Person has a car. He use it for delevery of news papers bundles of HT and Charged hire for it.The number of car is not commercial.

I had purchased 2000 shares of Remimetals Gujarat on 28-11-2007 Wednesday through icicidirect.com.These shares were under TT settlement. I tried to sell it on the same day but they said that i cannot sell as i dont have enough shares in my demat account. Is it because of monthly settlement on the next day or is there a group of shares which cannot be sold on the same day? If there is any such group can u suggest a site from where i can get the information? Exactly what is TT settlement in brief?

Dear Sir,

What item of Balance sheet to be considered for calculation of Net worth of Company?

Dear All


I would like to do my higher studies after completing my CA can you suggest me about the same.

I would prefer higher studies related to equity research or securities kindly guide me in this regard.

Dear All


Can Anybody get me a exhaustive format of internal audit report for a manufacturing company.

I have read and heard that The rates prescribed under India companies act under 1956 for depriciation are bare minimum rates. One can go for higher rates of depriciation also.

Does any conditions are attached in claming higher rates of deprication ?

Is there any case law or judgement of rules which provides for the resonability of higher depriciation?

If reasonable cause is the condition, how a reasonable cause be defined ?

Other attached conditions/informations in this regard.

Please help me out in respect of this query

U/S 205 & 350 there is defined bare minimum depreciation rate for different assets, my question is if we want to depreciate an asset at more than the rate difined under company's act, how can we do so.

With Best Regards,
Sabir Mulla

I completed Articleship on 21st Nov 2007. Took total of 191 days leave during the three years of articleship. In the meanwhile I had accumulated credit leave of 30 days during the articleship period itself and the balance was agreed to be served by me during the month of December 2007. My boss is agreeable to sign the Form 108 showing 138 days as leave taken (thus resulting in no excess leave) and we want to avoid the prospect of sending Form 107 (Supplementary Articles). I checked with my other CA friends who had completed their articles and they informed me that they had followed the same procedure in their cases too. Just want to check with the Experts as to whether this arrangement can be done so as to avoid the documentation and hassle of Form 107 and then Form 108 after the completion of Excess leave service.Please help soon.

What is 'Ward', 'Range', & 'Circle' ? What is the difference between them. On what basis, they are allocated to the assessee.

What is Floor Price and Cap Price (both in respect of issue of shares through book-building process) ? One of our expert state that the difference between both of the above should not be more than 20%. Please clarify this point also.