Respected Sir,

I have one query regarding treatment of sale of units of mutual fund as per IFRS.Suppose i have sold some mutual funds and made a profit out of that.Then what would be the Treatment of sale,Profit & Investment as per IFRS?

Kindly reply asap.

Thank you.

Dear Friends,

I want to built my own website (not the bolg.

Kindly advise me on how to go ahead for this.

Thanks
Ritesh

During the year 2007-08, we received advance from our debtors. Now in the debtors ledger, there is a credit balance... which include some debtors (dr. Balance ) and some debtors (Cr. Balance)and net debtors is credit balance.

How this will be present in Balnce Sheet as per Shedule VI?

One of my client has deducted TDS and paid wide Challan as traditionally applicable to previous years. Whether he requires to pay again by E-Tax?

Could anyone send me the previous Exam question papers of ICWAI inter first group?
thanx

SIR YESSTERDAY YOU HAVE ANSWRED MY QUERY
"WHETHER SEC 44AB APPLICABLE OR NOT" SIR PL TELL ME IN WHICH CATEGORY I STANDS ,WHETHER IN INVESTOR CLASS, PERSONAL CAPACITY WHERE 44AB IS NOT APPLICABLE OR IN BUSINESS WHERE 44AB IS APPLICABLE "

pls tell me how much time should i devote daily and for how many days to clear ICWAI inter group.I am asking because I am also working along with the studies
Thanx

pl clarify on the following -
hotel tariff goes like this :
Service charges 3 % on Room Sales ;
5 % on F & B sales
VAT : 12.5 % on F & B

Restaurant bill goes like this -

Food sales : 1,000
Service charges -5% : 50
total : 1,050
K - VAT - 12.5 % : 131
Total : 1,181

Is this correct ? does service charges attract K VAT ?

please clarify

COmpany is processing frozen fruits and vegetable on job work basis for other companies. Rate charged is on per kg. basis. Raw material is raw vegetables and the final product is finished good for the processor as well as the client. Whether service tax is applicable or not.

I would kike to know more about the statutory & genaral reserves of companies in India & GCC countries


S.K.