My query is regarding the accounting treatment of future shares. the assessee is karta in huf and carring on purchase and sale of share and showing it as a business income and claiming rebate u/s 88E. I m intra day sale purchase in NSE/BSE as speculation. and taking other sale and purchase in trading account( NSE/BSE). I want to know how to deal with the purchae and sale of future shares. what treatment should be followed. whether i should show all the sale and purchase in trading account? or should i only take the net profit or loss. the assessee is not having any closing stock of future share. what treatment should be done for the intial margins created which are reversed at the sale of future shares.

I want to know, that if TDS on salaries for P.Y. 2007-08 has not been deducted upto March'08, can it be deducted in F.Y. 2008-09 & if yes upto what date? Also will the totol salary so paid be then allowed as expense of P.Y. 07-08?

what is the difference blw depreciation under income tax and company act

What is the basic difference between a Bank Guarantee and Letter of Credit?Please give me procedure for availing bank guarantee and cases where bank guarantee required.

Dear all,

Please let us know the procedure & the time limit within which a share Holder of a "Co-op.Bank" can claim the "Unclaimed Dividend".

Thanks,

Can u suggest me sites.. where i can file return online

my query is that is excess service tax payment against a particular service is adjusted against the same service/ other service can be adjusted ? if it is what is the process ?

hi......i cleared my cpt in nov2007 and preparing for pcc and also doing b.com (regular)...my problem is that.. my college timings r from AM 9:00 to PM1:00 and after that i go for articleship....but ICAI has introduced this new rule(a.ship timings should be between 11 to 5)..plz suggest what do i do???



thanks!!

can any assessee file return from anywhere in india,or from his/her city only?ithe department is centralized or not?tell me clearly,,what about efiling?

The Cl. 49 requires a listed company to have at least 50% of its directors as "independent" directors, if the chairman of the company is an Executive Chairman or he is related to Promoters family.

My query is - what if a company does not have a Chairman.

A company has option (but no compulsion) to appoint a Chairman of the Board. If a co. appoints such a Chairman, then at each meeting of the Board, he takes the Chair without any need for electing a chairman for every meeting. But if there is no such appointed chairman, then at each Board meeting the directors present will have to elect a chairman for that respective meeting.

Thus, the query is - if there is no such appointed Chairman, then can the company be exempt from the restrictive requirement of 50% "independent" directors? (In which case, it would be sufficient for the company if it has just 1/3rd of the directors as "independent"

Anil Kale