i have purchase reliance mutual fund of Rs. one crore in weekly dividend re-investment plan in april and redeem some unit after each month of Rs. 500000.00
what should be the value of investment as on 31st march 2008 in B/S.
when we invest then entry done
investment Dr. Rs one crore
to bank Rs one crore

when redeem then
bank
to investment

is there any capital gain on the redeem is STT has been deducted on the redeem value?

well, I would like to start my self study for preparation of PCC a/cs...I would like to know where to start ??.. I mean what are the areas with more weithage which needs more concentration??...

Can someone guide me whether Rubber stamp can be used for the purpose of certification of form 16A/16AA?
It would be better if you mention the related law or circular reference.

Thanks,
CA Abhishek Jain

Our company wants to change the method of depriciation , so what are its after effects...does it have a retrospective effect???...do we need to change the whole set of a/cs??...

Can any one out there tell me what buying and selling prices of a dollar mean by??

I have gone through RBI's website as well as Economic times website for todays dollar exchange rate, but I find a difference in their statistics.How is it possible??..

Dear Sir,
I Have the following Queries
1) When a partnership firm has a Slump Sale on 01/4/07 with a Private Limited Company. Whether the partnership firm has to file the Income Tax Return for the F.Y. 2007-2008.No business activity is carried on after 31/03/07.

2) Whether in the above case the Partenership firm has to Surrender the PAN Card on account of Slump Sale if Yes than what is the Procedure

Regards

Ravi Kiran

Hello Sir,
I am in a Dilemma regarding doing articleship from a top firm or a mediocre firm....just tell me advantages and limitations....of both
at the time of articleship
during the job
as well as if i opt for practice......Thanks
Sachin

Is the Payer is liable to deduct TDS for the payment made to Contractor which actually a reimbursement of Postal Charges for mailing of mailers incured by him on payers behalf??


Regards

Rajnish Amipara
amiparasir@gmail.com

Suppose i am an assessee, having transactions with a Vendor ABC. Some transactions of the vendor falls under section 194 (C) and some others fall under Sec 194 J. I regularly deduct TDS.

Suppose i have transactions worth Rs.6 lacs under sec.194 (C) and another Rs.5 lacs under Sec.194 J with the same vendor?

Am i required to deduct Surcharge on TDS on all future transactions, since the cumulative transactions with the vendor has crossed 10 lacs?

Or should i wait for the transaction amounts to exceed Rs.10 lacs under each section, to deduct Surcharge on TDS.

Can any one please clarify? I would really appreciate it.

Dear my Professional Colleage,

I have query regarding how to consider age of 65 in case of Senior citizen.

Whether a person completes 64 years of the age and entering in 65 years during the P.Y whether he is Senior CItizen or He must be Completed 65 years of Age.

Ca Divyang Parikh