available for deduction.
2)if construction is completed after the date of sale, can i claim the entire cost of construction or only the amount spent after the date of sale.
thanks


asha fernandes
29 July 2008 at 08:47

sec 54 deductions

dear sir/mam please guide me on the following;
i have started construction of a residential house 2 years back. in the current year i sold 1 of my existing house. i completed the construction of my house in the current year.
1)so for sec 54 which says purchase within 1 year befor the date of sale does this construction completed before the date of sale is available for deduction.
2)if construction is completed after the date of sale, can i claim the entire cost of construction or only the amount spent after the date of sale.
thanks


Shrey Chopra
29 July 2008 at 00:12

wat 2 do n join

I have cleared my CPT n i am confused should i join a company or an ca firm.And i hve also joined accounts coaching n where should i join my cost and fm classes


Nagarjunarao

A resident Indian is receiving income on sale of shares of a foreign company listed outside India.
Whether such income is taxable as Income from Capital gain or as Income from other sources?
If it is taxable as capital gain whether it is taxable as Long term or Short term gain if the period of holding is two years?


sadasivareddy
28 July 2008 at 20:33

Agricultural income of minor child

agricultural income of minor child is 500000/-.which has to be included in his parents income under sec 64 of I T Act.does this income is comes under like agricultural income in the hands of individual (will the provissions of agricultural income applied)


Mukund
28 July 2008 at 20:12

Audit Limit for Security Services

My Client having Security Service Business & Gross Receipt for F.Y.2007-2008 More then Rs.10 Lac plz let me know whether Audit is applicable or not [ I am asking about Income Tax Audit Limit ]


Ghuliani

A company has passed its Accounts in the Board Meeting and passed on the same to statutory auditors. Statutory Auditors in the course of their Audit has come across observation and modification to the accounts as approved by the Board has been carried out. The modification were basically in the nature of some classification of accounts/expenditure , and enhanced Depreciation on some assets which have been totally lost their usefulness which has marginally affected the netprofit/loss figures.
The question which now arises is whether the accounts which have now been modified based on the statutory auditor observation needs to be put up to Board for approval or Not?
If Yes, then what will be the secretarial procedure for the same, Can the Board Meeting is to be called again or it can be done through circular resolution?
If No, then what exactly is the sanctity of Board approval at the first place.
Will be thankful to the respondent if Answers to the above may please also be forwarded to ghuliani@gmail.com also.
Regards
Ghuliani


saritha
28 July 2008 at 19:21

due dates.....................

what is the last date for payment of PF,ESI,customs duty






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