I want to know the answer for the following question

Suppose 1 machinery amounting to rs. 100000 has been purchased on 01.01.2002 and the W.D.V of the machinery on 31.03.2008 is Rs. 40000 and now this machinery is being sold for Rs. 150000.

Someone says that Rs. 50000 is a capital profit and Rs. 60000 is revenue profit whereas sopmeone contends that Rs. 110000 is a revenue profit . the clarification given by them is that nothing has beemn specified in As-10 that there is capital profit above the historical cost . however one of the expert said that it has also been held by the institute in the journal of june 2000.(copy of journal is not available to me so i am not able to verify the same)

Please reply the same from view points of accounts i.e treatment to be done in the books and dont explain me the GYAN of income tax act and also i request u to give proper backing to ur answer.

Is there any Service Tax Return Preparer Scheme is coming up. If so when and how can one became a service tax return preparer.

Hello,
If a person change the company during 2007-2008. Then in ITR-2 Form Schedule-S on page no.3 only 1 company's details can be filled up. How we can add the second one??
Thanks

Dear Sir,
One of our clients has paid the TDS amount online, He got the acknowledgement No also but due to some default in the Computer he couldn't take out the printout of the Challan and as such he has neither noted down the serial No of the Challan, can you please guide as to whether how can now he get the print out, is there any facility of reprint of challan on giving the acknowledgement No.?

How can I get the correct format of ITR-I and is it the right form to file a return for an Individual.

Regards

Sirs,

I want to learn to caluculate the FBT of A Company. I am owrking in a company which is not permitting me to know about it and I am a big zero in this stream.

Regards

Hi,

How can I register on ICAI as a CA Final student and know my eligibility certificate status. This service is avilable on ICAI's website but I couldn't find.

Please help.

Thanks

Hi

I am working with tally 9.
Help menu in tally 9 is not working please tell me what's the reason behind it.

Also i am not able to change TDS rates.
After selecting F11 (at start menu)and making changes in Statutory & Taxation as "Set alter TDS detaisl" to 'Yes' it doesnot gets activated because when i accept the changes and quit and when again i came to Statutory & Taxation the option under "Set alter TDS detaisl" shows 'No'

Please advice as to how to activate it.

Sir,Madam
I want to know that which assessement year will be applicable if I am going to appear in May,2009 PCC exam.

Please provide the ITR-7 for the assessment year 2007-2008 this is not available on the shared files. On the shared file it is available for the AY 2008-09