In case a servive provider crosses the exemption limit provided to small scale providers for the first time. He has to pay tax only on that amount which exceeds Rs. 800000.But if in the next F.Y his gross receipts fall down the said exemption limit then what will be the taxability of the services provided by him.

Whether interest payable on loan taken from banks for construction of a house on the land owned by wife, can be claimed as deduction under section 24 of I.T.Act by the husband in his personal return? Is it necessary that the land must be owned to claim deduction of interest payable on loan taken for construction of house?

I have just passed out of CPT held in August 07. I am also a student of FYBCOM

I would like to know the Articleship Option available from Thane/Mulund Area as I am a resident of Thane and have to undergo coaching for CA Inter.

Kindly help me out so that I can approach the CAs in Thane for my articleship.

With regards

Girish Venkatesan
D3/701, Vedant Complex
Vartak Nagar
Thane (West)

Hi,

This is Saurabh, any one can contact me for any kind of Microsoft Office Excel queries.

Income from future and option (trading in share market n commodity ) will come under which head of income.

2. If we treat this income as business income whether tax audit is applicable for turnover ?
3. kindly tell me the section in which this income is under perview

Normally in tax audit of Medical shops it is not practical to give quantitaive detais.Further this facts was also mentioned in the Tax audit Report against point no 28a.of report.
What should be written in ITR-4 against column Quantitaive detais. Whether it is mandatory to give quantitaive detais of pricipal items so traded. whether the return filled will be correct or not, if no quatitaive detais of op stock , purchases , sales , cl stock mentioned in ITR-4

A charitable educational Institution is running schools without profit motive but for social service. Is it covered under the definition of business and commerce.

hi
i have registered for the final course this month and also pursuing my articleship.i also completed B.Com thru a regular college this year.I would like 2 know more about the M.com being provided by ignou for c.a . fynl students.When should i apply?seeking more details too.

thanks

Dear Friends

Can anyone of you tell me whether a company has to disclose the excise duty paid and received, etc in the p/l a/c of the form if it is following exclusive method of accounting.

Hello Friends

My query pertains to Clause 4 of Schedule I to Chartered Accountants Act as amended by Chartered Accountants (Amendment) Act, 2006. Amendment provides that a CA in practice should not enter in to partnership with any person other than CA in practice or any other person who is member of any other professional body having such qualification as may be prescribed.

I want to know whether any such other professionals have been prescribed for the purpose of partnership.

Regards
Hitesh Chhugani