whether preliminary expenses should be written off within one year or it canbe written off for the period of 5 years?
Sir,
in my privious query i asked about the journal entry of provision for current year when i will make the provision for fbt and taxes
wants to know the procedure how to surrender exemption availed?
I have got 65 marks in MICS in NOV.2007 final exams.....again appearing in exams in MAY.2008 I have got 61 Marks in IDT.
For appearing in Exams NOV. 2008 I want to avail exemption in IDT instead of MICS marks.......what is the procedure......if any?..............Again i want to know for which subject I can avail exemption....please help me fast but in full detail
Dear Expert(s),
My father has been alloted a flat by a co-op Hsng socy and that is the leagal ownerhip in this case. We have availed a home loan where i m co-borrower. My father has contributed to the extent of 40% of cost and rest is funded by way of a loan where I will be practically paying the whole of EMIs. Since i m not a co-owner i propose to receive some share in the house property from my father as gift. I propose to receive a nominal share as gift, as higher share would entail higher stamp duty payment. Now my questions are as under:
1) Will such gifting certain share by the owner (father) to me (Son), without adequate consideration, will create co-ownership in my favour.
2)Will any inter-se agreement where the Owner recognises me as co-owner with definite share say 60% and relinquishes his right to claim house loan deduction,executed on a 100/- (or Rs.200/- as an affidavit) stamp paper will create ownership in my favour?
2) For claiming deduction u/s 80 C as well as u/s 24, will my deduction be restricted to my share in property or it will be max. Rs.1,00,000 for principal and Rs. 1,50,000 for interest ?
Mr.A is a employee of software company.
He worked in india for 2 month. His salary is Rs.30,000 p.m & tax deducted say Rs.3000.
Thereafter his company send him to uk for the remaining 10 months. Salary is paid in foreign currency & credited in foreign currency bank a/c. Tax also deducted as per UK tax laws.
1) Whether he has file the return for the income earned outside india?
2) If no, whether he can get refund for the tax paid in india since his income doesn't exceed the basic exemption.
Clarify the above query with relating supporting
Firm providing security guard in different company can firm file return ITR-4 having tourover Rs five lac?
My client has paid Rs.1,30,000 for an exhibition to have a stall in that exhibition to demonstrate his product. Whether TDS provision is applicable if he is covered under section 44AB? if yes, then in which section TDS should be deducted? and at what rate??
Dear friends,
I am a CA Final student i am going to appear in NOV-08.I wrote Eligibility papers and sent to icai noiw my question is how to know whether i have qualified or not please send any link in icai.org site.
Dear Sir,
I registered for CPT in February 2007 and appeared for the first exam in the month of July 2007. I could not clear in that attempt.Can i write cpt exams in June 2009? Is there any restriction on no.of attempts for cpt? Do i need to reregister?
Goood Morning Sir,
When we maked Balnace Sheet as on 31.03.2007, we have provided the provision for taxation and provison for FBT.
Now, next year shows in the trial balance as a opening balance, so you requested to guide me that in current year how should it adjusted and and what will be the entry in current year for provision of taxation and fbt
Pleas reply us as early as possible
Thanks
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