Dear All,

Would u please tell me about Book Profit & how it is calculated?

Thanks & Regards

I am confused in filling up ITR-2. Please help me. I have a STCG of Rs. 10850/- (out of which Rs. 2386/- is in the period upto 15/9 & Rs. 8464/- in the period from 16/9-31/12. I have STCL of Rs. (-)23272/- in the period 16/3-31/3. So, I have a Combined STCL of Rs. (-)12422/-. Sales consideration is Rs. 247459/- & cost of acquisition is Rs. 259851/-, cost of transfer included. Please help me in filling 3&6 of B-TI, A,C&D of Schedule CG, Schedules CYLA,BFLA & CFL. I have a LTCG of Rs. 71649/- (Exempt income). Is it required to fill this value in 3 of B-TI & B of Schedule CG or is it sufficient to fill it only in Schedule EI. Please help. I also need to know, if I do not want to carry forward the STCL, do I still need to fill ITR-2 or I can do with ITR-1.

My articleship is ending this November 2011. I have a extension of about 4-5 months. But i have worked for long hours in office. We also maintained a office dairy. I have recorded my office timings in the dairy. Now on calculation of total working hours my extension gets reduced to 1 month.
1. Now the main question is are working hours really counted in Articleship?
2. If Yes then is there a method presribed by ICAI for calculation of working hours?
3. Are there fields/columns in the Form for completion of Articleship?
4. Are full 24 hours to be counted as working hours in Outstation Audits?
There are lots of other questions as well. I request you all to please help me as this matter as we all know is very important to us.

THERE IS AN AGRICULTURAL LAND WHICH IS WITHIN THE JURRISSDICTION OF MUNIPAL LIMITS AND THEREFORE A CAPITAL ASSET.

THE LAND IS SHOWN UNDER THE GROUP FIXED ASSETS IN THE BALANCE SHEET SINCE LAST FIVE YEARS.

THE LAND IS NOW CONVERTED TO NON AGRI LAND.
AFTER CONVERSION THE ASSESSEE NOW INTENDS TO DO SUB PLOTING AND SELL DIFFERENT PIECES OF LAND.

WHAT IS THE TAX IMPLICATION ?

CAN THE SALE OF NON AGRI CONVERTED LAND BY AN INDIVIDUAL BE TREATED AS BUSINES ?

IF YES IN SUCH CASES HOW WILL THE BREAKUP OF CAPITAL GAIN AND BUSINESS INCOME BE DONE ?

i m doing icwa at present at stage2 but i m very much confused which author"s book is refered for cost& mgmt. accounting plz send me full detail of book along with title & publisher,author name so it makes easy for me to take right decision.
ur early reply in this regard would be much appreciated.
thanks

varun mahajan

is TDS applicable on reimbursement of expenses at singapore by an indian Company. As per the agreement the company has to reimburse all the exps incured at singapore.

Is it legal to deduct all the Tax and paid in the last Quarter instead of paying in each quarter.Is there any penalty for non deduction in first 3 quarters and depositing all the tax in last quarter.

Does A CA (India) holding Practice certificate need to surrender it while shifting to USA on H4 visa ? and what is the exact procedure to be followed while shifting ?

hi,
i have a small question. i have cleared my degree with a percentage of 54% in 2009 from Osmania university Hyderabad. the eligibility as per ICAI is aggregate 55%. however if i include my extra subjects, whose marks are included in the consolidated marks sheet, i get an aggregate of 57%.could anyone pls confirm if i can sucessfully register to ipcc.?

Facts of the case\;
1. Partner A is retiring from a Partnership firm XYZ & Co.
2. The balance in his capital account, as on date of retirement is Rs.2,50,000/-.
3. One of the continuing partner purchases his share of investment, in the partnership firm, for Rs.4,50,000/-, by paying this amount to Partner A.
4. What will be the tax implication for the additional amount of Rs.2,00,000/- received by Mr.A?
5. How does the continuing partner, who purhased Mr.A's share, account this in his books of accounts?