Problem: What is the procedure for a resident grandmother give a gift to her grandson, who is a non resident?
Facts: the grandmother and the grandson both have a joint NRO A/c in India. Without prejudice to your opinions the amount to be gifted is in Rupees say Rs. 20,000.

Can anybody tel me as to what do FM meant by Small car ? Is it decided by price of car of length of car or facilities of car ?

if an employee invest in share market in regular basis & make daily trading & delivery basis transaction. How the person disclose his income, as it is business income or capital gain nature ? & how the share will be valued? what is basic condition to make a non speculation business in share market?

HI....
I have taken cenvat credit as an Input on cement and TMT Bar which has been used in making foundation and platform of Plant & machienery (spoge iron plant). now excise dept is reversing the same claiming not eligible for cenvat credit at all. kindly suggest me the appropriate action to be taken. refer case law if any.

i have recently cleared ca inter in nov. 2007 and i want to do mba full time course from recognised institute can i also do it regular and if so, are there any procedure of seeking permission from ca institute

If a Practicising CA receives the commission for recruting a candidate in a company(just like received by companies like naukari.com)whether it will be included in Management Consultancy Services perview?

is it neceesary to create partnership firm to do govt. audits for new comers

One of our client is earning rent of Rs.120000/- p.a. from a shop.
He is also paying interest on loal borrowed for the purchase of that shop Rs. 60000/-.
How this be charged to tax & under which head.
Is Standered deduction of 30% allowed?
&
whether Interest paid can be taken as deduction u/s 24?
Please Reply.
Thanks in advance.

MY COSTING PAPER IS EXMPT.BUT I WANT TO CHANGE MY MEDIUM FROM HINDI TO ENGLISH

CAN I DO SO
THANKS

JAVED ANSARI

Iam ca final (new course)student. Please tell me books that i should refer . Ihave passed my PE II in Nov 2007, please tell me from when i should start my preperations for finals.