monika
15 April 2009 at 20:52

Engagement letter in audit

Please somebody send me engagement letter on my mail id -: monikaspcl@gmail.com.

Thanks...


Rajan Gumnani

I had purchase a house 3 years back when it was under construction on housing loan. Since property was under construction and possession not received I did not pay any EMI. I have now received the possession in this financial year and there is Pre EMI interest accrued on the home loan. I intend to sell the property in this financial year for which there is capital gain. My question is that is it possible to set off the loss due to Pre EMI interest against capital gain in current financial year.

Regards

Rajan Gumnani


Mohanish Aggarwal
15 April 2009 at 20:50

Last Years Question Papers

Hello Friends,
If you have CA Final question papers of NOv08, May 08 and Nov07 attempts, please mail them to mohanish_aggarwal@yahoo.com


Rajan Gumnani

I had purchase a house 3 years back when it was under construction on housing loan. Since property was under construction and possession not received I did not pay any EMI. I have now received the possession in this financial year and there is Pre EMI interest accrued on the home loan. I intend to sell the property in this financial year for which there is capital gain. My question is that is it possible to set off the loss due to Pre EMI interest against capital gain in current financial year.

Regards

Rajan Gumnani


Shashi Kumar C.G.
15 April 2009 at 20:39

TDS on capital receipts

Is it necessary to deduct tds on capital receipts on compulsory acquisition, if yes when it is applicable, what are the provisions?


Shashi Kumar C.G.
15 April 2009 at 20:35

Preoperative Expenses

What is the date of setting up of the business and commencement of the business? Where it will differ and what is the implication as per IT Act?


CS Asmita Mehta
15 April 2009 at 20:27

Depreciation

Rates prescribed in Schedule XIV to the Companies Act, 1956 are not mandatory . But as per section 349 and 350 for the purposes of calculation of managerial remuneration availability of profits for distribution as dividend, the rates prescribed in said schedule shall have to be applied.

But what if we are not distributing dividend and we calculated net profit for managerial remuneration separately then what will be the position.........???


Manish Murarka
15 April 2009 at 20:14

AGE LIMIT SUBMISSION OF INCOME

MY CLIENT MATURED ON 25-01-08.AS I FILE HIS I.T RETURN IN A.Y 2008-09. IS IT CORRECT OR NOT. PLS. TELL ME.


Ajay Kumar Choudhary
15 April 2009 at 20:08

Statutory Meeting of Ltd Company

Statuary Meeting is held once in a life of of a Ltd. Company.

A partnership firm convewrted into Ltd compnay under Part IX of the Companies, Act, 1856,

My queries is Statutory meeting is compulsory for the said companies within 6 months of its incorporation.

Or

When Private Ltd companies converted to Ltd Company, in that case statutory meetiung is need to hold





darshit
15 April 2009 at 19:55

Taxation of Gift

If Assessee receives Gift in Kind is it taxable? What should be entry for accounting Purpose?