Dear all, a very simple question, can anybody tell me why opening stock and closing stock are considered for deriving profit? Ex: sales closing stock-opening stock-purchases-cost=profit. Whereas actually the profit is sales-costs.So why stocks are considered?

hii, i was registered for ipc both groups (with articleship) and i paid Rs.11000 in the year 2014. should i need to pay any extra fees? if not ,what proof i should attach to registration form?

R/all, I have a query regarding long term capital gain. My father purchase a residential plot in f.y. 1991-92 for Rs. 38000. In f.y. there was an expense of rs 30000 for improvement. Now we are selling the property and consideration will be approx 20,35,000 and expenses for brokerage and traveling etc will be about 50,000.00 registry is due in april 2016 How much ltcg will be payable and how can we save tax. Please suggest

As per AS 9, Dividend should be recognised as and when right to receive dividend has been established. In D.S Rawat book Right to receive establishes when dividend declared.., but in PM when it is approved in AGM.. Please clarify !

Hello.... I want to know how tax audit of charitable trust is conducted.. I mean What items are checked and forms etc filled and tax audit report etc

I m a student of ipcc plsss Can any one tell me how to change my resedential address in icai records ,

in last month, cenvat (input excise) on purchase is higher than excise sale. and service tax on sale is higher than service tax on purchase. now I was trying to adjust service tax payable with excise duty refundable. but in computation in tally erp. 9, after doing adjustment, it was showing same computation before adjustment. plz guide me with correction that how to do adjustment entry in tally erp. 9. I sm waiting for your reply...

A challan of Rs 74,500 is deposited by Deductor through bank same is shown on Tan based Oltas consisting details (Bsr code, Date of challan, Challan no, amount of challan). the same details were given in filing tds return. As per justification report downloaded from traces CPC shows the same challan as unmatched & raised demand equal to challan amount of Rs 74500. I want to know when all the details of challan are correct then why CPC has raised demand for unmatched challan?? In this case what to do? Is there any way to reply CPC through traces because paper works take plenty of time to resolve this problem??

Dear Sir, Pls advise Fixed Deposit Provision in income Tax act. if FD Period1.50 yr in which amt show in ITR . Regards, Sujata

if don't have pan no. with my landloard and i paid rent above 1 lac then how can take exemption on full amount.