for a registered partnership firm,( ONE OF THE OBJECTS IS SHARE DEALING AND OR TRADING IN SHARES)
1. there is a dividend income exceeding RS. 40 LAKHS.
2. FOR SAME FIRM THERE IS LOSS OR PROFIT ON SHARE TRADING,(THE VOLUME OF PURCHASES AND SALE OF SHARES) MORE THAN RS. 40 LAKHS( SHARES BEING BOUGHT IN CURRENT OR PREVIOUS YEARS AND SOLD IN CURRENT YEAR).
I FEEL BASED ON 2 ABOVE TAX AUDIT IS MANDATORY.
PL. CLARIFY.
R.V.RAO

IS FBT LEVIED ON BUSINESS PROMOTION EXPENSES

How the individual show the income from Derivative trading in his ITR?

1.If a SSI unit produces goods in the brand name of other SSI unit weather excise is payable by him.

2.If SSI manufacturer produces goods in the brand name of a person who is not a manufacturer but a trader (who does repacking,branding,and issue price list)

3.Does that trader will be treated as manufacturer and will he need reg. under excise

Is Sec.79 for issue of shares at discount is appicable to Private Limited Company??

Mr. navin (guest) I asked about the complete notes of CA Final. You told me stupid. But I don't think that u r smart.I want to tell u that I first looked into the files section then only I asked a Query.I asked for complete notes and the notes in the files section is not complete. Mr. Navin I think its quite shameful that on one hand ca club india is inviting us for queries and on the other hand u r using such a language with the members. Mr. navin I respect u very much but I request u that if u dont know how to answer then please don't answer the next time anybody asks a query. Thank You.

I am confused -

We have computer stationery & Consumables business

We have Partner ship firm - we have one machine its book value after Dep. Rs.550000/- (Fixed Assets) we Sale to Xyz Party - @ Rs.575000/-

Now how i can give treatment in books ?

secondly XYZ party wants Invoice so which invoice I have to raise TAX or Retail and what % I have to charge But Whether we can Issue Invoice or not ?

So Kindly reply

basis of deducting tds on subscription charges of any data/material...
As mentioned in Sec 194C printed material falls under the purview, is it the same for any electronic data/material(i.e.useful information for business).

The Circular dated 6th June 2007 clearly says that Certification Fees @ 12% of the Basic Audit Fee is payable to Branch Auditors.Banks are now taking a view that this fee is payable only to the Statutory Central Auditors and not to the Branch Auditors which is very unjust.Please air your views

In case of capitalistaion of asset can we exclude any amount of penalty charged on contractor in case of a project.
Plz give ans. with refrence of Para no. of AS-10.
Reply in detail.
Penaly is being imposed due to late completion of project.