My CA finals exams are due in may'11 and I m not taking any classes.I jst want to do it on my own I dnt know whether I m doing the correct thing or not....
Will any body plss refer me some good books and notes on each subject.......

My friend form a trust & run a school 1.It's Gross receipts is Less than 1 Crore. wheather the trust should be registered under 12A?.
2.Wheather 85% of the fund should be expended in that year.
3.For claiming exemption u/s.10(23C)trust is to be registered under any section.

Regards,
Prakash.M

if there is n agreement btwn seller & buyer of a property for transfer of such property 2 months later & buyer has given an advance money of rs 100000 aginst thst property but now seller refuse to sell the property & repay to buyer rs 200000.

now my question is

i) whether whole amnt of rs 200000 will be taxable in hand of buyer or a deduction of rs 100000 already paid to seller will be allowed

ii) if it is taxable then under which head capital gain or other source

please give d computation of taxable amnt

sir if it will be taxable under capital gain then whether there is a transfer of right(intangible asset)

Dear All

I want to know what is the accouting treatment of profit sharing in arbitrage business for dealers for Stock broker & for investors.I also want guidenance on what basis we can share the profit generated by this business and TDS applicable or not.

What is high sea sale purchase??

Nazir

Can someone assist me on this. I have a client who has not paid Profession Tax from the year 2001 as he went to US in that year and from then his status was that of a Non Resident. Is he liable to pay Profession Tax ? What is the procedure he needs to follow for surrendering PT No.?

One of my claint receiving machinery hire charges Rs.1 crore per annum. Is it taxable under service tax and in in which category it is taxable.kindly clarify it.

Respected Expert,

Which assessment year wil be applicable in May 2010 Income Tax Paper, PCE Examination ?

Is it 2009-10 or 2010-11 ?

Please clarify the same.

Regards,
N. Harish Ballal

Hi ALL, I am planning to give the IFRS Certification exam., has anyone given this exam, how are the questions, are they very tough, does anyone have any question bank for the same ?

Or any relevant study material

Regards
Pooja

Hi,

I am having STCL & LTCG from share trading. As per the recent amendment in Budget, can I add STT to purchase value and deduct STT from sales value and calculate STCG / LTCG accordingly.